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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NAVCENT Commander Recognizes Journey of Hope Sailors

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship,

NYK Holds 8th Environmental Management Conference

NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Naval Architecture

Production Begins on Sovcomflot’s New MPSV

Arctech Helsinki Shipyard started production of the new icebreaking multipurpose supply vessel   The production of the icebreaking multipurpose supply vessel

Glosten Designing Vigor’s Alaska Class Ferries

Glosten using Nupas-Cadmatic software for Vigor’s Alaska Class Ferry project   Seattle-based naval architecture consultancy Glosten has joined the list of North

Bollinger Delivers 11th FRC to the US Coast Guard

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer,

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1930 sec (5 req/sec)