Pacific Fishermen Shipyard and Electric LLC announced that it has agreed to sell its marine electrical operation, PFI Marine Electric, to a new company owned by the manager of the business, James Kaldestad, and George Hancock, owner of Eltech Electric Inc, another Seattle-based marine electrical contractor. Kaldestad will be President of PFI Marine Electric LLC, which will continue to operate at the Pacific Fishermen Shipyard in Ballard, Seattle and at Dutch Harbor, Alaska. All current employees will have the option to transfer their employment to the new company. Kaldestad has also been appointed President of Eltech Electric Inc. He will manage both operations to provide a full range of marine electrical contracting services to its customers in the Pacific Northwest and Alaska.