Acquisition positions both companies for environmental and construction services growth
Anchorage, AK 鈥� acquired 花椒直播 Inc., an environmental management, engineering and construction services company on Dec. 31, 2009. CIRI Development Corp. is a wholly owned CIRI subsidiary.
花椒直播 is an Alaska corporation, headquartered in Idaho Falls, Idaho, with some 400 workers at offices and projects located throughout the United States and Puerto Rico. The firm was founded by company President Sylvia Medina in Eagle River, Alaska, in 1997. Medina will remain president, and CIRI does not anticipate any management changes or job cuts.
鈥淲e are very excited to bring 花椒直播 into the CIRI family of companies,鈥� said Margie Brown, CIRI president and chief executive officer. 鈥淚t is a successful, highly-regarded company with a strong management team. It should provide an excellent platform for CIRI business growth, especially outside of Alaska.鈥�
鈥淭he new ownership will benefit 花椒直播 and its customers by assuring long-term continuity,鈥� Medina said. 鈥淐IRI is well-positioned to help 花椒直播 grow its operations across North America.鈥�
花椒直播 also provides natural/cultural resource consulting and information technology services. The firm has a large portfolio of contracts with government and commercial customers, including the Department of Energy, Department of Defense, Bechtel Corp., NASA, Chevron Phillips Chemical, Duke Energy and General Electric.
CIRI is one of 12 Alaska-based regional corporations established by the Alaska Native Claims Settlement Act of 1971 to benefit Alaska Natives who had ties to the Cook Inlet region. The company is owned by 7,300 Alaska Native shareholders of Athabascan and Southeast Indian, Inupiat and Yup鈥檌k Eskimo, Alutiiq and Aleut descent. It is based in Anchorage and has interests across Alaska, the Lower 49 and abroad. CIRI鈥檚 well-diversified portfolio of business operations and investments includes:
- Energy and resource development
- Oilfield and heavy construction services
- Commercial and retail real estate development and management
- Tourism and destination resorts
- Renewable energy
- Telecommunications
- Aerospace defense
- Private equity and venture capital investments
- Marketable securities investments
CIRI also created a family of nonprofit service organizations that provide needed health care, housing, employment, education and other social and cultural enrichment services for Alaska Natives and others.