Orion Group's $100M Contracts Spotlight Growth in Construction
Orion Group Holdings Secures $100 Million in New Contracts
Orion Group Holdings, Inc. (NYSE: ORN), a premier specialty construction company, recently announced significant new contract awards totaling approximately $100 million within its Marine and Concrete segments. This achievement underscores the company’s dedication to excellence and its expanding business development efforts in the construction industry.
Remarks from Management
Travis Boone, the Chief Executive Officer of Orion Group Holdings, expressed pride in securing these contracts, emphasizing the trust built with partners. "These honors reflect the hard work and dedication of our team, who remain committed to the highest standards of safety and quality in our operations," Boone remarked. He noted that these achievements highlight Orion's long-standing relationship with clients, particularly at Port Tampa Bay, where Orion has consistently delivered essential maintenance and new construction projects.
Boone elaborated on the growth in the Concrete business, indicating a robust demand fueled by the next phase of a significant data center initiative and various projects in their home state. "Our strong reputation and diversified project pipeline position us well for continued growth,” he added.
Details of New Contracts
In its latest achievements, Orion’s Marine business secured contracts worth $67 million. A major highlight is their work with Weyerhaeuser Company on the Longview Export Dock Replacement project. This substantial undertaking involves replacing an aging timber Berth A structure with a modern concrete solution backed by large-diameter steel pipe piles, ensuring the project meets safety and operational standards. Scheduled to begin in the third quarter of 2025, this project will span approximately 12 months.
Also, Orion Marine has been awarded two new contracts with the Port of Tampa Bay. The first contract is a critical 3-year maintenance dredging project set to commence in September 2025. The second project involves the Port Redwing Berth 301 Wharf, designed to accommodate the increasing demand for shipping and construction materials in the rapidly growing Tampa Bay area.
New Projects Across the Concrete Sector
Orion Concrete has recently secured $33 million in new contract awards, which include important projects such as a data center in Iowa and the Harris County Sheriff’s Office Complex in Houston, where Orion serves as a subcontractor for Durotech, Inc. Additionally, they have been awarded foundational work for a cold storage facility for U.S. Foods, all commencing in the third quarter of 2025, with an expected duration of one year. Furthermore, Orion will begin a contract with the City of Ingleside for a wastewater treatment plant, working alongside Associated Construction Partners, with expectations to start in December 2025.
Recognition of Executive Leadership
The success of Orion Group is also illustrated through the recent accolades awarded to its executive team. CEO Travis Boone has been acknowledged as a finalist for the EY Entrepreneur of The Year 2025 Gulf South Award. This recognition celebrates exemplary business leaders who are pioneering change and growth across various industries.
Additionally, Chip Earle, Orion’s General Counsel, earned the Lexology North America Award for outstanding contributions in the construction sector. The honor reflects the high caliber of legal expertise present within Orion’s leadership team, recognized for influencing important legal practices within the industry.
About Orion Group Holdings
Headquartered in Houston, Texas, Orion Group Holdings, Inc. specializes in providing excellence in construction services across the infrastructure, industrial, and building sectors. With operations extending throughout the continental United States, including Alaska and Hawaii, as well as parts of Canada and the Caribbean, the company is well positioned to serve its clients effectively. Orion's marine segment focuses on construction and dredging services pertaining to transportation facilities and environmental structures, while its concrete segment offers comprehensive turnkey concrete construction services for large commercial and structural projects.
To discover more about Orion Group Holdings, please visit the company's official website.
Frequently Asked Questions
What types of projects did Orion Group secure recently?
Orion Group recently secured contracts primarily in the Marine and Concrete segments, totaling $100 million, including notable projects such as the Longview Export Dock Replacement and various concrete initiatives.
How does Orion Group ensure safety on their projects?
Orion Group prioritizes high safety standards across all operations, demonstrating commitment through ongoing training and adherence to best practices in construction safety.
Where is Orion Group Holdings based?
Orion Group Holdings is headquartered in Houston, Texas, with operational reach across various regions, including the continental United States, Alaska, Hawaii, and parts of Canada.
What recognition has the company’s leadership received?
The leadership team, including CEO Travis Boone and General Counsel Chip Earle, has recently received accolades for their contributions to the construction industry, reflecting their innovation and excellence.
How does Orion Group adapt to market demand?
The company actively expands its project pipeline to meet market demands, focusing on customer relationships and adapting services based on industry needs and trends.
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