|  December 22, 2014  |  
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Koniag, Inc. acquires Kodiak construction company

(Kodiak, Alaska) – Koniag, Inc., the regional Native corporation for the Kodiak Island region, acquired Anderson Construction, one of Kodiak’s most established and successful heavy construction companies. Anderson Construction began operations nearly 32 years ago and has been involved in many of Kodiak Island’s large civil construction projects.

Currently, Anderson Construction is involved in helping Koniag develop a promising granite quarry at Shakmanof Cove on the northern end of Kodiak Island. The acquisition will strengthen Koniag’s marine construction business, allowing the company to leverage its resource ownership into related business opportunities.

“It’s important for Koniag to do more than just sell the resources,” said Will Anderson, president and CEO of Koniag, Inc. “We were impressed with Anderson’s quality of work, the excellent condition of the equipment and its dedicated employees. The addition of the company will give Koniag the opportunity to be involved with the large civil construction projects that use the high quality granite from the Shakmanof quarry.”

Anderson Construction has eight full-time employees and more seasonal workers. The company has participated in projects such as the Pillar Mountain wind turbines, the Terror Lake Hydro project, road construction and underground utility work. Anderson also operates a gravel quarry on Near Island in the City of Kodiak. Former owner Mike Anderson (no relation to Will Anderson) will remain as company president. Anderson said he was influenced by Koniag’s strong financial background and its commitment to the Kodiak community.

“I haven’t been an ‘employee’ in more than 30 years, so that might take some getting used to,” Mike Anderson said with a smile. “But, I look forward to being a part of the exciting opportunities Koniag is involved in on Kodiak Island and am optimistic about expanding beyond our shores.”

As the Shakmanof project expands, Koniag expects it will provide opportunities for Shareholders and nearby communities such as Ouzinkie and Port Lions.

About Koniag, Inc.

Koniag, Inc. is one of the 13 Alaska Native regional corporations established in 1971 by the Alaska Native Claims Settlement Act (ANCSA). Koniag represents the Alutiiq people from Alaska’s Kodiak Island region. Koniag manages a diverse portfolio of real estate holdings and operating companies. For more information, visit www.Koniag.com.

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