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Arctic Slope Regional Corporation Announces New Acquisition

Builders Choice is now a member of the ASRC family of companies


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Arctic Slope Regional Corporation (“ASRC”) is pleased to announce the acquisition of Builders Choice, Inc. (“BCI” or “the Company”) by our wholly-owned subsidiary ASRC Construction Holding Company, LLC (“ACHC”). Headquartered in Anchorage, Alaska, BCI was founded 20 years ago and is now Alaska’s leading provider of customized modular solutions. The Company serves a diverse group of customers, including state, local and federal government agencies, oil and gas producers and service providers, mining companies and residential real estate developers. In addition to its facility in Anchorage, BCI operates a manufacturing plant in Vermillion, South Dakota. In 2013, the Company began selling building materials and engineered roof trusses from stores in Anchorage, Wasilla and Soldotna.

 

“On behalf of ASRC’s board of directors, I am pleased to welcome BCI’s employees to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “This acquisition demonstrates ASRC’s continued commitment to the state of Alaska. Despite the challenges posed by the current economic environment, ASRC believes Alaska’s long-term future is bright.”

 

“Over the past 20 years, BCI has built a reputation as a customer-focused, value-added solutions provider,” said Doug Smith, president and CEO of ACHC. “The acquisition of BCI fills a number of ACHC’s capability gaps and immediately increases alignment between our service offerings and the needs of our customers.”

 

“Today is an exciting day for BCI and its employees,” said Mark Larson, BCI president and CEO. “I believe the combination of ASRC’s financial support and relationships across multiple industries will provide opportunities for growth and expansion of BCI’s products and services.”

 

Members of the BCI management team, including Mark and Sandi Larson, will maintain their respective roles post-acquisition. In his role as president and CEO of BCI, Mark will report to Doug Smith, president and CEO of ACHC.

 

About ASRC

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 approximately 13,000 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 six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.

 

About ACHC

ASRC Construction Holding Company was created in 2006 as a strategic initiative to consolidate ASRC’s construction capabilities for the benefit of our customers and ASRC’s shareholders. ACHC oversees and supports three complementary construction subsidiaries that provide construction services to commercial and government clients in Alaska and the continental United States. Our companies have completed in excess of $1.5 billion worth of projects over the past 10 years.

 

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