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

Arctic Slope Regional Corp. said it is pleased to announce the acquisition of US Coatings Inc. by its wholly owned subsidiary ASRC Industrial Services LLC.

Headquartered in Mobile, Alabama, USC was founded more than 10 years ago. USC is a specialty industrial services contractor serving the marine industry. USC specializes in providing interior tank coating, cleaning and surface preparation services for assorted Maine vessel tanks, including cargo, ballast and freshwater. Additionally, USC is an applicator of advanced coatings and protective systems for marine hulls, decks and superstructures. USC operates across the Gulf Coast, in the Midwest and the Mid-Atlantic serving multiple end-markets within the marine industry - including transportation, logistics, tourism, leisure, commercial fishing and the federal government. USC will become a component of AIS’s construction, maintenance and repair operating group.

“On behalf of ASRC’s board of directors, I am pleased to welcome the talented employees of US Coatings to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “The acquisition of USC demonstrates continued progress and commitment to the execution of the AIS strategy that was announced last September and we believe will deliver long-term value for ASRC shareholders.”

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