Shipbuilding and engineering design firm Gibbs & Cox on Wednesday said it has acquired Naval architecture and marine engineering services firm Donald L. Blount and Associates, Inc. (DLBA), increasing its capabilities and continuing its expansion into commercial markets.
Terms of the deal were not disclosed.
“With this key strategic acquisition, Gibbs & Cox continues our strategy aligned to provide high performance marine craft solutions to our military and paramilitary clients, as well as continued expansion of our commercial market areas in engineering, design and construction management of vessels including mega yachts, commercial craft, and production boats,” Rick Biben, chief executive of Gibbs & Cox, said in a statement.
Gibbs & Cox “will continue to identify and pursue other candidate companies to further expand our vision,” Biben added.
Don Blount, president of DLBA, said that merging with Gibbs & Cox “will provide our clients with the assurance of new technology application and expert staff reach-back from one of the largest, premier naval architecture and marine engineering firms in the world.”
Virginia-based DLBA serves commercial and government clients worldwide.