Matthews Brothers Dredging Announces Planned Executive Leadership Transition

Matthews Brothers Dredging, LLC ("Matthews Brothers" or the "Company"), a leading provider of maintenance dredging solutions throughout the Gulf Coast, is pleased to announce its planned strategic leadership expansion that positions the Company for continued long-term growth and operational excellence.

Effective July 1, Trey Taylor will elevate to the position of Chief Executive Officer ("CEO"). Mr. Taylor is a long-tenured member of the Company's leadership team, having played an integral role in the Company’s tremendous growth since joining. His experience encompasses all aspects of sales, operations, safety, and executive leadership, positioning both he and the Company for a seamless transition into its next phase of innovation and growth.

Preceding Trey as CEO is Declan Rushe, an Operating Partner with the Company's sponsor, Carr's Hill Partners. Having joined the Company in 2023, Mr. Rushe will transition to a new role advising the Company's Board of Directors. Under his leadership, Matthews Brothers has expanded its market presence, deepened its "safety-first" culture, expanded its fleet, strengthened its operational performance, and driven other key initiatives that have positioned the Company for continued success. The Company extends its deepest gratitude to Declan for his significant contributions and looks forward to continuing to benefit from his guidance as a Board advisor.

Matthews Brothers' success is rooted in the foundation established by its Co-Founders, Tom and Shaw Matthews. For more than two decades, Tom and Shaw provided the vision and leadership that established Matthews Brothers as a respected force in the industry. Both remain tremendous supporters of the business as active members of the Board of Directors. Shaw Matthews, currently President of the Company, will transition to focus exclusively on his Board involvement. The Company expresses its heartfelt appreciation for Tom and Shaw's extraordinary leadership and continuing impact on the Company and the industry as a whole.

Declan, Tom, and Shaw will continue to actively guide the Company into its next phase of growth from their Board-related positions, ensuring Matthews Brothers remains focused on long-term strategic priorities and the values that have defined its success.

"This leadership transition reflects the strength of our team and our shared commitment to Matthews Brothers' future," said Trey Taylor. "I am honored to step into this role and build on the outstanding work of Declan, Tom, and Shaw. Together, we will continue to serve our clients, invest in our people, and expand our impact in the industry."

Matthews Brothers remains dedicated to delivering exceptional service and results to clients, with a steadfast focus on safety, sustainability, and innovation.

About Matthews Brothers Dredging

Founded in 1999, Matthews Brothers is a leading marine infrastructure services business, providing maintenance dredging services for private and public customers throughout the United States Gulf Coast. The Company has developed an innovative approach to mechanical dredging, providing a cost-effective, operationally efficient service characterized by productivity and reliability. For more information, visit www.mbdllc.net.

About Carr’s Hill Partners

Carr’s Hill Partners is a New Orleans-based private equity firm focused on family- and founder-owned businesses in the industrial and infrastructure services sectors along the Gulf Coast. The firm takes a growth-minded approach to investing, combining capital, operational expertise, sector knowledge, and regional insights to create lasting value. For more information, visit www.carrshillpartners.com.

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"This leadership transition reflects the strength of our team and our shared commitment to Matthews Brothers' future," said Trey Taylor.