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Providing coverage of Alaska and northern Canada's oil and gas industry
July 2019

Vol. 24, No.27 Week of July 07, 2019

Oil patch bits: ASRC announces Industrial Services acquisition

Petroleum News

Arctic Slope Regional Corp. said July 1 that it is pleased to announce the acquisition of Environmental Quality Management by its wholly owned subsidiary ASRC Industrial Services LLC.

EQM will join AIS’s environmental engineering and professional services 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.”

Headquartered in Cincinnati, Ohio, 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, U.S. Army Corps of Engineers, the steel industry and large-scale manufacturers. For more information visit www.eqm.com.






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