Inside Alaska Business
One Canadian company is taking over Enstar Natural Gas from another. Calgary-based TriSummit Utilities agreed to acquire Alaska’s largest energy utility from fellow Alberta firm AltaGas in a transaction valued at US $800,000. In 2012, AltaGas paid $1.2 billion for Enstar’s previous holding company, Michigan-based Semco Energy (which included a Michigan gas utility). When the deal closes in early 2023, TriSummit says Enstar’s management and operations in Anchorage will be unchanged.
Sitnasuak Native Corporation
A subsidiary of the Alaska Native corporation for Nome is integrating its military uniform supply chain by acquiring a South Carolina company that prints camouflage fabric. Sitnasuak Native Corporation’s defense contractor, SNC Technical Services, is one of the largest American producers of uniforms and tactical gear for the US armed forces. Since 2017, its key supplier of government-authorized camouflage patterns has been Bennettsville Printing. Now SNC Technical Services is taking over Bennettsville Printing. The company will continue to operate under the same name and business structure.
Alaska Rubber Group
Disruption in the industrial distribution sector offers further opportunity for Alaska Rubber Group (ARG) to expand. The Anchorage-based company’s latest acquisition is Industrial Supply Inc. of Bellingham, Washington. The company fabricates and sells hydraulic hose fittings, lifting and rigging products, industrial chemicals, and abrasives. The addition expands ARG to twelve locations across Alaska, Washington, and Oregon; the company acquired Pacific Hose & Fittings in Portland last November.
Resolve Alaska
Two maritime support companies in Dutch Harbor are joining forces. The Alaska subsidiary of Florida-based Resolve Marine acquired MAC Enterprises. While Resolve Alaska specializes in vessel salvage, rescue, and emergency response, MAC Enterprises brings expertise in welding and diving, hull inspection and surveys, mooring, marine and freight transport, and off-season vessel security. Resolve Alaska provides shipyard and marine services for commercial and fishing vessels from its waterfront Dutch Harbor facility, aviation from Anchorage, and vessel support from Kodiak with a fleet of tugs, barges, and heavy-lift and crane equipment.
eTrac | Woolpert
A worldwide architecture, engineering, and geospatial firm with an office in Wasilla is the choice of the US Geological Survey to process hydrography data collected in Alaska. Ohio-based Woolpert, doing business in Alaska as eTrac, is tasked with acquiring and delineating interferometric synthetic aperture radar data covering 3,000 square miles. The data helps map and model surface water and flow patterns for flood management, coastal resilience, and conservation planning.
Utopian Power
The Kenai Peninsula Borough Assembly approved a 25-year lease for Utopian Power to install a 2-megawatt solar farm on top of a decommissioned 40-acre waste dump in Sterling. Terms call for $10,000 in annual rent, plus the borough would receive a 12 percent royalty on electricity sold to Homer Electric Association. Utopian Power was founded in Alaska but is now incorporated in Michigan. The borough also granted a property tax exemption to Anchorage-based Renewable Independent Power Producers for a separate solar farm in Sterling.
Business Impact NW
Alaskan entrepreneurs have access to microloans backed by the US Small Business Administration thanks to a partnership with Business Impact NW (BIN), a Washington-based nonprofit consulting firm. Micro, in this case, could be anywhere from $5,000 to $50,000. BIN’s Anchorage office extends financing to business owners who might not satisfy the stricter regulations of commercial banks.
Bristol Bay Native Corporation
The lands department of Bristol Bay Native Corporation launched a mobile app called Bristol Bay Online! to collect, preserve, and promote indigenous place names. Apple iOS users can click on map locations throughout the Bristol Bay region to learn their names in the Yup’ik, Alutiiq, and Dena’ina languages, including audio pronunciations.