Dredgit Corporation: Comprehensive Company Profile
Background
Dredgit Corporation, established in 2011 and headquartered in Houston, Texas, is a family-owned specialty contractor specializing in critical infrastructure maintenance services. The company operates through four divisions: Marine, Civil, Environmental, and Industrial, offering a range of services including hydraulic maintenance dredging, heavy construction, in-plant sediment and wastewater management, and in-plant civil construction. Dredgit has successfully executed projects for clients such as the U.S. Army Corps of Engineers, U.S. Coast Guard, state and local governments, and major industrial companies in sectors like petrochemical refining and power generation.
Key Strategic Focus
Dredgit's strategic focus centers on delivering high-quality infrastructure maintenance services across its four divisions:
- Marine Division: Specializes in hydraulic maintenance dredging of navigable waterways.
- Civil Division: Engages in heavy construction of critical infrastructure.
- Environmental Division: Provides in-plant sediment and wastewater management solutions.
- Industrial Division: Offers in-plant and mill civil construction services.
The company emphasizes safety, innovation, and environmental responsibility in its operations.
Financials and Funding
Dredgit Corporation is privately held and does not publicly disclose detailed financial information. The company has secured several federal contracts, including:
- Crane Island Earthwork Contract: An Indefinite Delivery Indefinite Quantity (IDIQ) contract awarded by the U.S. Army Corps of Engineers in April 2021, with obligations totaling $14.8 million to date.
- Long Island Intracoastal Contract: A definitive contract awarded in July 2022, with obligations of $2.3 million.
- Cedar Bayou Navigation Channel Maintenance Dredging: A definitive contract awarded in September 2024, with obligations of $2.9 million.
Pipeline Development
Dredgit's project pipeline includes:
- Crane Island Earthwork Contract: A three-year contract awarded in April 2021, with obligations totaling $14.8 million to date.
- Long Island Intracoastal Contract: A one-year contract awarded in July 2022, with obligations of $2.3 million.
- Cedar Bayou Navigation Channel Maintenance Dredging: A one-year contract awarded in September 2024, with obligations of $2.9 million.
Technological Platform and Innovation
Dredgit employs a proprietary mechanical separation process for sediment removal, which efficiently extracts sediment, sludge, debris, and silt from water without the use of chemicals. This environmentally friendly approach minimizes ecological impact and enhances operational efficiency.
Leadership Team
The leadership team at Dredgit Corporation includes:
- Jared Mark: President & CEO
- Clayton Callaway: Chief Financial Officer
- Keith Hendrick: Vice President of Contracts & Administration
- Chris Dini: Vice President of Operations
- Ranae Landrum: Vice President of Human Resources
Each member brings extensive experience in their respective fields, contributing to the company's strategic direction and operational success.
Competitor Profile
Dredgit operates in the infrastructure maintenance sector, facing competition from various companies offering similar services. Notable competitors include:
- Great Lakes Dredge & Dock Corporation: A leading provider of dredging services in the United States, specializing in maintenance dredging, capital dredging, and environmental dredging.
- Cottrell Contracting Corporation: A marine contractor offering dredging, marine construction, and environmental services.
- Dredging International: A global dredging company providing dredging and land reclamation services.
Strategic Collaborations and Partnerships
Dredgit has established strategic collaborations with various government agencies, including the U.S. Army Corps of Engineers and the U.S. Coast Guard, to execute critical infrastructure projects. These partnerships enhance the company's capabilities and expand its project portfolio.
Operational Insights
Dredgit's focus on safety, environmental responsibility, and innovative solutions differentiates it in the competitive landscape. The company's proprietary sediment removal technology and commitment to quality have established it as a trusted partner for both public and private sector clients.
Strategic Opportunities and Future Directions
Dredgit is well-positioned to capitalize on opportunities in infrastructure maintenance, particularly in dredging and environmental services. The company's innovative technologies and strong industry relationships provide a solid foundation for future growth and expansion into new markets.
Contact Information
Dredgit Corporation maintains an active presence on social media platforms, including LinkedIn, where they engage with industry professionals and share company updates.
