Utqiaġvik, Alaska, February 10, 2026 – Arctic Slope Regional Corporation (ASRC) announced today that it has acquired Coinstar, LLC, a monumental step forward in the Corporation’s history. The acquisition establishes a sixth core business segment—financial solutions—and represents a significant milestone in advancing ASRC’s long-term diversification strategy.
This move aligns with ASRC’s past and present strategic plans, building on several years of focused effort to identify and secure an acquisition that would serve as the foundation for a new business line. Coinstar was acquired following months of due diligence, review, and negotiation conducted by ASRC leaders and external advisors. The ASRC Board of Directors unanimously approved the acquisition at the end of 2025.
“Nearly a decade ago, ASRC set a new direction—to grow and diversify into solutions-focused businesses within and beyond Alaska,” said Rex A. Rock Sr., ASRC President and CEO. “Adding Coinstar to our family of companies accelerates our progress toward resilient, diversified earnings and strengthens our ability to generate a positive financial impact for our more than 14,000 Iñupiaq shareholders with a continued focus on long-term stability and value for the Corporation. We are honored to carry forward the mission of enhancing Iñupiaq cultural and economic freedom.”
ASRC intends to maintain stability across the organization while supporting existing plans to expand financial services delivered through Coinstar’s established network, as well as other platforms.
“Joining the ASRC family of companies marks an exciting new chapter in Coinstar’s history,” said Coinstar President and CEO Kevin McColly. “ASRC believes in the strength of our team and the potential of our business. Their long-term perspective and partnership will help advance our transformation into a consumer financial services company that expands access and choice for our customers. We are excited about the opportunities this new ownership creates for our people, our customers, and our shared future.”
About Coinstar
Coinstar® is a financial services company that helps consumers bridge physical and digital money through a trusted self-service network. Coinstar operates more than 24,000 kiosks across North America, Europe, and the United Kingdom in partnership with over 700 retailers. Through its mobile app, digital wallet platform, and general purpose reloadable debit product, Coinstar enables consumers to convert cash and coins into digital funds and access everyday financial services. Designed to support financial inclusion, Coinstar serves cash-preferred consumers by providing accessible, secure pathways into digital financial tools. Coinstar is supported by a global team of over 400 employees who design, operate, and support its products, technology, and retail partnerships, helping ensure reliable service for consumers and partners around the world.
About ASRC
Arctic Slope Regional Corporation (ASRC) is a for-profit Alaska Native regional corporation formed pursuant to federal legislation, the Alaska Native Claims Settlement Act of 1971. ASRC represents the business interests of its more than 14,000 indigenous shareholders known as the North Slope Iñupiat. ASRC has a diverse portfolio of offerings and investments that support a workforce of more than 16,000 employees across the United States and select international markets. Through the success of its operating companies—under six core business segments: government services, industrial services, financial solutions, petroleum refining and marketing, energy support services, and construction—ASRC is proud to deliver strong, sustainable dividends and job opportunities to its shareholders while contributing to organizations that support the education, community health, and preservation of Iñupiaq culture.
Contact: press@asrc.com