Alberici Corporation has completed an asset purchase of Midwest Foundation.

Midwest Foundation is a specialized marine services company based in Lacon, Illinois. Founded in 1969, they have been mainstay on the U.S. inland waterway system, performing installation of pile foundations, dredging, rip-rap armor, complex construction, repair, maintenance, and demolition projects on a variety of locks and dams, bridges, terminals, and docks for both public and private clients.

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