Shaw acquires Coastal Planning & Engineering Inc

Shaw acquires Coastal Planning & Engineering Inc

12:32 PM, 17th June 2011
Shaw acquires Coastal Planning & Engineering Inc

BATON ROUGE, US: The Shaw Group Inc said that it has acquired Coastal Planning & Engineering Inc (CPE) in an all-cash transaction valued at approximately $ 26 million. CPE’s full range of services includes coastal modeling, oceanographic measurements, marine biology, geotechnical surveys, hydrographic surveys and marine geology. The company has worked with Shaw on multiple coastal engineering projects, including the most recent sand berm project for the state of Louisiana. Additionally, this acquisition includes a presence in Brazil for Shaw, which can accommodate the country’s needed coastal restoration, port redevelopment and expansion, as well as oil and gas development.

“The acquisition will position us as a leader in coastal restoration services. This will allow us to capitalize on multiple opportunities, including restoration of the Gulf Coast, port expansions and offshore energy support globally,” informed George Bevan, President- Environmental & Infrastructure Group, Shaw.

Shaw’s own coastal experience includes strategic planning, design, construction and project monitoring in various coastal terrains, including Louisiana and Florida. The transaction was completed in Shaw’s third quarter of fiscal year 2011.

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