ACHC Acquires the Business of McGraw’s Custom Construction
ASRC McGraw Constructors Allows ACHC to Expand Into Southeast Alaska
ASRC Construction Holding Company (ACHC) has acquired the business of McGraw’s Custom Construction, Inc. (MCC), an Indian-owned small business that has been performing residential, industrial and government construction in Alaska for more than 30 years. ASRC McGraw Constructors, LLC (AMCL), a subsidiary of ACHC, purchased the assets of MCC and will be based out of Sitka, Alaska and employ more than 30 people. ACHC is a subsidiary of Arctic Slope Regional Corporation.
“We’re pleased to add ASRC McGraw Constructors to our family of companies,” said Jim Mendenhall, ACHC president and CEO. “The name McGraw has been synonymous with high quality and professional workmanship in Southeast Alaska for decades, and we’re confident we can continue those standards while bringing the company to the next level.”
Chuck McGraw formed McGraw’s Custom Construction Inc. in 1978, a company responsible for a long list of projects in Southeast Alaska – including the construction of the Sitka Fire Hall, Craig High School, and the renovation of Harbor View Elementary School. McGraw and his sons are now employees of the new company.
ASRC Construction Holding Company provides oversight and support services for six construction companies that provide more than $150 million in services each year and more than $1.2 billion in work over the past 10 years. ACHC subsidiaries provide a broad range of construction services to a wide variety of customers in the private and government sectors.
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 11,000 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 approximately 10,000 people worldwide. The company has five major business segments: petroleum refining and marketing, energy support services, construction, government services and resource development.
Posted: January 9, 2012