Calista Acquires Interest in Delta Constructors
New partners seek expansion opportunities in the resource development sector
(Anchorage, Alaska) – Calista (cha-LIS-tuh) Corporation has acquired a 25 percent interest in Delta Constructors, a leading oil and gas construction firm operating in Alaska, Canada, and the Lower 48.
Calista’s minority, non-controlling stake in Delta Constructors is owned by Bektuq Holding LLC, a holding company for Calista subsidiaries working in the energy, engineering and environmental sector.
“Delta Constructors’ strong performance in Alaska and elsewhere will complement and diversify Calista’s current investments for the benefit of our Shareholders. I am excited about working with our new partner to expand our services to current and future customers in the resource development sector,” said Calista Corp. President/CEO Andrew Guy.
Delta Constructors was founded in Anchorage, Alaska in 2007 and subsequently expanded to Canada and the Lower 48. Find out more about Delta Constructors’ operations and specialized services at https://www.deltaconstructors.net/
Calista also recently acquired its JV majority partner Nordic Well Servicing Inc., thereby acquiring full ownership of Nordic Calista Services, a drilling and workover company that primarily operates on the North Slope.
Calista Corporation has over 31,000 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: military defense contracting, construction, real estate, environmental and natural resource development, marine transportation, oil field services and heavy equipment sales, service and rentals. Since 1994, Calista has provided more than $4.6 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $67.7 million in distributions, and $7.3 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook (www.facebook.com/CalistaCorporation) and Twitter (https://twitter.com/CalistaCorp).