Oil Patch Bits: Alaska Materials to add Oregon office

Petroleum News

Alaska Materials President John Horjes announced plans Feb. 20 for a new office in Lake Oswego, Oregon.

“We’re pleased to add Oregon to our operations. Oregon is a great state, and many of our mills, manufacturers, and distributors are there. I’m very familiar with the area having lived there for years,” said Horjes. “My investment banking years began there by funding Pacific Rehabilitation & Sports Medicine Inc. to its IPO (initial public offering), and then serving the company as an officer by doing its mergers and acquisitions. We grew it from three to over 70 locations in just a few years before selling it for $76M to Horizon/CMS healthcare in 1996. This is a good time to look at acquisition opportunities. There are many with no succession plan or exit strategy, so it should come as no surprise that I’m in talks with old friends,” he added.

Alaska Materials, with its IMPAC Co. relationship, will have offices in Alaska, Washington, Oregon and Hawaii.

Alaska Materials also serves as a platform for activities including M&A, strategic alliances, and product development.

For more information visit www.alaskamaterials.com or www.impacco.com.