Michel expands marine operations with latest acquisition
In November 2021, Michels Construction, a subsidiary of Michels, acquired two companies, PCi Dredging (PCi) and Great Lakes Diving and Salvage (GLD), expanding its marine construction services. PCi uses dredging and other services to expand and restore waterways and shorelands. GLD employees are trained and certified divers for inland and offshore underwater construction and diving services. Furthermore, it also provides design, fabrication and installation of underwater solutions. These acquisitions will be integral to Michel's long-term success.
Balance Sheet|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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