Arctic Slope Regional Corporation is pleased to announce the acquisition of certain assets from Kirkland Properties, LLC by our wholly-owned subsidiary ASRC Industrial Services, LLC.
Assets acquired include nine acres of property inclusive of a 56,000 square foot industrial facility in Augusta, Georgia. In addition to real property, AIS also acquired specialty coating and application equipment.
The assets acquired from Kirkland will be immediately integrated into AIS’s recently acquired, Atlanta-based wholly-owned subsidiary DACA Specialty Services (“DACA”). Integration of the assets will immediately allow DACA to expand service offerings related to surface preparation and coatings application. Additionally, the acquired assets provide DACA an important presence in the Augusta market.
“Following on our announcement of the acquisition of Finite Holdings in May, the acquisition of these assets is a continuation of the execution of the AIS growth strategy we announced last September,” said Rex A. Rock Sr., president and CEO of ASRC. “I continue to believe the strategy we are executing to build an enduring enterprise at AIS will provide long-term value for our shareholders.”
“The addition of the Kirkland assets to the AIS platform demonstrates our commitment to growing in the Southeast United States to increase our service offerings to customers and provide new opportunities for our talented employees,” said Greg Johnson, president and CEO of AIS. “I am confident the DACA management team will leverage these assets to expand DACA’s service offerings and build on DACA’s reputation as a customer-focused, value-added solutions provider.”
“A little over a month since the acquisition of DACA by AIS, today is another exciting day for the employees and customers of DACA,” said David Joiner, president of DACA. “The acquisition and integration of these assets into DACA, would not have been possible prior to being acquired by AIS. I appreciate ASRC and AIS’s support and commitment to enabling DACA to grow.”