Aleut Expands into Energy and Retail Sectors
Photo Credit: Shaiith | Envato
The Aleut Corporation (Aleut) stepped further into the energy and retail sectors by acquiring Fairbanks-based Richards Distributing, Inc. (RDI). The company is the parent of three established business lines: Renewable Energy Systems, Arctic Home Living, and Alaska EcoWater Systems.
Aleut says the acquisition strengthens the Alaska Native regional corporation’s portfolio by expanding its footprint in Alaska, diversifying its offerings, and delivering greater value to its shareholders.
Moving the Team in a New Direction
Founded by Rob and Karlene Richards, RDI has been a trusted name for decades in renewable energy, water treatment, retail hot tubs, and residential spas. With retail locations in Anchorage, Fairbanks, and the Matanuska-Susitna Borough, RDI has a track record of successful projects across Alaska.
“This acquisition aligns with Aleut’s vision for sustainable, balanced growth,” says Aleut President and CEO Skoey Vergen. “RDI’s strengths in renewable energy and retail, combined with their exceptional reputation and expertise, will allow us to expand our impact across Alaska while continuing to drive value for our shareholders. We’re thrilled to welcome the entire RDI team into the Aleut family of companies.”
Current Issue
February 2025
RDI’s business operations become the core of Aleut’s newest subsidiary, Aleut Energy, led by Nick Goodman as president. Goodman brings more than twenty years of leadership experience across renewable energy, government contracting, and hospitality industries.
The acquisition brings no layoffs or restructuring. RDI’s senior leaders, including Jeremy Lane and Eddie Davidson, remain with the company, ensuring a seamless transition and continuity of operations. Lane will step into the role of Aleut Energy senior vice president. Founders Rob and Karlene Richards will stay engaged during the transition period, supporting operations before stepping into retirement.
“I am grateful to see RDI join a corporation that shares our values of community, quality, and innovation. Aleut is the right partner to carry our mission forward, and we’re confident in the future success of the business,” Rob Richards says.
RDI includes three business lines that will transition under Aleut Energy:
- Renewable Energy Systems: Providing on- and off-grid energy and power management and storage solutions tailored to Alaska’s unique needs.
- Arctic Home Living: Offering premium hot tubs, saunas, cold plunges, various home spa accessories, and solid customer service across Alaska.
- Alaska EcoWater Systems: Specializing in water treatment systems for residential and commercial customers.
“RDI’s focus on delivering innovative solutions in energy and water systems compliments Aleut’s commitment to building resilient and sustainable businesses,” says Goodman. “We’re excited to bring their expertise and community-centered values into Aleut Energy, positioning us for future growth in Alaska’s renewable energy and retail markets.”
RDI employees became employees of Aleut Energy on January 31. Aleut Energy is setting up headquarters in Fairbanks.
Aleut serves more than 4,200 Unangaâx shareholders with a mission to provide economic growth and opportunities. Aleut’s portfolio includes businesses in government and mechanical contracting, real estate, technology and infrastructure, fuel sales, port services, environmental services, and energy.
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