Yukon Equipment, Inc. Acquired by Calista CorporationCalista Corporation announced today it has completed the purchase of Yukon Equipment, Inc. Founded in 1945, Yukon Equipment is the oldest Alaskan-owned heavy equipment dealer in the state and specializes in new and used construction equipment, sales, repairs, rentals, parts and service.
Yukon Equipment, Inc. provides equipment for residential, commercial, roads and bridges, utility and government construction. This acquisition adds to the construction capacity of Calista's subsidiaries of Brice, Inc. and Tunista Construction, Inc. and Yukon gains access to Calista's resources. "We are happy to partner with such a well-established organization and believe this relationship will benefit our clients and Calista's Shareholders," said Morry Hollowell, Yukon Equipment president. "The Calista-Yukon connection is a natural one which will lower clients costs and improve overall services; as well as provide additional job opportunities and a new revenue stream for Calista Shareholders," said Matthew Nicolai, Calista president and CEO.
Yukon Equipment has provided equipment for construction of the Alaska Highway, the trans-Alaska oil pipeline, the Distant Early Warning (DEW) line and heavy equipment such as street sweepers, snowplows and runway brooms for State and municipal agencies. It has dedicated services for utility and underground equipment used by companies such as Enstar Gas. Yukon has headquarters in Anchorage and a branch office in Fairbanks. Yukon Equipment, Inc. managers will remain in place and continue to provide customers with superior heavy equipment service.
Posted: August 3, 2010
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