01 Jun Shimmick Sells Tracy Equipment Yard to Streamline Operations
As part of its operational streamlining strategy, Shimmick sold its Tracy Equipment Yard in Q2 2024. Proceeds from the sale were used to reduce debt and reinvest in core capabilities.
This divestiture supports the company’s leaner, more focused business model and frees up resources to support growth in higher-margin infrastructure markets like water treatment, energy transition, and transportation.
The move is part of a broader post-IPO transformation effort to strengthen financial health and ensure efficient use of capital in service of long-term strategy.