Great Lakes Dredge & Dock Acquisition, Valuation & Financials

Great Lakes Dredge & Dock was acquired by Saltchuk for $1.5B in February 2026, a 1.7x multiple on $888M of revenue.

Great Lakes Dredge & Dock acquisition price

$1.5B

Acquired by Saltchuk · Feb 2026

Great Lakes Dredge & Dock revenue at acquisition

$888M

Last twelve months · Feb 2026

Great Lakes Dredge & Dock revenue multiple at acquisition

1.7x

EV/Revenue · Feb 2026

Great Lakes Dredge & Dock EBITDA multiple at acquisition

8.8x

EV/EBITDA · Feb 2026

Great Lakes Dredge & Dock Overview

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company is also fully engaged in expanding its core business into the offshore energy industry. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Company work generally is to performed in coastal waterways and deep water ports. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.


Founded

1890

HQ

United StatesUnited States

Website

gldd.com

Status

Acquired

Customer focus

B2B & B2G

Revenue model

Services

Revenue

$888M (Feb 2026)

Valuation

$1.5B (acquired Feb 2026)

Great Lakes Dredge & Dock Acquisition

Great Lakes Dredge & Dock was acquired by Saltchuk for $1.5B on 11 February 2026.

The acquisition price implies a 1.7x revenue and 8.8x EBITDA multiple on $888M of revenue.

Great Lakes Dredge & Dock acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Saltchuk
11 Feb 2026Strategic M&A$1.5B1.7x8.8x

Great Lakes Dredge & Dock as a Public Company

Great Lakes Dredge & Dock traded as NAS: GLDD before it was taken private. Its acquisition was announced in February 2026. January 2026 is its last month on record as a listed company, with a market cap of $1B and an enterprise value of $1.5B.

Last-twelve-month revenue was $850M, with EBITDA of $169M (20% margin), and the shares traded at 1.7x EV/Revenue and 8.7x EV/EBITDA.

Over the 4 years before that, its market cap grew from $900M in January 2022 to $1B, while revenue grew from $744M to $850M.

Great Lakes Dredge & Dock market cap while listed

Great Lakes Dredge & Dock EV/Revenue (LTM) while listed

Great Lakes Dredge & Dock financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Jan 2026$1B$850M$169M20%1.7x8.7x
Jan 2025$739M$774M$134M17%1.6x9.1x
Jan 2024$509M$603M$61M10%1.6x15.6x
Jan 2023$455M$669M$48M7%1.2x17.2x
Jan 2022$900M$744M$124M17%1.5x8.9x

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Great Lakes Dredge & Dock traded.

Great Lakes Dredge & Dock Competitors

Great Lakes Dredge & Dock competitors include listed companies like Macmahon Holdings, Perenti, BOXABL and Maas Group, and private ones like Apex Construction and Bedrock Robotics.

Public and private companies comparable to Great Lakes Dredge & Dock
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Macmahon HoldingsAustraliaAustraliaPublicly listed$1.9B$275M$1.5B0.8x
PerentiAustraliaAustraliaPublicly listed$2.4B$397M$1.5B0.7x
BOXABLUnited StatesUnited StatesPublicly listed$2M($58M)$1.5B-
Maas GroupAustraliaAustraliaPublicly listed$448M$130M$1.5B2.5x
Apex ConstructionUnited StatesPortland, ORPrivate--$1.6B-
Bedrock RoboticsUnited StatesSan Francisco, CAPrivate--$1.8B-

Great Lakes Dredge & Dock Public Comps

Great Lakes Dredge & Dock is no longer listed, but its public comps include Macmahon Holdings, Perenti, BOXABL, Maas Group, Implenia, Friedrich Vorwerk Group, Burkhalter Holding, PORR, Duerr and Kier Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Macmahon Holdings$1.9B$275M0.9x0.8x5.8x5.6x
Perenti$2.4B$397M0.7x0.7x4.3x3.6x
BOXABL$2M($58M)1498.4x-(38.9x)-
Maas Group$448M$130M5.0x2.5x17.4x11.1x
Implenia$4.2B$328M0.5x0.5x6.0x6.1x
Friedrich Vorwerk Group$811M$177M1.6x1.5x7.5x6.1x
Burkhalter Holding$1.5B$101M1.1x1.0x15.3x14.4x
PORR$7.3B$471M0.3x0.2x3.9x3.8x

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Common questions about Great Lakes Dredge & Dock

When was Great Lakes Dredge & Dock founded?Great Lakes Dredge & Dock was founded in 1890.
Where is Great Lakes Dredge & Dock headquartered?Great Lakes Dredge & Dock is headquartered in United States.
Is Great Lakes Dredge & Dock publicly listed?No, Great Lakes Dredge & Dock was acquired by Saltchuk in February 2026.
Who acquired Great Lakes Dredge & Dock?Great Lakes Dredge & Dock was acquired by Saltchuk in February 2026.
How much was Great Lakes Dredge & Dock acquired for?Great Lakes Dredge & Dock was acquired for $1.5B in February 2026, a 1.7x revenue multiple.
Which companies are comparable to Great Lakes Dredge & Dock?Companies comparable to Great Lakes Dredge & Dock include Macmahon Holdings, Perenti, BOXABL, Maas Group, Apex Construction and Bedrock Robotics.
What was Great Lakes Dredge & Dock's market cap before the acquisition?Great Lakes Dredge & Dock had a market cap of $1B in January 2026, its last month on record as a listed company, trading at 1.7x EV/Revenue.
What was Great Lakes Dredge & Dock's revenue as a public company?Great Lakes Dredge & Dock's last reported twelve-month revenue was $850M (January 2026), with EBITDA of $169M.

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