Investment Banking
Financial Advisor to Orion Group Holdings, Inc on its acquisition of J.E. McAmis Inc.
February 05, 2026
Oppenheimer & Co. Inc. acted as Financial Advisor to Orion Group Holdings, Inc on its acquisition of J.E. McAmis Inc.
On February 4th, 2026, Orion Group Holdings, Inc. (“Orion”) (NYSE: ORN), a leading specialty construction company, announced that it has acquired J. E. McAmis, Inc. and JEM Marine Leasing LLC (together, “J.E. McAmis” or “McAmis”), for approximately $60 million, net of cash acquired. J.E. McAmis has a proven track record for delivering complex marine construction projects in challenging environments with work spanning jetty and breakwater construction, dredging, environmental restoration, and dam and spillway construction. With a highly skilled leadership and operations team, JEM has consistently posted high margin growth over the last several years and has been successfully executing projects primarily in Washington and Oregon and also Canada, Florida, Alaska and Hawaii. JEM maintains strong client relationships with the U.S. Department of Defense and U.S. Army Corp of Engineers, a robust $1.4 billion pipeline of opportunities, and a broad portfolio of marine and real estate assets valued at $34 million.
The transaction consideration will consist of $46 million in cash, net of cash acquired, funded through borrowings under Orion’s credit facility; $12 million, 5-year subordinated promissory note bearing interest at 6% per annum and $2 million in Orion common stock. Additional contingent consideration includes $10 million on profit earned on projects in backlog plus 40% of profit on select near-term pursuits.
The acquisition of J.E. McAmis advances Orion’s long-term strategic growth plan and fortifies Orion’s competitive position ahead of significant marine opportunities on the horizon. Additionally, the J.E. McAmis addition strengthens Orion’s marine construction business with best-in-class jetty and breakwater construction capabilities with a proven track record in complex project delivery and enhances Orion’s equipment fleet with strategic, Jones Act marine assets.
Read the press release: Orion Completes Acquisition of J. E. McAmis, Strengthening Heavy Marine, Jetty and Breakwater Construction Capabilities – Orion Group Holdings, Inc.
Industrials Investment Banking Team
Name:
James Keckler
Title:Managing Director, Infrastructure Products & Services
Name:
Kevin Sullivan
Title:Director
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