A subsidiary of LEEVAC Shipyards LLC has completed its acquisition of substantially all assets of Quality Shipyards Inc. in Houma from Tidewater Marine LLC.
The acquisition by LEEVAC Shipyards Houma LLC includes 35 acres of industrial property located on 2,500 feet of waterfront along the intracoastal waterway, four drydocks, 100,000 square feet of covered production facilities and several large track cranes.
Christian Vaccari, president and chief executive officer of LEEVAC, noted that LEEVAC’s core business is ship construction and ship repair, while Tidewater’s primary business is the ownership and operation of offshore service and supply vessels.
Three years ago, LEEVAC entered into the repair business with the opening of its Lake Charles location.
“The Houma facility is located closer to many of the shore-based operations of our customers who operate in the Gulf of Mexico and inland waterways and also provides us some geographic diversification for our repair business. Additionally, we plan to make investments in the facility that will allow us to expand our new construction business.”
Larry Vauclin will be vice president and general manager of LEEVAC Shipyards Houma. He previously served as vice president of the central division at Bollinger Shipyards Inc. and at one time managed Quality Shipyards in Houma.