The tunnel flooded, in turn flooding the basements of many buildings in downtown Chicago the event is commonly known as the Chicago Flood. In 1992, a barge operated by GLD&D was driving new pilings for the Kinzie Street Bridge in Chicago when it accidentally punched into an unused service tunnel passing beneath the river at that point. Madison sold the last of its shares in 2009. Aldabra in turn changed its name to Great Lakes Dredge and Dock. It was spun off a publicly traded company on NASDAQ in 2006 after the Madison's special-purpose acquisition company Aldabra Acquisition Corp merged with it. From 1985 to 1998, GLI was acquired by several companies to include ITEL Corporation, Blackstone Dredging Partners and Vectura Holding Company ( Citigroup) until being purchased by Madison Dearborn Partners in 2003 for $340 million. (GLI) was included as a holding company for GLD&D. After the Second World War, GLD&D participated in extensive oil-related dredging in the Gulf of Mexico. ĭuring the Second World War, GLD&D constructed the MacArthur Lock. Between 19, GLD&D undertook major projects such as the Sabin Lock, straightening of the Chicago River west of the Chicago Loop, the Michigan Avenue Bridge, foundation landfill and reclamation of the area where the Adler Planetarium & Astronomy Museum, Soldier Field, Meigs Field and Field Museum of Natural History stand today in Chicago and harbor work for the Naval Station Great Lakes. It was renamed the Great Lakes Dredge and Dock Company (GLD&D) in 1905.

The company soon had satellite operations throughout the Great Lakes.

Early projects included the shoreline structures for the Chicago's Columbian Exposition. Drews and was named Lydon & Drews dredging company. The company was founded in 1890 as the partnership of William A. History US Vice President Joe Biden aboard Dredge 54 on the Delaware River in Philadelphia, 2014 It is currently based in Oak Brook, Illinois, but in October 2020 the company announced the move of its corporate headquarters to Houston, Texas. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States.

Great lakes dredge and dock salary