Press Releases

EQM Joins the ASRC Family of Companies

Arctic Slope Regional Corporation is pleased to announce the acquisition of Environmental Quality Management (“EQM”) by our wholly-owned subsidiary ASRC Industrial Services, LLC.

The company is headquartered in Cincinnati, Ohio, and provides environmental services in the Midwest, California, and Pacific Northwest. EQM is a full service environmental remediation company – specializing in environmental remediation, emergency response, site restoration, environmental consulting and emission measurement services. The company serves both the public and private sectors, including the Environmental Protection Agency (EPA), US Army Corps of Engineers, steel industry and large-scale manufacturers.

Since the company was founded in 1990 it has differentiated itself from competitors via the quality of its services and ability to take on and master complex, large-scale projects. EQM will join AIS’s Environmental Engineering and Professional Services (“EEPS”) operating group. The company fills a gap in AIS’s existing portfolio and adds another skilled group of employees to the expanding enterprise.

“On behalf of ASRC’s board of directors, I am pleased to welcome the management team and talented employees of Environmental Quality Management to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “EQM is the most recent acquisition we have made in pursuit of the AIS strategy initiated in September 2016. I am happy with the progression of the strategy to date, and I am confident the AIS and EQM management teams will work collaboratively to sustain the positive momentum and ultimately create a scaled platform that delivers durable, enduring benefits to ASRC’s shareholders.”

“Adding Environmental Quality Management to AIS’s RRS group is further evidence of ASRC’s commitment to pursuing the AIS vision to build an enduring, employee-centric, customer-focused, value-added service provider,” said Greg Johnson, president and CEO of AIS. “The AIS management team appreciates ASRC’s support and looks forward to working with the team at EQM to build on the Company’s well-earned reputation and in the process, provide additional opportunities for their talented workforce, bring additional services to customers in new markets and ultimately deliver enduring benefits to ASRC’s shareholders.”

“After getting to know the AIS team and learning about ASRC’s commitment to the industrial
services market, I quickly recognized AIS was the right long-term home for EQM,” said Jack
Greber, the company’s founder. “Selling a business is always a tough decision, but I’m excited by
the new opportunities this next chapter brings to both our employees and our customers.”


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 approximately 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 13,500 people across Alaska and the Lower 48. The company has six major business segments: government contract services, petroleum refining and marketing, energy support services, industrial services, construction, and resource development.

Contact

Ty Hardt
Sr. Director of Communications
3900 C Street Suite 801
Anchorage, AK 99503-5963

Direct: 907.339.6888
Email: thardt@asrc.com