Arctic Slope Regional Corporation Announces New Acquisition

ASRC PRESS RELEASE 5/24/2017
 

DACA Specialty Services, LLC and D2 Industrial Services, LLC are now members of the ASRC family of companies

Arctic Slope Regional Corporation (“ASRC”) is pleased to announce the acquisition of Finite Holdings, LLC (“Finite”) and Finite’s respective operating subsidiaries DACA Specialty Services, LLC (“DACA”) and D2 Industrial Services, LLC (“D2”) by our wholly-owned subsidiary ASRC Industrial Services, LLC (“AIS”).

Headquartered in Atlanta, Georgia, DACA was founded over 32 years ago. DACA’s suite of services include complex painting and coating applications, cleaning and abrasive blasting, interior and exterior tank lining, managed asset maintenance programs, as well as lead abatement and concrete containment. DACA serves industrial and commercial customers across multiple end markets, primarily in the Southeast region of the United States.

D2 was founded in 2007 and is headquartered in Knoxville, Tennessee. D2 provides painting and coating services, primarily in the Midwest region of the United States, to government agencies as well as industrial and commercial clients.

“On behalf of ASRC’s board of directors, I am pleased to welcome the talented employees of Finite, DACA and D2 to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “These acquisitions are an important step in the execution of the AIS strategy that we announced last September.”

“DACA and D2 are customer-focused, value-added services providers,” said Greg Johnson, president and CEO of AIS. “The additions of DACA and D2, respectively, to the AIS platform immediately augments the capabilities and geographic footprint of AIS’s construction, maintenance and repair operating group; positioning AIS to increase the value we bring to existing, and new customers.”

“Today is an exciting day for the respective employees and customers of DACA and D2,” said David Joiner, president of Finite. “I believe becoming a part of the AIS platform will provide additional opportunities for our talented workforce, allowing us to increase our service offerings for the benefit of our customers and ultimately increase our competitiveness.”​

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 around 13,000 today. Corporate headquarters are based in Utqiaġvik (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 12,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.

PO BOX 129 BARROW AK 99723 (907) 852-8633