Orion Group Holdings

What Orion Group Holdings does

Orion Group Holdings, Inc. (NYSE: ORN) is a Houston-based heavy civil and marine construction contractor that delivers integrated infrastructure projects for federal, state and private-sector clients across the contiguous United States, Alaska, Hawaii, Canada and the Caribbean. The company operates through three segments: Marine (port and terminal construction, dredging, marine pipelines, environmental restoration, commercial diving and specialty services); Concrete (place-and-finish, site prep, forming, rebar and turnkey concrete construction for data centers, healthcare, education, retail, hospitality and commercial/industrial facilities, including sustainability-engineered mixes such as reduced-cement fly ash and Portland Limestone Cement concrete); and Engineering & Consulting, delivered through its 2011-acquired Schneider Engineering & Consulting subsidiary, which provides planning, design, permitting and Engineer-of-Record services for marine structures. Revenue is generated on a project-by-project basis through competitive bidding for government work and direct negotiation for private commercial work, recognized over time using percentage-of-completion accounting; FY2025 revenue was $852 million (up 7% YoY) with 2026 guidance of $900-$950 million and Adjusted EBITDA guidance of $54-$58 million.

The company combines an owned specialized asset base — over 60 spud barges, a multi-type dredge fleet (cutter suction, portable and mechanical dredges), tug and push boats, cranes, and concrete-specific equipment — with a nearly 100-year marine legacy, Lost Time Incident Rate of 0.13 versus an industry average of 2.3, and multi-regional offices enabling localized bidding and execution. Customer concentrations include the U.S. Army Corps of Engineers, U.S. Navy, NASA, ExxonMobil, Targa, Golden Pass LNG, Carnival, Royal Caribbean, Buc-ee's, Academy Sports, Rice University, and a growing roster of hyperscaler data-center developers. Distribution is exclusively direct, project-based enterprise sales supported by a formal Strategy & Growth organization; the company does not use channel partners or third-party resellers.

The current strategic posture — led by CEO Travis Boone (joined 2022 ex-AECOM) and CFO Alison Vasquez (joined 2025 ex-KBR) — focuses on operational discipline, margin recovery and accretive M&A, exemplified by the February 2026 acquisition of J.E. McAmis, Inc. for approximately $60 million, which added a $1.4 billion project pipeline primarily serving the U.S. Army Corps of Engineers. Capital structure is investment-grade-conservative with 1.5x net leverage, a new $120 million UMB Bank senior credit facility (December 2025), and a quoted $24 billion forward opportunity pipeline — the largest in the company's operating history.

Name

Orion Group Holdings

Legal name

Orion Group Holdings, Inc.

Website

https://oriongroupholdingsinc.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Orion Group Holdings (NYSE: ORN) is a Houston-based heavy civil and marine construction contractor serving federal agencies, energy companies, cruise operators and hyperscaler data-center developers through three segments — Marine, Concrete, and Engineering & Consulting — across the U.S., Alaska, Hawaii, Canada and the Caribbean.

Ownership category

akta.pro rank

Product category

Marine and Heavy Civil Construction Services

NAICS

Engineering Services (541330), Engineering Services (54133), Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Marine Piling & Deep Foundations (Jetties, Dolphins, Moorings) (IMAFAJAE)

akta.pro secondary industries

Civil & Structural Engineering Consulting (BPAHAIAA), Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

Keywords

• Marine construction services
• Concrete construction services
• Dredging services
• Heavy civil construction
• Marine engineering consulting

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Marine Construction Services: Project-based revenue from marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways/channels/ports, environmental dredging, design and specialty services. Revenue recognized over time using percentage-of-completion method based on project progress.
2. Concrete Construction Services: Turnkey concrete construction services including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural and other associated business areas. Revenue recognized over time as projects are completed.
3. Engineering & Consulting Services: Planning, design, permitting services, and serving as Engineer of Record for marine structures and related infrastructure. Turnkey design-build services offered for marine and civil engineering projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Orion Group Holdings is a specialty construction company delivering turnkey marine, concrete, and engineering & consulting services across the U.S., Canada, and Caribbean. The Marine segment provides heavy marine construction, dredging, commercial diving, bridges, pipelines, and environmental restoration. The Concrete segment provides place and finish, site prep, layout, forming, and rebar placement for commercial, industrial, data center, healthcare, education, and retail projects. The Engineering & Consulting segment (Schneider Engineering & Consulting) provides marine and civil engineering, planning, design, permitting, and Engineer of Record services, including turnkey design-build delivery.

