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

Vol. 24, No. 6 Week of February 10, 2019

Oil patch bits: ASRC announces Industrial Services acquisitions

Petroleum News

Arctic Slope Regional Corp. said Feb. 1 that it is pleased to announce the acquisitions of National Environmental Group and Niles Construction Services by its wholly owned subsidiary ASRC Industrial Services LLC.

Both companies are headquartered in Flint, Michigan, and provide services throughout the Great Lakes Region. NEG is a full service environmental remediation company specializing in asbestos and lead abatement, waste disposal, and site decontamination services. NCS is a painting and coatings contractor. The companies serve a diverse customer portfolio made up of industrial, automotive, and commercial customers.

NEG will join AISís Remediation and Response Services operating group and NCS will join AISís construction, maintenance, and repair operating group. Each company fills a gap in AISís existing portfolio and adds another skilled group of employees to the expanding enterprise.

ďToday is another exciting day in the pursuit of the AIS strategy that was initiated in September 2016,Ē said Rex A. Rock Sr., president and CEO of ASRC. ďOn behalf of ASRCís board of directors, itís my privilege to welcome the management team and talented employees of National Environmental and Niles Construction to the ASRC family of companies. I am confident they will work closely with the AIS team to achieve AISís vision of building something unique in the industrials service market, thereby providing additional opportunities for employees and enduring benefits for ASRCís shareholders.Ē






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