J.F. Brennan Company announces the asset acquisition of New England-based Specialty Diving Services Inc (SDS). The acquisition combines two established union companies that specialize in commercial diving and heavy marine construction.
Founded in 1986, SDS is headquartered at the Port of Davisville in North Kingstown, R.I. Brennan’s new SDS location has an office, shop, yard, dock facility, and 28 team members. The acquisition enables Brennan to establish another strategic location in the New England area, a reputable client list, and a local workforce of experienced marine professionals, according to a press release.
“We are ecstatic to introduce Specialty Diving Services as the latest addition to the Brennan organization,” said Brennan Vice President of Business Development Mark Binsfeld. “SDS has built a great reputation throughout New England as a top-notch marine construction and commercial dive contractor. SDS and Brennan have many similarities, from the types of work that we pursue to the corporate culture we work hard to keep. It’s a terrific fit.”
The previous SDS Owner Nick Tanionos will stay on board with Brennan to ensure a seamless transition. “As owner of SDS I could not imagine a more perfect fit for my former company than to join forces with J.F. Brennan Company. I am blessed and humbled to be part of a great family-based corporation,” said Tanionos.
Together, SDS and Brennan leadership will continue to work towards Brennan’s company mission: To create and execute innovative solutions to the world’s most complex maritime, environmental, and infrastructure challenges.
“The addition of our friends at SDS increases our commitment to safely executing highly sophisticated environmental remediation and marine infrastructure improvements across this country. We eagerly anticipate the weeks and months ahead as we more fully integrate SDS and Brennan. We are in exciting times, and this is a wonderful step forward,” said Brennan President and Chief Executive Officer Matt Binsfeld.
Brennan is a fourth-generation, family-owned company specializing in environmental remediation and marine construction services throughout waterways of the U.S. since 1919.