AV Capital-backed Encore Dredging Partners completed the acquisition of dredging division assets of RLB Contracting.

AV Capital-backed Encore Dredging Partners, a specialty dredging and marine infrastructure services firm, completed the acquisition of dredging division assets of RLB Contracting, a provider of general contracting services. Financial terms were not disclosed. “The acquisition of the RLB dredging division assets is key to the continued strategic expansion of EDP’s fleet, capabilities, and geographic reach. We are excited to add these productive assets to our existing fleet and to attract experienced dredge operating and maintenance crews to our outstanding team. With this acquisition EDP will establish its Coastal Division based in Texas to serve public and private customers throughout the Gulf Coast," Dwayne Breaux, EDP Chief Executive Officer.