Ahtna Subsidiary Acquires Leading Dredging and Civil Construction Firm
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.
In This Issue
Spreading the Word
When Bristol Bay Native Corporation (BBNC) first aired TV commercials featuring the tagline, “A Place That’s Always Been,” the reaction was surprising. Not only because they received numerous accolades and marketing awards for the campaign but because, at the time, it was rare for Alaska Native corporations to market themselves through the media.