What VERREAULT NAVIGATION does

Groupe Océan is a privately held, Quebec-headquartered maritime services company founded in 1974, operating for 50 years with a workforce of approximately 1,000 maritime specialists. It delivers an integrated portfolio of port tugboat assistance, shipbuilding and repair (including dry dock), barge and work-boat rental, dredging, salvage and maritime towing, and oversized maritime transport. Service delivery is direct to enterprise clients — port authorities, shipping companies, and maritime operators — across Canadian territory with stated ongoing international expansion into the Caribbean. The underlying asset base is the core of the operating model: owned tugboats, barges, work boats, shipbuilding facilities, dry dock infrastructure, and dredging equipment enable cross-workstream crew and asset sharing. Commercial motion is sales-led via direct engagement, supported by a corporate website, social channels (LinkedIn, Facebook, YouTube, Instagram), press/news output, and an employee ambassador and trades-recruitment programme. Revenue mechanics are professional-services style — contract and project-based marine work — with no public pricing disclosure. Note: the queried company name "Verreault Navigation" does not appear in source data; all evidence pertains to Groupe Océan, and the discrepancy is unresolved within the supplied material. In 2024, Groupe Océan announced an evolution of its shareholder structure aimed at accelerating growth, indicating potential new equity involvement or restructuring, though specific terms are not disclosed.

Name

VERREAULT NAVIGATION

Legal name

Groupe Océan

Website

https://verreaultnavigation.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

Groupe Océan is a Quebec-headquartered maritime services company, founded in 1974 with ~1,000 staff, delivering integrated tugboat, shipbuilding and repair, dredging, salvage, barge rental, and oversized transport services to port authorities, shipping lines, and maritime operators across Canada and the Caribbean.

Ownership category

akta.pro rank

Product category

Maritime Services

NAICS

Support Activities for Water Transportation (4883), Navigational Services to Shipping (48833), Ship Building and Repairing (336611)

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Crew Transfer & Workboat Services (Tug-Adjacent Operations) (TLAHAHAM)

akta.pro secondary industries

Coastal/Sea Towage (Long-Distance Towing of Vessels/Barges) (TLAHAHAE), Emergency Towage & Rescue (Refloating, Grounding Response) (IMAJANAB), Landing Craft & Amphibious Workboats (LCM/LCT-style, Beaching Craft) (IMAJADAK)

Keywords

• Port tugboat services
• Shipbuilding and repair
• Barge rental
• Marine dredging
• Maritime towing

Headquarters

HQ city

Les Méchins

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Maritime Services: Integrated maritime services including port tugboat operations, shipbuilding and repair, barge and work boat rental, dredging, salvage and maritime towing, and oversized maritime transport. Services are provided across Canadian territory with operations extending to the Caribbean.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Groupe Océan delivers integrated maritime services to port authorities, shipping companies, and maritime operators across Canada and the Caribbean. The offering spans port tugboat assistance, in-house shipbuilding and repair (with dry dock capabilities), barge and work boat rental with maritime equipment, mechanical dredging, salvage and maritime towing, and oversized maritime transport, all backed by a 1,000-strong maritime workforce operating from owned Quebec-based facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Port Tugboat Operations and Harbour Assistance (Remorquage portuaire) Tugboat assistance and harbour towage services provided to port authorities, shipping companies, and maritime operators to support vessel movements in and out of port across Canada and the Caribbean.
• Shipbuilding and Repair (Construction et réparation navale) In-house ship construction, repair, and refit services delivered from Quebec-based workshops and dry dock facilities, including notable projects such as the Cale Sèche du Félix-Antoine-Savard dry dock. Customers are maritime operators and shipping companies requiring new builds, refits, or vessel maintenance.
• Barge and Work Boat Rental (Location de barges et bateaux de travail) Rental of barges, work boats, and maritime equipment (including the Océan Basque II mechanical dredger and pilot boat) for marine construction and marine logistics projects across Canada.
• Dredging (Dragage) Mechanical dredging services delivered for ports and marine construction clients using owned dredging equipment including the Océan Basque II, supporting harbour maintenance and capital dredging operations.
• Salvage and Maritime Towing (Sauvetage et remorquage maritime) Emergency and planned salvage support and open-water maritime towing services for shipping companies and marine operators in Canadian and Caribbean waters.
• Oversized Maritime Transport (Transport maritime surdimensionné) Transport of oversized and heavy cargo by water using purpose-built units such as catamaran pontoons for clients with marine cargo exceeding road or rail capacity, including bridge span and industrial cargo movements.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Svitzer: Global towage leader (Maersk subsidiary) operating the world's largest harbor towage fleet; broad incumbent reference for towage pricing power and competitive dynamic in port services.
• Boskalis: Global dredging and marine contractor providing dredging, salvage, offshore energy, and maritime services; comparable dredging and salvage capabilities at global scale.

Direct peers

• Atlantic Towing (J.D. Irving): J.D. Irving's marine division providing integrated maritime services including tugboat operations, marine transportation, salvage, and offshore support across Eastern Canada; closest comparable by service mix and Canadian footprint.
• Crescent Towing & Salvage: Gulf Coast tugboat and salvage operator with integrated marine services; comparable service mix in towage and emergency response.
• Moran Towing Corporation: One of the largest U.S. tugboat operators providing harbor towing, barge, and salvage services along the East Coast and Gulf; directly comparable core tug/salvage business.
• Algoma Central Corporation: Canadian marine shipping and ship-owning company operating dry-bulk and tank vessels on the Great Lakes/St. Lawrence; comparable Canadian maritime operator with related vessel and ship-management capabilities.
• McKeil Marine: Canadian integrated marine service provider operating tugboats, barges, and project cargo vessels on the Great Lakes and St. Lawrence; closely comparable business model with similar tug/barge/transports portfolio.

Regional players

• Seaspan Marine: West Coast Canadian marine services operator providing tugboat, barge, and shipyard services primarily in British Columbia; similar integrated services but in a non-overlapping primary geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/groupoceanTV
• Facebookfacebook.com/groupeocean
• LinkedInlinkedin.com/company/groupeocean
• Instagraminstagram.com/groupeocean

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about VERREAULT NAVIGATION