ORN - Orion Group Holdings Inc. Rebrands TAS Concrete Construction to Orion | Benzinga
HOUSTON, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced the rebranding of its subsidiary TAS Concrete Construction ("TAS") as Orion. This move reflects the Company's strategic initiative to integrate its different service offerings under one banner to leverage Orion's brand reputation and to deliver greater value and seamless execution for its customers.
TAS Concrete Construction was acquired by Orion Group Holdings, Inc. in 2015 and has continued to operate under the TAS name until now. The Company's concrete segment, formerly known as TAS, and its marine segment will now operate together under the Orion name providing its customers with a single source for specialty construction and engineering.
"By unifying under the Orion banner, we will have a more recognizable presence in the national market, enhancing our brand and market opportunities. This integration will unlock new potential for growth, foster collaboration across teams, and support our mission to deliver high-quality solutions with predictable excellence," said Travis Boone, Chief Executive Officer of Orion Group Holdings, Inc.
Through the fourth quarter 2023 and January 2024, Orion was awarded $244.2 million in new contracts, including $38.7 million for a beach stabilization project in Texas and $24.1 million for dredging work in Louisiana.
About Orion Group Holdings, Inc.
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off ...