Arctic Slope Regional Corporation Announces New Acquisition
Restoration Services, Inc. is now part of the ASRC family of companies
Arctic Slope Regional Corporation (“ASRC”) is pleased to announce the acquisition of Restoration Services, Inc. (“RSI” or “the Company”) by our wholly-owned subsidiary ASRC Industrial Services, LLC (“AIS”). Headquartered in Oak Ridge, Tennessee RSI was founded 20 years ago and provides a variety of environmental services, including: regulatory strategy, comprehensive characterization, long-term stewardship, project controls and beneficial site reuse. The Company serves both federal and commercial customers throughout the continental United States.
“On behalf of ASRC’s board of directors, I am pleased to welcome RSI’s talented workforce to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “The acquisition of RSI demonstrates ASRC’s commitment to growing our industrial services’ offerings to provide opportunities for our employees and benefits to our customers and shareholders.”
“The acquisition of RSI is a critical component of the AIS strategy,” said Greg Johnson, president and CEO of AIS. “Over the past 20 years, the founders of RSI have built a unique culture focused on enabling employees to do exceptional work for their customers. I look forward to working with the RSI management team to build on the Company’s culture of excellence as we pursue ASRC’s vision for AIS.”
“Today is an exciting day for RSI and its employees,” said Paul Clay, RSI president. “I believe the acquisition of RSI by AIS will facilitate accelerated growth for the Company thereby providing additional opportunities for our employees and increased services to our customers.”
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 13,000 today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing more than 12,000 people across Alaska and the Lower 48. The company has six major business
segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.