Chugach Alaska Corporation Acquires Two Fairbanks Mechanical Contractors
A subsidiary of the Alaska Native corporation for the Prince William Sound region acquired two Fairbanks-based mechanical contractors. Chugach Commercial Holdings (CCH) adds HVAC, LLC and Alaska Integrated Services (AIS) to its portfolio, complementing its existing services while broadening Chugach Alaska’s commercial footprint.
Building Growth Opportunities
“We are excited to welcome HVAC and AIS to the Chugach family of companies,” says Chugach CEO Jonathan Dalrymple. “These acquisitions represent a significant step forward in our strategy to diversify and strengthen the corporation’s business portfolio. The expertise and strong market position of these companies will enhance our existing capabilities and create new opportunities for growth, which will ultimately drive value for Chugach shareholders.”
Founded in Fairbanks in 1995, HVAC performs sheet metal fabrication and installation, design-build and project management, kitchen hood and duct cleaning, and (as the name implies) heating, ventilation, and air conditioning services for residential, commercial, industrial, federal, and state customers.
AIS, with offices in Fairbanks and Anchorage, was founded more than twenty years ago. It offers comprehensive HVAC solutions and building automation controls, including HVAC temperature controls, lighting controls, integrated card access systems, and digital camera networks for federal and military, state, and oil and gas sector customers.
Gwen Welch, vice president of operations at CCH, says, “Both HVAC and AIS have spent the last two decades cultivating partnerships with customers and building exceptional teams guided by strong leadership. I look forward to working with both companies to support their continued growth, while creating a stronger, more sustainable CCH.”
In addition to driving growth opportunities, Chugach says the cultures and values of the HVAC and AIS teams closely align with the corporation’s dedication to safety, integrity, and performance excellence. CCH leaders say the company is committed to ensuring a smooth transition and building a collaborative, united team that is a hallmark of Chugach companies.
HVAC President Josh Palmer and AIS President Rodger Morrow will remain in their roles. Chugach does not anticipate any management or staffing changes.
“We are excited to join the Chugach team. We look forward to the support and opportunities available through Chugach which will help our company continue to grow, while also providing even better service to our existing clients,” says Palmer.
Morrow adds, “We at Alaska Integrated Services are proud to be part of the Chugach team and are even more excited to see what the future holds for all involved.”