Shaw Acquires Coastal Planning & Engineering, Inc.

Shaw Acquires Coastal Planning & Engineering, Inc. Acquisition Expands Company s Water Resources and Ports and Harbors Expertise BATON ROUGE, La. , Mar 08, 2011 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE: SHAW) today announced it has acquired Coastal... More

Shaw Acquires Coastal Planning & Engineering, Inc. Acquisition Expands Company s Water Resources and Ports and Harbors Expertise BATON ROUGE, La. , Mar 08, 2011 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE: SHAW) today announced it has acquired Coastal Planning & Engineering Inc. (CPE), a leader in coastal engineering and restoration, in an all-cash transaction valued at approximately $26 million. Based in Boca Raton, Fla. , CPE s full range of services includes coastal modeling, oceanographic measurements, marine biology, geotechnical surveys, hydrographic surveys and marine geology. CPE s 27-year history of coastal projects includes beach nourishment and island restoration following hurricanes and other erosion, offshore sand inventory and ship maneuvering studies for new and existing ports. The company has worked with Shaw on multiple coastal engineering projects, including the most recent sand berm project for the state of Louisiana. Additionally, this acquisition includes a Less