Gulf Island Sells Excess Property in Houma
Gulf Island Fabrication, a steel fabricator and service provider to the industrial and energy sectors, announced on Tuesday it has completed the sale of excess property that was part of the company’s facilities located in Houma, La.Gulf Island said the sale to an undisclosed buyer generated net cash proceeds of approximately $8.5 million.“A key aspect of our strategic transformation has been to improve our resource and facility utilization and the sale of this property at our Houma facility is consistent with this objective,” said Richard Heo, Gulf Island’s president and CEO.
Bollinger Buys Gulf Island’s Shipyard Facilities
Lockport, La.-based Bollinger Shipyards has acquired Gulf Island Fabrication’s shipyard facilities in nearby Houma for approximately $28.6 million.The purchased site encompasses 437 acres on the west bank of the Houma Navigation Canal, of which 283 acres is unimproved land that is available for expansion. The facility includes 18,000 square feet of administrative and operations facilities, 160,000 square feet of covered fabrication facilities and 20,000 square feet of warehouse facilities. It also has 6,750 linear feet of water frontage, including 2,350 feet of steel bulkheads.
Gauthiers’ Relocates, Expands Houma Facility
Gauthiers’, a Lafayette-based supplier of oil and gas industry containers and support equipment, officially opened the doors to its newly relocated and expanded Houma facility with a community crawfish boil on Friday, April 11. Approximately 200 invited guests dug into more than 1,000 pounds of boiled crawfish, toured the new facility and learned about the company’s newest products. By moving to a larger, 6-acre property and constructing a new facility on Highway 182, Gauthiers’ will substantially expand its capacity…
Leevac Acquires Quality Shipyards from Tidewater
LEEVAC Shipyards, LLC through its newly created subsidiary LEEVAC Shipyards Houma, LLC (LEEVAC) has completed the acquisition of substantially all assets of Quality Shipyards, Inc. (Quality) located at 3201 Earhart Street in Houma Louisiana from Tidewater Marine, LLC (NYSE: TDW). The acquisition of assets includes 35 acres of industrial property located on 2,500 feet of waterfront along the intracoastal waterway, 4 drydocks (the largest measuring 4,200 tons of capacity), 100,000 square feet of covered production facilities and several large track cranes.
