Oil Patch Bits: Arctic Slope Regional Corp. announces new acquisition

Arctic Slope Regional Corp. has announced the acquisition of Restoration Services Inc. by its wholly owned subsidiary ASRC Industrial Services LLC. Headquartered in Oak Ridge, Tennessee, RSI was founded 20 years ago and provides a variety of environmental services, including: regulatory strategy, comprehensive characterization, long-term stewardship, project controls and beneficial site reuse. RSI serves both federal and commercial customers throughout the continental United States.

“On behalf of ASRC’s board of directors, I am pleased to welcome RSI’s talented workforce to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “The acquisition of RSI demonstrates ASRC’s commitment to growing our industrial services’ offerings to provide opportunities for our employees and benefits to our customers and shareholders.”

“The acquisition of RSI is a critical component of the AIS strategy,” said Greg Johnson, president and CEO of AIS. “Over the past 20 years, the founders of RSI have built a unique culture focused on enabling employees to do exceptional work for their customers. I look forward to working with the RSI management team to build on the company’s culture of excellence as we pursue ASRC’s vision for AIS.”

“Today is an exciting day for RSI and its employees,” added Paul Clay, RSI president. “I believe the acquisition of RSI by AIS will facilitate accelerated growth for the company thereby providing additional opportunities for our employees and increased services to our customers.”

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