CCI Industrial Services Acquires North Slope Blasting, Coating and Painting Facility
CCI Industrial Services, LLC (“CCI Industrial”) has entered into an agreement with Alutiiq Oilfield Solutions, LLC to acquire certain assets including a major blasting, coating and painting facility and related equipment in Deadhorse, Alaska. The transaction was completed on November 8, 2013.
CCI Industrial, a wholly-owned subsidiary of Bristol Bay Native Corporation, is an oilfield and industrial service provider with roughly 250 employees. CCI Industrial is engaged in a wide variety of activities on Alaska’s North Slope including coating, sandblasting and painting, tank cleaning, pipeline maintenance, hazardous materials handling and spill response.
Alutiiq Oilfield Solutions, a wholly-owned subsidiary of Afognak Native Corporation, is an oilfield service provider with operations in Alaska, Canada and North Dakota specializing in temporary road and pad matting and structural composite products.
“This asset purchase positions us to be the go-to coating contractor on the North Slope,” said CCI Industrial President and Chief Executive Officer Ben Schoffmann. “While we have won praise and increased our activity with valued clients for our coating expertise and services, the lack of a fit-for-purpose facility prevented us from reaching our objectives. This acquisition will allow us to perform larger jobs and be better able to work year round.”
Jeff Allison, the Senior Vice President of Operations for Afognak Oilfield Services, stated, “The sale of the blasting, coatings and painting related assets of Alutiiq Oilfield Solutions on Alaska’s North Slope was in line with our strategic plan and will allow us to focus on existing service lines as well as enable additional service line growth. The timing for this transaction was ideal as it will provide the mutual benefit sought by both companies.” Afognak Leasing, LLC, a wholly owned subsidiary of Afognak Native Corporation, continues to focus on modular camps and facilities on Alaska’s North Slope and in the Lower 48 states and is not impacted by this asset transaction.
CCI Industrial Services, LLC is a wholly-owned subsidiary of Bristol Bay Native Corporation providing oilfield and industrial services on Alaska’s North Slope.
Learn more at www.cciindustrial.com.
Posted: November 20, 2013