ARG Industrial Expands to Salem, Oregon
Photo Credit: Carter Damaska | Alaska Business
Anchorage-based hose and rigging supplier ARG Industrial is extending its southern frontier. A new branch location in Salem, Oregon will be the southernmost in the company, and the second in the Beaver State.
Stretching South
ARG Industrial acquired its first Oregon location in Portland in 2021, when the employee-owned company was still known as Alaska Rubber Group. The Salem branch becomes the fourteenth in the organization, which has grown in the Pacific Northwest by acquisitions over the last decade. The new location, however, is not an established company.
“Our new Salem location will not only expand our geographical reach southward but will combine both hose and rigging capabilities in a single location,” says CEO and President Mike Mortensen. “We feel this value proposition sets us apart in the market. Salem is experiencing significant growth, and we feel like we’re just the company to support the industries that are growing there. This new branch will help us strategically drive essential products and services to a wide variety of new and already established ARG customers.”
The company opened its thirteenth location a year ago in Hayden, Idaho, adding a fourth state to its market coverage in Alaska, Washington, and Oregon.
Photo Credit: Carter Damaska | Alaska Business
The company began in 1980 as Alaska Rubber & Rigging Supply, Inc. and became Alaska Rubber Group in 2006 when it transitioned to employee ownership. It first doubled in size in 2009 by adding a Wasilla branch and acquiring Alaska Rubber & Rigging in Fairbanks and further consolidated with Alaska Rubber & Rigging Inc. and Arctic Wire Rope & Supply.
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Also in this issue: building a company and planning an exit strategy; several ESOPs, and UAS’ foray into a new model for tuition. Enjoy!