Gulf Island Fabrication

Gulf Island Fabrication, Inc.

Traded as	Nasdaq:  GIFI S&P 600 Component
Founder	Alden “Doc” Laborde
Headquarters	The Woodlands
Revenue	US$ 303,308,000 (2019)
Owner	IES Holdings
Number of employees	944 (2019)
Website	www.gulfisland.com

Gulf Island Fabrication is an American manufacturer of specialized structures and marine vessels used in the energy sector. it owns seven building yards in Louisiana and Texas and has Bechtel as a partner. ^[1]

The company builds offshore oil and gas platforms, ships and also foundations for offshore wind turbines. ^[2] In addition to building some of the world's largest offshore platforms, ^[2] it also provides maintenance and marine repair services in-shop and out in the field.

History

Based in Houston, Texas, Gulf Island Fabrication was founded by Alden “Doc” Laborde, a World War II Navy commander who later worked the offshore oil and gas industry. In 1985, it took over a bankrupt rival named Delta Fabrication.

In 1997, when it went public, the firm offered 2,000,000 shares, totaling an offering of US$30 million. ^[3] By diversifying its revenue streams to include shipbuilding, it expanded by acquiring the LeeVac Shipyards in 2016, ^[4] generating approximately $112 million incremental contract backlog during the industry crisis. ^[5]

On January 16, 2026, IES Holdings announced that it had completed the acquisition of Gulf Island Fabrication. ^[6]

References

1. "Gulf Island Fabrication teams up with Bechtel". Offshore Energy Today. 25 July 2014.
2. "Louisiana builder is hard at work on R.I.'s offshore wind turbines + Video". Providence Journal.
3. http://ipo.findthecompany.com/l/720/Gulf-Island-Fabrication-Inc ^{[ dead link ]}
4. "Covington's LeeVac Shipyards sells assets to Gulf Island Fabrication for $20 million". 5 January 2016.
5. "Gulf Island Fabrication Subsidiary Will Acquire LEEVAC Shipyard Assets | Hart Energy". 29 December 2015.
6. "IES Holdings Completes Acquisition of Gulf Island Fabrication". The Manila Times. Retrieved 2026-01-16.

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• Should You Worry About The Future Of Gulf Island Fabrication, Inc. (NASDAQ: GIFI)?
• Gulf Island Fabrication, Inc. Reports Second Quarter Earnings Archived 2016-10-05 at the Wayback Machine
• Gulf Island, Carbo warn of possible layoffs affecting nearly 300 workers
• My Thesis on Gulf Island Fabrication Archived 2016-10-05 at the Wayback Machine
• Gulf Island Fabrication Is A (Blunt) Falling Knife
• Gulf Island Fabrication wins foundation work for first U.S. offshore wind farm
• Gulf Island Fabrication CEO sees boom potential in Gulf of Mexico shallow water

External links

• Official site