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 November 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Equinox Class Scrubber Systems Receive Certification

Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Naval Architecture

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Naviera Integral Orders Damen Fast Crew Suppliers

Naviera Integral of Mexico is the launching customer of Damen’s new Sea Axe Fast Crew Supply vessel, the FCS 4008. President of Naviera Integral, Juan Pablo Vega,

Wärtsilä Propulsion and Design for Two OSVs

Two new 150-ton-bollard-pull anchor handling offshore support vessels (AHOSVs) being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair 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: 0.2415 sec (4 req/sec)