IMMEDIATE RELEASE
3 September 2019
The Aleut Corporation Acquires Strata-G Solutions, Inc. as Newest Subsidiary
(Anchorage, Alaska)
The Aleut Corporation (TAC) announced today the acquisition of Huntsville, Alabama-based Strata-G Solutions, Inc. (Strata-G). Strata-G will remain a standalone business operating as a wholly owned subsidiary of The Aleut Corporation.
“This strategic acquisition demonstrates The Aleut Corporation’s commitment to diversifying and growing our federal contracting portfolio in line with our primary mission to maximize dividends and opportunities for our shareholders and descendants,” said Thomas Mack, President & CEO of The Aleut Corporation.
“On behalf of the TAC board of directors, I am pleased to welcome the strong management team and talented employees of Strata-G Solutions to the TAC family of companies,” said TAC Board of Directors Chairman Sharon Lind.
Since inception, Strata-G has grown through both organic and acquisition means, and has differentiated itself from competitors by offering the highest quality design engineering and integrated hardware manufacturing solutions. Strata-G delivers highly complex solutions for rotary and fixed wing aircraft as well as unmanned, missile and ground systems to various Department of Defense, federal, and commercial customers. Strata-G President & Founder Devin Whitaker will remain in his existing executive leadership role.
“We are very excited to join the TAC family. Now, as a wholly owned subsidiary of such a strong Alaska Native Corporation we know that together we can grow our Strata-G design engineering and integrated hardware manufacturing portfolio to a whole new level,” said Devin.
About The Aleut Corporation
The Aleut Corporation is one of thirteen Alaska Native Corporations created pursuant to the Alaska Native Claims Settlement Act of 1971 and represents more than 4,000 shareholders and their descendants. Since inception, TAC has donated more than $13.7 million to The Aleut Foundation to provide scholarships, trainings, culture camps and burial assistance, and has paid more than $52.8 million in dividends and Elders Benefits distributions to its shareholders.
The Corporation’s primary activity is investing and managing in business ventures principally in the following industry segments: federal government operations, maintenance and information technology contracting; fuel sales, storage and related services; rental properties; natural resources; industrial instrumentation and process control equipment sales; oil well-testing services; mechanical contracting and construction; hazardous materials analysis, testing, and decommissioning and remediation service; and construction. TAC can be found on Facebook or Twitter.
