Donjon Marine Acquired by Investment Firm Tallvine
Donjon Marine was founded in 1964 and operates dredging, salvage operations, towing and emergency response. The company operates more than 70 specialized vessels, over 1,000 linear feet of berth space and an estimated daily spoils processing capacity of 4,500 cubic yards in the New York and New Jersey Harbors. DonJon Marine employs more than 270 employees across the United States.
Donjon Marine’s shipyard in Erie, Pennsylvania, features one of only two dry docks on the Great Lakes capable of dry docking 1,000-foot Great Lakes self-unloading vessels. The shipyard is located on 44 acres and has more than 200,000 ft2 of production area including fully enclosed fabrication and assembly buildings, as well as 4,000 feet of pier space.
The company will continue to operate under the Donjon Marine brand. John A. Witte, Jr. will remain CEO, alongside Thomas and Paul Witte, as part of the executive team. In addition, Denver-based Thoroughbred LLC, led by co-founders and managing partners Charles Wesley and Aaron Bowlds, will serve as industrial partner.
Terms of the transaction were not disclosed.
Image courtesy of Donjon Marine
50th Anniversary of the Sinking of the SS Edmund Fitzgerald
It has been 50 years since the tragic sinking of the SS Edmund Fitzgerald on Lake Superior. On November 10, 1975, the Great Lakes freighter sank during a storm just... Read More
Ports of Indiana Receives FEMA Grants for Security
Ports of Indiana has been awarded two federal grants from the Federal Emergency Management Agency (FEMA) to strengthen security infrastructure and assessment capabilities at its Burns Harbor and Jeffersonville ports. The FEMA Port... Read More