NASDAQ, GLDD - Great Lakes Drg Dock
The terms "we," "our," "ours," "us," "Great Lakes" and "Company" refer to
Great Lakes Dredge & Dock Corporation and its subsidiaries and the term "NASDI"
refers to our 85% ownership in North American Site Developers, Inc. and our
demolition business.
Organization
Great Lakes is the largest provider of dredging services in the United
States. The Company was founded in 1890 as Lydon & Drews Partnership and
contracted its first project in Chicago, Illinois. The Company changed its name
to Great Lakes Dredge & Dock Company in 1905 and was involved in a number of
marine construction and landfill projects along the Chicago lakefront and in the
surrounding Great Lakes region.
On April 24, 2001, the Company purchased 80% of the capital stock of NASDI,
a demolition services provider located in the Boston, Massachusetts area. In
2003, the Company increased its ownership in NASDI to 85%. One NASDI management
stockholder retains a 15% non-voting interest in NASDI. ...
Read SEC Filing on NASDAQ.com »