Oil Patch Bits: ASRC announces industrial services acquisition

Petroleum News

Arctic Slope Regional Corp. said Oct. 25 that it is pleased to announce the acquisition of Brad Cole Construction by its wholly owned subsidiary ASRC Industrial Services LLC.

Headquartered in Carrollton, Georgia, BCC provides heavy civil site services, which includes site stabilization, remediation, demolition, excavation and dewatering. BCC serves a diverse customer portfolio made up of industrial and commercial customers, state and local governments, as well as federal agencies. Since the company’s founding in 1977, BCC has differentiated itself from competitors via its relentless focus on safety and ability to deliver challenging projects on time and under budget. BCC becomes the third member of AIS’s remediation and response services operating group, following the February 2018 acquisition of Mavo Systems and June 2018 acquisition of Hudspeth & Associates.

“On behalf of ASRC’s board of directors, I am pleased to welcome the management team and talented employees of Brad Cole Construction to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “The acquisition of BCC represents the eighth acquisition we have made in pursuit of the AIS strategy we initiated a little over two years ago. I am happy with the progression of the strategy to date and am confident the AIS and BCC management teams will work collaboratively to sustain the positive momentum and ultimately create a scaled platform that delivers durable, enduring benefits to ASRC’s shareholders.”