Oil Patch Bits: Calista announces its acquisition of Brice Inc.

Calista Corp. said July 29 that it has completed its acquisition of Brice Inc. and its family of companies. The Brice companies provide civil construction, marine, environmental, materials and equipment rental services. Founded by family matriarch, Helenka Brice, the company has a long and distinguished heritage with more than 40 years of successfully building in Alaska. In the last four decades they have worked with Native villages, focusing on the improvement of rural communities and obtaining the highest Native hire rates of any construction company in the state. With the acquisition, Calista obtains additional construction capacity and Brice gains access to new capital, operating efficiencies and contracting advantages as a Native-owned business. This relationship will help clients lower costs and improve overall construction services, as well as provide additional job opportunities to Calista shareholders. For more information visit www.calistacorp.com.