Orion completes $60M acquisition of J.E. McAmis, strengthens heavy marine construction

Orion Group Holdings Inc

Acquired J.E. McAmis for approx. $60M: $46M net cash (from credit facility), $12M 5-yr 6% note, $2M stock, plus contingent payments up to $10M and 40% profit share.
Adds strategic Jones Act marine assets, jetty/breakwater capabilities, and $1.4B opportunity pipeline; expected accretive to FY2026 adjusted EBITDA.
Transaction funded with $46.9M borrowings under UMB credit agreement; Orion issued 182,392 shares to sellers via Section 4(a)(2) exemption.
J.E. McAmis has strong ties with U.S. Dept of Defense and Army Corps of Engineers; owns marine & real estate assets valued at $34M.

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