Orion Group enters $36M land sale for 341 acres in Harris County, Texas

Orion Group Holdings Inc

Land Sale Contract for two parcels (approx. 341.3 acres) previously used as dredge placement areas.
Purchase price of ~$36M (stated as $35,978,207) from Equity Resource Partners - East West, LLC.
Closing expected on or before September 29, 2023, subject to due diligence.
Proceeds not specified; land is non-core asset. No guidance change.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Orion Group Holdings Inc entered into Land Sale Contract with Equity Resource Partners - East West, LLC valued at approximately $36 million (effective 2023-04-26).

Action: entry
Agreement: asset purchase
Counterparty: Equity Resource Partners - East West, LLC
Value: approximately $36 million
Effective: 2023-04-26

Exact text from the filing

On April 26, 2023, Orion Group Holdings, Inc. (the "Company") entered into a Land Sale Contract with Equity Resource Partners - East West, LLC, a Georgia limited liability company, who, subject to normal due diligence conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres), previously used by the Company as dredge placement areas. The purchase price is approximately $36 million, and closing is anticipated on or before September 29, 2023.

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Source: SEC EDGAR

accession 0001402829-23-000020

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