Elliott Bay Design Group Celebrates 25 Years

Press Release
Monday, January 28, 2013
EBDG Project 'R/V Atlantic Explorer': Photo credit EBDG

After a quarter of a century, EBDG leads the U.S. ferry market and begins a new journey as a unique employee-owned company.

Elliott Bay Design Group (EBDG) celebrates its 25th anniversary and a successful first year following a management buyout by nearly half its employees. Since EBDG opened its doors it has designed tugs, research vessels, offshore supply vessels, and more vehicle ferries than any other U.S. firm.

Brian King, Vice President of Engineering, was one of the first employees hired after the company was founded in 1988. “In those early days we just worked so hard, going home for sleep and that was about it, scrapping for every job we could get. I used to think of it as University of Elliott Bay Design Group.”

As a result of such efforts, EBDG grew to become a leading naval architecture and marine engineering firm. Then, in 2007 EBDG was purchased by American Commercial Lines (ACL). Shortly after the purchase, however, ACL’s leadership and focus changed and it became apparent that EBDG needed to be its own company once again — this time with a more inclusive business model.

“When employees are also owners there’s great alignment” said Joe Pritting, EBDG’s President. “We teamed up with our local bank, pooled our equity and bought back our company. Everyone from top to bottom had the opportunity to be an owner.”

The management buyout was executed in December 2011, making EBDG an employee-owned company with an unusually broad ownership base of 23 out of 39 employees. After one year of ownership the firm now has grown to 48 engineers, designers and support staff.

Elliott Bay Design Group LLC has offices in Seattle and New Orleans, providing naval architecture, marine engineering and production support services on behalf of owners, operators and shipyards across the country.
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

Naval Architecture

3D Machining Puts Wind in the Sails

With ESPRIT CAM software, Armor Mécanique has the wind in its sails; 50% time savings, better quality and new markets thanks to 3D machining Established in 1984

Changes in Aker Solutions' Top Deck

Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik

Wärtsilä's' New Plant in Brazil

Following an investment of 20 million euros, Wärtsilä's' new unit will produce and test motor generators and thrusters   Wärtsilä's first unit at Porto do Açu in São João da Barra (RJ),

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4233 sec (2 req/sec)