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Orion Acquires Misener Marine

Orion Construction Inc., Houston, Texas, has completed its transaction to acquire the operations of Misener Marine Construction, Inc., of Tampa, Florida, including the majority of the marine equipment fleet and outstanding projects. The announcement was made on August 28, 2002.

Approximately 120 personnel were hired in conjunction with the transaction.

“We are excited about the addition of Misener Marine to the Orion organization and believe this will strengthen the opportunities for our company and for all our employees throughout the Orion organization”, said Russell Inserra, president of Orion.

Orion has begun consolidating the acquisition into its operations already located on a 10.5 acre, 1,000 foot waterfront marine facility on Tampa Bay. This facility includes a 900-ton dry-dock. Misener will operate from its existing facilities until the transition is complete.

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