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.
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The Corporate 100
Alaska Business has been celebrating the corporations that have a significant impact on Alaska’s economy since 1993. At the time, the corporations weren’t ranked as the list didn’t have specific ranking criteria. Instead, the Alaska Business editorial team held long, detailed, and occasionally passionate discussions about which organizations around the state were providing jobs, owned or leased property, used local vendors, demonstrated a high level of community engagement, and in general enriched Alaska.