Encore Dredging Partners Acquires Inland Dredging Company
Encore Dredging Partners LLC (EDP), a newly formed premier specialty dredging and marine infrastructure services firm, announced January 5 that it has acquired Inland Dredging Company LLC for an undisclosed purchase price.
Headquartered in League City, Texas, EDP was founded to be the premier mid-sized cutter suction and mechanical dredging services provider focusing on navigable waterways throughout the United States. EDP’s leadership team brings a combined 75 years of dredging and marine infrastructure services experience and is focused on delivering high quality projects to private owners and government agencies, the firm said in the announcement.
“The acquisition of Inland represents an important step in the execution of our growth strategy for EDP and serves as a platform for continued client success,” said Dwayne Breaux, CEO of EDP. “Inland has a solid history of delivering high-quality projects across the South and Southeastern United States. We are honored to be partnering with the outstanding Inland team to build upon their historical successes, enhance our capabilities and expand our geographic footprint.”
Founded in 1997, Inland Dredging Company is based in Dyersburg, Tenn. The company provides dredging services throughout the central U.S. river system and along the Gulf Coast. Its main services include maintenance and deepening dredging, beach nourishment, coastal restoration, marsh creation and island restoration and protection. Inland operates a fleet of three 24-inch cutter suction dredges.
Inland’s existing management team will remain in place.
“We are excited to be joining the Encore family,” said Greg Ford, president of Inland Dredging Company. “EDP’s management team has extensive dredging and marine infrastructure services experience that will be additive to our team moving forward. As we look ahead, we will continue to provide the same top-quality services to our customers with the same faces they have seen for years. Additionally, we will be looking to expand both our operating geography and our dredging capabilities. We are excited about the next chapter for Inland and look forward to new growth while honoring our legacy of success.”
AV Capital provided the financial backing and partnered with EDP to complete the acquisition of Inland. AV Capital is an Austin, Texas-based private equity firm that partners with industrial-oriented companies, including dredging services and marine construction firms.
“AV Capital is excited to return to the dredging industry by partnering with EDP and the team at Inland to build a market-leading platform,” said Vernon Bryant, managing partner of AV Capital. “We are also very appreciative of the Mohead Family for the great business they built at Inland and the trust they put in EDP and AV Capital to build upon its legacy.”