Seattle & Northwest + Portland + Industrial | May 17, 2023

The Greenbrier Companies has sold its Gunderson Marine operations in Portland, OR to Oregon Green Manufacturing

Greenbrier Sells Gunderson Marine Operations in Portland

The Greenbrier Companies, Inc., based in Lake Oswego, OR, has completed the sale of its Gunderson Marine operations to Oregon Green Manufacturing, LLC (OGM). Gunderson Marine operates within a 58-acre industrial waterfront site in Portland, which OGM has acquired. The acquisition by OGM preserves approximately 300 family-wage jobs at Gunderson.

OGM plans to continue operations at Gunderson Marine, the vessel fabrication business that Greenbrier resumed on Front Avenue in Northwest Portland in 1995. Vessel building had previously occurred on the site from 1947-1985. The location has a history of more than 100 years, starting as a steel fabricator before transitioning to freight railcar and marine barge manufacturing.

The parties entered a non-competition agreement regarding Greenbrier’s core business of freight railcar-related products and services but otherwise did not disclose the terms of the transaction. Greenbrier previously announced the cessation of railcar manufacturing activity at the facility.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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