Brodsky & Smith Investigating Great Lakes Dredge & Dock Sale

Law firm looking into potential breaches of fiduciary duty in $1.5 billion deal

Published on Feb. 11, 2026

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The law office of Brodsky & Smith has announced an investigation into the proposed $1.5 billion sale of Great Lakes Dredge & Dock Corporation to Saltchuk Resources. The investigation will focus on whether the Great Lakes Board of Directors breached its fiduciary duties to shareholders by failing to conduct a fair process and ensure the deal provides fair value.

Why it matters

Great Lakes Dredge & Dock is a major player in the dredging and marine construction industry, so this proposed acquisition represents a significant consolidation in the sector. Shareholders will want to ensure they are receiving a fair price for their shares, especially given the large size of the transaction.

The details

Brodsky & Smith is investigating whether the Great Lakes Board breached its fiduciary duties to shareholders in negotiating the $17 per share all-cash deal with Saltchuk Resources, which values the company at approximately $1.2 billion in equity and $1.5 billion in total transaction value. The law firm is looking into whether the Board conducted a fair process to maximize shareholder value.

  • The proposed acquisition was announced on February 11, 2026.

The players

Great Lakes Dredge & Dock Corporation

A major player in the dredging and marine construction industry, which has agreed to be acquired by Saltchuk Resources for $1.5 billion.

Saltchuk Resources

The company that has agreed to acquire Great Lakes Dredge & Dock Corporation for $1.5 billion.

Brodsky & Smith

A litigation law firm that has announced an investigation into the proposed acquisition of Great Lakes Dredge & Dock by Saltchuk Resources.

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What they’re saying

“The investigation concerns whether the Great Lakes Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.”

— Jason L. Brodsky, Attorney (Newsfilecorp)

What’s next

Brodsky & Smith will continue its investigation into the proposed acquisition to determine if the Great Lakes Board breached its fiduciary duties to shareholders.

The takeaway

This investigation highlights the importance of ensuring that shareholders receive fair value in major corporate transactions, especially when dealing with a large acquisition like this one involving Great Lakes Dredge & Dock.