Wepfer Marine, Inc.

Wepfer Marine, Inc., a Memphis, Tennessee-based for-profit Subchapter S corporation, performs drydock repair and vessel maintenance services exclusively for federal agencies as a prime contractor on total small business set-asides, operating its own shipyard facility with no subcontractor involvement. The company specializes in 65-foot to 130-foot class Coast Guard cutters and barges, delivering hull plating inspection and renewal, propulsion system overhauls, tank cleaning and preservation, rudder and propeller servicing, cathodic protection work, and emergency power system installation.

The company's customer concentration is extreme and single-agency dependent: the Department of Homeland Security U.S. Coast Guard accounts for 198 of 211 awards (94% of awards) and $55.2 million of the $80 million combined potential value (69% of dollars). The Department of the Army Corps of Engineers holds nine awards ($20 million potential value), anchored by a $20 million blanket purchase agreement awarded May 31, 2024, running through May 30, 2029, that the Coast Guard uses for fleet maintenance. Two Army Corps of Engineers engineering districts (Memphis and Vicksburg) account for $800 thousand in additional potential value. No other federal customer represents material activity.

Recent representative prime contracts span definitive contracts and indefinite-delivery vehicles. The $849,528 definitive contract awarded August 25, 2026, to the Coast Guard covers drydock repairs to USCGC CHEYENNE (WLR-75405), a 75-foot inland river buoy tender homeported in St. Louis, under a total small business set-aside firm fixed-price structure. A $1.4 million firm fixed-price definitive contract awarded June 3, 2024, covers drydock repairs to USCGC CHIPPEWA and an associated barge. Three single-award indefinite-delivery contracts, each with ceilings between $838 thousand and $897 thousand and awarded between May and August 2026, authorize Coast Guard drydock repairs on USCGC SCIOTO, CGC GASCONADE, and CGC MUSKINGUM respectively, all under total small business set-asides. The broader portfolio stretches back to 1987, with 225 total awards and $65.1 million obligated (81% of potential value).

Activity has grown recently: from one award in 2022 to nine in 2026 year-to-date, with four and six awards respectively in 2025 and 2024. The recompete cliff is minimal—only one award ($850 thousand potential value) reaches ultimate completion within the next twenty-four months, indicating stable contract continuity. SCI-reported invoicing on federal service contracts above the $150,000 threshold shows $2.9 million in FY2022, $3.4 million in FY2023, and $4.4 million in FY2024, with an associated federal workforce scale of 5.5 FTEs, 8.8 FTEs, and 10.9 FTEs respectively. On SCI-reportable prime contracts, government-paid hourly rates run a median of $182.14 per hour, with senior labor reaching $285.35 per hour at the 90th percentile. The vendor performs all work in-house; across SCI-reportable prime contracts, the average sub-hours share is zero percent, with no named subcontractors in the portfolio. Wepfer Marine's NAICS concentration is 336611 (Ship Building and Repairing) across 127 awards, and PSC concentration is Non-Nuclear Ship Repair (East) across 150 awards.