Owner Frank Foti Founded 2000 Number of locations 7 Areas served Pacific Northwest, Alaska | Website VigorIndustrial.com Number of employees 1,800 Type of business Private | |
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Industry Shipbuilding and Shiprepair Area served Pacific Northwest and Alaska Revenue $400 million to $500 million (2013) Headquarters Portland, Oregon, United States Subsidiaries Vigor Shipyards, Oregon Iron Works | ||
Vigor Industrial is an American shipbuilding, shiprepair, and industrial service provider in the Pacific Northwest and Alaska. Based in Portland, Oregon, the company consists of several subsidiary companies for a combined total of seven facilities with ten drydocks, more than 17,000 feet of pier space, and over 2,000 employees.
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History
In the Northwest the company history goes back nearly 100 years, with Todd Pacific in Washington and Kaiser Shipyard in Oregon. In 1916 the Harbor Island facility in Seattle began operations as Todd Pacific Shipyards. In 1942 the Swan Island facility in Portland began operations as Kaiser Shipyards. In 1995, Vigor Industrial owner, Frank Foti bought Cascade General on the verge of bankruptcy from its previous owners, operating on leased space from the Port of Portland shipyard. With funding from the then-publicly traded Cammell Laird PLC in the UK, Transamerica Capital and Heller Capital, the Swan Island facility was purchased from the port in 2000 and the name Vigor Industrial was established. In 2002, Vigor Industrial expanded operations to Port Angeles, WA with its subsidiary Washington Marine Repair. In 2010, purchased Marine Industries Northwest (MINI) in Tacoma, WA. In 2011 they purchased Todd Pacific's operations in Seattle, Bremerton, and Everett. In 2012 they acquired Alaska Ship & Drydock in Ketchikan, Alaska.
In May 2014, the company announced that it was merging with Oregon Iron Works, another manufacturer based in the Portland area. Although both companies referred to it as a "merger", the deal made Oregon Iron Works a division of Vigor, a wholly owned subsidiary.
In March 2015, Vigor Industrial acquired Seattle-based aluminum workboat manufacturer Kvichak Marine Industries.
Vigor Industrial companies
Vigor Industrial has several subsidiary companies which each focus on different specialties:
Facilities
Vigor Industrial has five Washington locations in Seattle, Tacoma, Everett, Bremerton and Port Angeles. They also have locations in Portland, Oregon and Ketchikan, Alaska. The seven facilities have a combined total of 10 drydocks and more than 17,000 feet in pier space and detailed in the table below.