Product overview

Orion Group Holdings operates as a specialty construction company with three integrated operating segments: Marine, Concrete, and Engineering & Consulting. The Marine segment provides heavy marine construction, dredging, diving, and environmental restoration services. The Concrete segment delivers turnkey commercial and industrial concrete construction including data center facilities. The Engineering & Consulting segment (Schneider Engineering & Consulting) offers marine and civil engineering, planning, design, and permitting services. Together, these segments provide one-source solutions for mission-critical infrastructure projects across marine, concrete, and engineering disciplines.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Construction Services

Quantifiable outcome

• Lost Time Incident Rate (LTIR) of 0.13 compared to industry average of 2.3 - 94% better than industry norm
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• ACT Capital AdvisorsminorImplementation/ SI/ Consulting Partner · 1 February 2026ACT Capital Advisors represented J.E. McAmis Inc. in its sale to Orion Group Holdings, acting as the sell-side M&A advisor facilitating the approximately $60 million acquisition transaction.
• Small Business Partners (Think Partnerships Program)minorStrategic or Co-development PartnerThink Partnerships initiative investing in relationships with small businesses to strengthen supply chain, bring innovative solutions, and deliver shared success. Partners include firms with SBE, MBE, WBE, VBE, and DBE certifications for diverse business participation.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Great Lakes Dredging & Dock Corporation: Direct peer in marine construction, particularly dredging services for ports, harbors, and coastal infrastructure. Both serve U.S. Army Corps of Engineers and operate Jones Act-protected dredge fleets, competing for similar federal marine construction contracts.
• Granite Construction Incorporated: Heavy civil contractor with overlapping marine infrastructure, transportation, and large-scale site development capabilities. Competes for similar government infrastructure contracts and shares exposure to water resources and coastal construction projects.
• MasTec, Inc. Infrastructure construction company serving energy, utility, and communications markets with specialty construction capabilities. Orion's Chairman Austin Shanfelter is former MasTec CEO, and there is overlap in specialty infrastructure project execution.
• Sterling Infrastructure, Inc. Heavy civil, transportation, and infrastructure solutions company with comparable project-based services. Competes in similar end markets including transportation infrastructure, marine terminals, and specialty concrete construction.
• Manson Construction Co. Marine construction and dredging contractor that competes directly with Orion's marine segment. Andrew Mannino, Orion's SVP Atlantic, previously worked at Manson, illustrating direct talent and competitive overlap.

Broad incumbents

• AECOM: Global engineering and infrastructure consulting firm where Orion's CEO Travis Boone spent 23 years. Competes with Schneider Engineering & Consulting for marine/civil engineering design work and represents a potential acquirer or partner.
• Tutor Perini Corporation: Large diversified construction company with marine, civil, and specialty construction segments. Competes for large federal and private infrastructure contracts similar to Orion's project portfolio.
• Quanta Services, Inc. Specialty infrastructure solutions provider for electric, gas, telecom, and renewable energy. While not a direct marine peer, shares specialty construction model and exposure to large infrastructure projects benefiting from federal spending.

Regional players

• Dycom Industries, Inc. Specialty contracting services provider focused on telecom infrastructure. While primarily telecom-focused, shares the specialty construction services model and competes for skilled labor in similar markets.

Emerging players

• Matrix Service Company: Specialty contractor serving energy and industrial markets with storage, processing, and construction services. Comparable scale and project-based model with overlap in energy infrastructure construction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/OrionGroupInc
• LinkedInlinkedin.com/company/orion-group-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orion Group Holdings