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Ahtna Subsidiary Acquires Leading Dredging and Civil Construction Firm

Nov 20, 2019 | Monitor

Ahtna, Inc.

ANCHORAGE—Ahtna Marine & Construction Company (AMCC), an Ahtna, Inc. subsidiary, has finalized acquisition of Cavache, a Florida-based dredging and civil construction firm. Cavache has been in operation for over fifteen years and its twenty employees and vessel and marine equipment assets will be transitioned under AMCC. 

“Cavache has an excellent reputation with their clients and the acquisition will bolster our strategic objective to expand operations throughout the Southeast region of the country,” said Craig O’Rourke, AMCC president. 

Cavache specializes in hydraulic and mechanical dredging services in lakes, ports, rivers, canals, inlets, and other navigable waterways as well as beach renourishment, shoreline protection, wetland construction, and environmental clean-up and maintenance. AMCC plans to establish a HUBZone office in Florida and service the US Army Corps of Engineers, the Florida Inland Navigation District, and the Naval Facilities Engineering Command (NAVFAC) Southeast contracting office. 

“The acquisition is part of our overall investment strategy which is focused on companies that increase our service offerings, provide shareholder value, and diversify our customer base. We will continue to explore acquisition of other great companies that meet our investment criteria,” said Tom Maloney, Ahtna Netiye’s chief operating officer.

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The Marx Bros. Café

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Jack Amon and Richard “Van” Hale opened the doors of the Marx Bros. Café on October 18, 1979; however, the two had already been partners in cuisine for some time, having created the Wednesday Night Gourmet Wine Tasting Society and Volleyball Team Which Now Meets on Sunday, a weekly evening of food and wine. It was actually the end of the weekly event that spurred the name of the restaurant: hours after its final service, Amon and Hale were hauling equipment and furnishings out of their old location and to their now-iconic building on Third Street, all while managing arguments about equipment ownership, a visit from the police, and quite a bit of wine. “If you’ve ever seen the movie ‘A Night at the Opera” starring the Marx Brothers, that’s what it was like,” Hale explains.

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