CIRI and Nabors Industries completed the sale of Alaska Interstate Construction (AIC) in December. AIC and its Canadian operating company were acquired by Cruz Construction Inc., based in Palmer. For nearly a decade, subsidiaries of CIRI and Nabors Industries each owned 50-percent of AIC. Cruz Construction, owned by Dave Cruz, has an excellent reputation in Alaska. While CIRI no longer has an ownership interest in AIC, CIRI remains a partner with Dave Cruz through Cruz Energy Services, based in North Dakota, and Cruz Marine, a tug and barge company with operations throughout Alaska and beyond.
In a joint statement to AIC employees, CIRI and Nabors said, “While AIC has had its struggles, we are confident Cruz Construction recognized the talented individuals on the AIC team and is looking forward to positive opportunities for AIC and its employees. (We) wish to thank each of you for your hard work and dedication over the years. Your contributions have been significant, and we have been proud to embrace you as part of our corporate families.”