BIDCO Acquires A.J. Brothers Marine Construction

Tuesday, May 22, 2001
On April 26 Buffalo Industrial Diving Company, Inc. (BIDCO) of Buffalo, N.Y., completed its acquisition of A.J. Brothers Marine Construction, Inc. a fixture in the Eastern Great Lakes marine construction field. The combined assets will continue business under the name Buffalo Industrial Diving Company, Inc. The acquisition added eight tugs in various lengths up to 72 ft. and eight barges in lengths up to 150 ft. to BIDCO's existing vessel fleet. With its increased inventory of cranes, barges, vessels and other heavy construction equipment, BIDCO is poised to become a major contender in the Great Lakes marine construction arena. A.J. Brothers' former president, Wayne Miller, has joined BIDCO as vice president of marine construction and partner. The acquisition is part of BIDCO's continuing expansion program. The next will be a move to larger facilities in South Buffalo adjacent to the Buffalo River. This is expected to be completed in the next few months. The new facilities will feature additional office space and separate buildings for fabrication, equipment repair, and diving equipment storage. Also included will be docking and storage for the company's growing inventory of vessels, barges and support equipment.

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