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Vol. 23, No.1 Week of October 07, 2018
Providing coverage of Alaska and northern Canada's oil and gas industry

Arctic Directory 2018: ASRC announces Industrial Services acquisition

Petroleum News

Arctic Slope Regional Corp. said April 11 that it is pleased to announce the acquisition of F.D. Thomas Inc. and FDTs wholly owned subsidiary D. Zelinsky & Sons by its wholly owned subsidiary ASRC Industrial Services LLC.

Headquartered in Medford, Oregon, with satellite offices in Kent, Washington, Oakland and Sacramento, California, FDT is nationally recognized as a premier provider of waterproofing, roofing, infrastructure restoration, specialty painting and coatings services.

FDT was founded by Dan Thomas in 1979. FDT services customers nationwide across multiple end markets, including: federal agencies, health care, higher education, transportation, infrastructure, sports, entertainment and new commercial construction. FDT will become a part of AISs Construction, Maintenance and Repair operating group.

DZ was founded in 1884 and is headquartered in Oakland, California. FDT acquired DZ in 2014. DZ provides commercial painting, wallcovering, faux finishes, waterproofing, fireproofing, high performance coatings and SoftWalls upholstered wall and ceiling systems.

DZ serves primarily commercial customers in the San Francisco Bay Area. DZ will join FDT as a member of AISs CMR operating group.On behalf of ASRCs board of directors, I am pleased to welcome the talented employees of F.D. Thomas and D. Zelinsky to the ASRC family of companies, said Rex A. Rock Sr., president and CEO of ASRC. The additions of F.D. Thomas and D. Zelinsky is further evidence of ASRCs commitment to the AIS strategy that ASRC initiated in September 2016.

I am pleased with the progression of the strategy to date, and I am confident that the teams at F.D. Thomas and D. Zelinsky will work collaboratively with the AIS team to deliver durable, enduring benefits for ASRC shareholders.



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