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News Update

Shaw acquires Coastal Planning & Engineering

Staff report

The Shaw Group Inc. acquired Coastal Planning & Engineering Inc. in an all-cash transaction valued at approximately $26 million.

Based in Boca Raton, FL, CPE\'s 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. Shaw\'s own coastal experience includes strategic planning, design, construction and project monitoring in various coastal terrains, including Louisiana and Florida.

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