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Vol. 15, No. 33 Week of August 15, 2010
Providing coverage of Alaska and northern Canada's oil and gas industry

Oil Patch Bits: Calista announces acquisition of Yukon Equipment

Calista Corp said Aug. 3 that is has completed the purchase of Yukon Equipment Inc. Founded in 1945, Yukon Equipment is the oldest Alaskan-owned heavy equipment dealer in the state and specializes in new and used construction equipment, sales, repairs, rentals, parts and service. Yukon Equipment Inc. has headquarters in Anchorage and a branch office in Fairbanks, and provides equipment for residential, commercial, roads and bridges, utility and government construction. This acquisition adds to the construction capacity of Calista’s subsidiaries of Brice Inc. and Tunista Construction Inc. and Yukon gains access to Calista’s resources. “We are happy to partner with such a well-established organization and believe this relationship will benefit our clients and Calista’s shareholders,” said Morry Hollowell, Yukon Equipment president. “The Calista-Yukon connection is a natural one which will lower clients costs and improve overall services; as well as provide additional job opportunities and a new revenue stream for Calista Shareholders,” said Matthew Nicolai, Calista president and CEO.



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