[citation needed] Lake Union Dry Dock Company was founded by Otis Cutting and John McLean in 1919 to build and service watercraft vessels.

Inspired by Henry Ford's assembly line, Mooney implemented repeatable manufacturing processes to produce a stock cruiser, the Lake Union Dreamboat, to achieve a price point more accessible to yachting enthusiasts.

[citation needed] Operating under the name Associated Shipbuilders in a joint venture with the nearby Puget Sound Bridge and Dredging Company on Harbor Island, a small number of yard minesweepers were built for the United States Navy.

The post WWII era was lean, but the abundant market for of ship repairs and dedication to craft enabled Lake Union Dry Dock Company to thrive.

Capitalizing on the opportunity to maintain wooden minesweepers, Lake Union Dry Dock Company assembled vessel-specific tooling and established craft training to service sophisticated componentry.

In 1990, after the Invasion of Kuwait, the US Navy enlisted Lake Union Dry Dock Company to prepare the Seattle-based Minesweeper Offshore (MSO) fleet for transit to the Persian Gulf.

In need of 70 shipwrights, who were difficult to recruit by 1990 due to changes in the labor market, Lake Union Dry Dock Company had to search Washington, Oregon, California, Alaska and British Columbia to assemble an appropriately skilled team.

[citation needed] Lake Union Dry Dock Company, in its 103rd year of business in 2019,[8] remained a full-service shipyard specializing in vessel repair and conversions.