HOUSTON, TX – April 19, 2021 – Encore Dredging Partners, LLC (“Encore Dredging Partners”), a leading specialist in dredging and marine infrastructure services, supported by its exclusive financial sponsor AV Capital, today announced the strategic acquisition of the dredging division assets from RLB Contracting (“RLB”). This acquisition significantly enhances Encore Dredging Partners’ capabilities and market presence in the dredging sector.
Encore Dredging Partners has successfully acquired substantially all dredging division assets and associated equipment from RLB. This strategic move also includes welcoming the experienced RLB dredging crews and maintenance personnel to the Encore Dredging Partners team. Established with the vision of becoming the premier mid-sized provider of cutter suction and mechanical dredging services across the United States, Encore Dredging Partners is solidifying its position through this acquisition. The integration of RLB’s assets will notably expand Encore Dredging Partners’ maintenance dredging fleet, providing increased operational capacity, particularly within the critical Texas market. The ongoing partnership with AV Capital continues to fuel Encore Dredging Partners’ growth trajectory, positioning the platform for further expansion in dredging and marine infrastructure services nationwide.
RLB’s foray into dredging services began in 2010 with the acquisition of what is now known as the Cutter Suction Dredge (“CSD”) Jonathan King Boyd. Further demonstrating their commitment to the sector, RLB expanded its dredging fleet in 2018 with the addition of the CSD Eagle One. RLB has since become a reputable provider of maintenance dredging services to both private and public sector clients, primarily in Texas. The acquired RLB dredging division assets provide a robust foundation for Encore Dredging Partners’ ongoing maintenance dredging operations throughout Texas and the broader Gulf Coast region. Importantly, the acquisition also includes the CSD Pat Lundin portable dredge and RLB’s off-loader capabilities, further diversifying Encore Dredging Partners’ service offerings.
“The acquisition of the RLB dredging division assets is a pivotal step in the continued strategic expansion of Encore Dredging Partners’ fleet, capabilities, and geographic footprint,” stated Dwayne Breaux, CEO of Encore Dredging Partners. “We are thrilled to integrate these highly productive assets into our existing fleet and to welcome seasoned dredge operating and maintenance crews to our exceptional team. This acquisition allows Encore Dredging Partners to establish its Coastal Division in Texas, dedicated to serving both public and private clients throughout the Gulf Coast with enhanced responsiveness and resources.”
Vernon Bryant, Managing Partner at AV Capital, commented, “AV Capital is enthusiastic about the continued growth of the Encore Dredging Partners platform. We remain committed to supporting the Encore Dredging Partners management team as they pursue strategic opportunities to expand their dredging and marine infrastructure services platform. Our focus is steadfast on delivering superior quality operations with an unwavering emphasis on customer service and safety.”
About AV Capital
AV Capital, based in Austin, Texas, is a private equity firm focused on control investments in entrepreneur and family-owned middle market companies. AV Capital strategically invests across niche manufacturing, specialized distribution, and business services sectors within diverse end markets. The firm’s core strategy is to partner with talented management teams, facilitating the transition of closely held middle market companies to institutional ownership and accelerating their growth potential. AV Capital distinguishes itself through a relationship-centric approach, offering patient capital and a long-term investment perspective to build market-leading companies. Business owners choose AV Capital for its strong values and culture, extensive investment expertise and network, and a proven track record of supporting management teams in scaling outstanding middle market businesses. For more information about AV Capital, please visit www.av.capital.
