In 2015, API was acquired by ASRC Industrial, a wholly owned entity of Arctic Slope Regional Corporation (ASRC), an Alaska Native Corporation. Due to this ownership, API is a Minority Business Enterprise (MBE) and Small Disadvantaged Business (SDB) and has access to multiple sister operating company resources.
Established by the Alaska Native Claims Settlement Act (ANCSA) of 1971, ASRC represents and is 100% owned by more than 13,500 Iñupiat shareholders. Section 1626(e) of ANCSA states:
For all purposes of Federal law, direct or indirect subsidiary corporations, joint ventures, and partnerships of a Native Corporation shall be considered to be entities owned and controlled by Natives and a minority and economically disadvantaged business enterprise if the shares of stock or other units of ownership interest in any such entity held by such Native Corporation and by the holders of its Settlement Common Stock represent a majority of both.
Contracting with API can help you meet your diversity spending objectives while also helping improve quality of life across North Slope Alaska Native villages.
Interested in learning more about the benefits of working with an ASRC Industrial operating company? Contact Ian.Broste@asrcindustrial.com or connect on LinkedIn.