April 23, 2021 By Waterways Journal
Lockport, La.-based Bollinger Shipyards announced April 19 the acquisition of the shipyard division assets and long-term contracts of Gulf Island Fabrication Inc. The acquisition includes a 437-acre waterfront facility in Houma, La., with 198,000 square feet of existing operations, fabrication and warehouse space, along with four floating drydocks.
With the purchase, Bollinger has also acquired Gulf Island Fabrication’s contracts to build both the Towing, Salvage and Rescue Ships (T-ATS) for the U.S. Navy and regional class research vessels for the National Science Foundation and Oregon State University. Other contracts included in the sale include orders for two 40-vehicle ferries for the North Carolina Department of Transportation, a 70-vehicle ferry for the Texas Department of Transportation and two multipurpose service vessels for Hornbeck Offshore Services “that are subject
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Bollinger Shipyards Acquires Gulf Island Fabrication’s Shipyard Facilities
April 19, 2021 GMT
LOCKPORT, La. (BUSINESS WIRE) Apr 19, 2021
Bollinger Shipyards (“Bollinger”), a privately-held leading designer and builder of steel military and commercial vessels for the past three quarters of a century, today announced that it has acquired Gulf Island Fabrication, Inc.’s (“Gulf Island”) (NASDAQ: GIFI) Shipyard facilities, expanding Bollinger’s new construction and repair capacity and capabilities to better serve its key defense and commercial customers. Financial terms of the transaction were not disclosed.