Capstone Headwaters advised Inland Dredging Company, LLC (“Inland”) on its sale to Encore Dredging Partners, LLC (“EDP”), with the support of AV Capital. Terms of the deal were not disclosed.
Founded in 1997, Inland’s reputation for quality, integrity, and accountability is highly regarded within the industry and throughout its diverse client base. For 24 years, Inland has provided high quality dredging services throughout the Central U.S. river system and the Gulf Coast areas of Florida, Alabama, Mississippi, Louisiana, and Texas. Inland’s main services include maintenance and deepening dredging, beach nourishment, coastal restoration, marsh creation, and island restoration and protection. Inland operates a fleet of three high-quality 24” cutter suction dredges and provides an experienced group of highly skilled professionals utilizing the latest technology and equipment to assure client satisfaction on every project.
Jim Mohead, Inland Dredging Founder said
“What a great outcome, both for my family and for the company. Every deal like this is a journey. Our journey was made longer and more difficult by Covid, but the Capstone team was unwavering throughout. We very much appreciated their professional approach and personal commitment to getting a great result for our family.”
Burke Smith, Managing Director at Capstone commented
“This one was definitely personal. Jim Mohead built a fantastic marine services company and we were absolutely committed to preserving that legacy going forward. In AV Capital and Encore Dredging, we found precisely the right buyer for the business. We look forward to watching as they build from Inland to create a new market leader.”
Greg Ford, Inland’s President, added
“We are excited to be joining the Encore family. 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.”
Dwayne Breaux, EDP’s Chief Executive Officer commented
“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. 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.”
Vernon Bryant, Managing Partner of AV Capital said
“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. 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.”