LAKESHORE TOWING COMPLETES PURCHASE OF MARINE SERVICES OF ERIE

Lakeshore Towing Services announced today that they have completed the acquisition of the assets Marine Services of Erie in a deal that closed Wednesday. The deal includes a 26' foot tug, LOW BIDDER, a 50' crane barge, another crane and various other pieces of marine construction equipment.

The purchase allows Lakeshore Towing to expand its marine construction abilities by adding the new cranes and barge to the fleet. LOW BIDDER becomes the fifth vessel in Lakeshore's fleet, and the 50' crane barge becomes the fifth barge in the fleet.

After a minor refit, LOW BIDDER is expected to enter service almost immediately. The vessel will have its wheelhouse painted red while retaining its black hull. A name change is not expected for the vessel.

Lakeshore Towing is Erie's source for marine construction and marine towing. The company also runs Wolverine Park Marina and the fuel dock at Presque Isle Marina. Current projects include construction of a boat lift at Niagara Pier and work at Bay Harbor Marina. For more information on the company, visit their website.

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LOW BIDDER working on the Erie Water Authority intake cribs off of Beach 2 on October 13, 2008.


The purchased barge is shown working on that day.