Doyon, Limited Exits Joint Venture with Anvil Corporation
Terry Caetano (left), vice president of operations for Doyon Anvil in Anchorage, celebrated the 10th anniversary of the joint venture last year with Doyon, Limited CEO Aaron Schutt.
Doyon, Limited
Doyon, Limited is selling its stake in oil field engineering firm Doyon Anvil, a joint venture with Bellingham, Washington-based Anvil Corporation.
Dropping the Anvil
The Alaska Native corporation for the Interior region joined with Anvil in 2013, but now both leadership teams have decided to dissolve the formal partnership. Anvil acquires Doyon’s share of the joint venture.
In a statement, Doyon says the “transition provides the best opportunity for each company to pursue their long-term strategies.”
Anvil was founded in 1971 by Larry Levorsen to provide engineering services for oil refineries. The company had plenty of work during the decade inspecting process modules heading for the new oil field at Prudhoe Bay. It opened an Alaska office in 1984, staffed by mechanical engineer Dennis McGrew, who celebrated his 40th anniversary with Anvil last year.
Doyon had been providing similar services through its subsidiary, Doyon Emerald, which formed a strategic alliance with Alaska Anvil. By 2013, they merged their consulting and engineering operations.
During the ten-year joint venture, the largest project that Doyon Anvil tackled was the Pikka project, now in the construction phase. The Doyon statement says both companies are proud of the work accomplished by the Doyon Anvil team.
Anvil Corporation, a 100-percent employee-owned company, recently made additional investments in the Anchorage market and pledges to continue to serve Alaska with full-service engineering, design, procurement, and project management services for clients in the energy, sustainability, and manufacturing industries.
Doyon, Alaska’s largest private landowner, continues to operate subsidiaries in oil field services, as well as government contracting and tourism.
Making History
The track of oil and gas development in Alaska shows the footprints of bold companies and hard-working individuals who shaped the industry in the past and continue to innovate today. The May 2024 issue of Alaska Business explores that history while looking forward to new product development, the energy transition for the fishing fleet, and the ethics of AI tools in business.