Great Lakes Dredge and Dock Company
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| Public | |
| Traded as | NASDAQ: GLDD |
| Industry | Heavy Construction Contractor |
| Founded | 1890 |
| Headquarters | Oak Brook, Illinois, United States |
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Area served
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Worldwide |
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Key people
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Jonathan W. Berger, CEO |
| Services | Dredging, Land reclamation, Demolition |
| Revenue |
 $731.41 million USD (2013) |
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$51.4 million USD (2013) |
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$19.9 million USD (2013) |
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| Website | www |
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. It is currently based in Oak Brook, Illinois.
The company was founded in 1890 as the partnership of William A. Lydon & Fred C. Drews and was named Lydon & Drews dredging company. Early projects included the shoreline structures for the Chicago's Columbian Exposition. The company soon had satellite operations throughout the Great Lakes. It was renamed the Great Lakes Dredge and Dock Company (GLD&D) in 1905. Between 1900 and 1950, GLD&D undertook major projects such as the Sabin Lock, straightening of the Chicago River west of the Chicago Loop, the Michigan Avenue Bridge, foundation landfill and reclamation of the area where the Adler Planetarium & Astronomy Museum, Soldier Field, Meigs Field and Field Museum of Natural History stand today in Chicago and harbor work for the Naval Station Great Lakes.
During the Second World War, GLD&D constructed the MacArthur Lock. After the Second World War, GLD&D participated in extensive oil-related dredging in the Gulf of Mexico. In 1979, Great Lakes International Inc. (GLI) was included as a holding company for GLD&D. From 1985 to 1998, GLI was acquired by several companies to include ITEL Corporation, Blackstone Dredging Partners and Vectura Holding Company (Citigroup) until being purchased by Madison Dearborn Partners in 2003 for $340 million. It was spun off a publicly traded company on NASDAQ in 2006 after the Madison's special-purpose acquisition company Aldabra Acquisition Corp merged with it. Aldabra in turn changed its name to Great Lakes Dredge and Dock. Madison sold the last of its shares in 2009.
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Wikipedia