Orion Group subsidiary agrees to sell ~341 acres in Texas for $34M

Orion Group Holdings Inc

Subsidiary entered Land Sale Contract with Brixx Technologies LLC for 341.3 acres in Harris County, TX.
Purchase price approx. $34M; closing expected on or before June 14, 2024.
Land previously used as dredge placement areas; proceeds from non-core asset sale.
Sale subject to customary due diligence and closing conditions.

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 Brixx Technologies LLC valued at approximately $34 million (effective 2024-02-20).

Action: entry
Agreement: asset purchase
Counterparty: Brixx Technologies LLC
Value: approximately $34 million
Effective: 2024-02-20

Exact text from the filing

On February 20, 2024, a subsidiary of Orion Group Holdings, Inc. (the "Company") entered into a Land Sale Contract with Brixx Technologies LLC, a Texas limited liability company, who, subject to customary due diligence and closing 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.

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Source: SEC EDGAR

accession 0001558370-24-001365

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