Arctic Directory: Calista acquires STG Inc. as newest subsidiary

Calista Corp. has announced the acquisition of STG Inc. In the last 20 years STG has earned a solid reputation while operating throughout Alaska, from hot and sunny summer days to frigid winter nights.

STG has installed approximately 80 percent of the utility-scale wind projects currently in operation across the state, including crane support for the Fire Island Wind project near Anchorage and in rural communities throughout Alaska. They also completed the 34-site tower and control buildings for the massive DeltaNet Project for United Utilities Inc. in southwest Alaska. STG is also the premier pile foundations contractor for western and Interior Alaska. Additionally, the team at STG provides deep experience with diesel power generation projects, bulk fuel systems and other renewable energy projects.

“STG stands out in Alaska as a proven company with dedicated employees, led by Jim and Sandy St. George,” said Calista Corp. President and CEO Andrew Guy. “Calista continues to strengthen and grow with complementary acquisitions. That is one of our key obligations to our shareholders.”

The acquisition also includes Alaska Crane Ltd., Terra Foundations Inc. and Gambell Properties LLC. Alaska Crane provides crane equipment and operators for nearly any sized project. Their equipment includes the largest crane in Alaska, currently working on the Blue Lake Hydroelectric project in Sitka. Three years ago Calista acquired Brice Inc. and Yukon Equipment Inc.

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