Brice, Inc. is Calista Corporation’s Newest SubsidiaryCalista Corporation today announced it has completed its acquisition of Brice, Inc. and its family of companies. The Brice companies provide civil construction, marine, environmental, materials and equipment rental services. Founded by family matriarch helenka Brice, the company has a long and distinguished heritage with over 40 years successfully building in Alaska. In the last four decades they have worked with Native villages, focusing on the improvement of rural communities and obtaining the highest Native hire rates of any construction company in the state.
This announcement was made at Calista's 2010 Business Reception and with this acquisition Calista Corporation obtains additional construction capacity and Brice gains access to new capital, operating efficiencies and contracting advantages as a Native-owned business. This relationship will help clients lower costs and improve overall construction services; as well as provide additional job opportunities to Calista Shareholders.
"This is a historic day for Calista Corporation, Brice, Inc., our Shareholders and the clients we serve," said Matthew Nicolai, Calista president and CEO. "Independently, each company is an industry leader but together Calista and Brice are even more ready to perform. Our clients will benefit from the breadth and depth of our respective talents."
"Today marks the beginning of an exciting new era," said Sam Robert Brice, Brice, Inc. president. "With the resources of Calista's experience, capital and access to a highly-trained Native workforce, we have an opportunity to re-define construction services in Alaska." Brice is known for its innovative engineering solutions and in 2001 won the Small Business of the Year Award from the U.S. Small Business Administration for remediation work at the Amchitka mud pits for the U.S. Department of Energy. Brice managers will remain in place and continue to provide customers with superior workmanship and excellent attention to detail.
The second largest of the original 13 Native corporations, Calista was established under the Alaska Native Claims Settlement Act of 1971 and represents over 13,000 shareholders. The Calista region encompasses over 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Calista Corporation is the parent company of numerous wholly-owned subsidiaries in the areas of aerospace and technology services; construction, engineering and telecommunications; hospitality, camp and support services; and marketing and communications.
Posted: July 30, 2010
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