CIRI Services Corp. acquired a majority interest in Weldin Construction LLC, a full services engineering and construction company formerly owned and operated by CIRI shareholder Richard (Dick) Weldin, on March 12. CIRI Services Corp. is a wholly owned CIRI subsidiary.
Weldin Construction LLC is headquartered in Palmer, Alaska. The firm was founded in 1991 by Weldin and his wife, Jennie. Richard Weldin will transition to president of CIRI Services Corp. and will oversee construction-related projects for the federal government.
“Weldin Construction LLC is a profitable, highly regarded company with a long history of demonstrated success and ability to self-perform work for its customers,” said Margie Brown, CIRI president and CEO. “The acquisition of Weldin will help CIRI build its baseline income and grow its other 8(a) companies. It will also bring opportunities for shareholder hire in Alaska.”
“CIRI’s ownership in Weldin will benefit our existing customers by assuring long-term continuity,” said Weldin. “I look forward to joining the CIRI government contracting team, and look forward to providing benefits like dividends and jobs to CIRI shareholders.”
Weldin provides design/build construction, project management, self-performed electrical, mechanical, HVAC, and heavy civil concrete services, as well as specialization in military and civilian fuel systems. Weldin customers include the Air Force, the Army, the Army Corps of Engineers, the Missile Defense Agency and a variety of large federal maintenance and operation contractors. Learn more about Weldin by visiting www.weldin.com. Learn more about career opportunities at CIRI and CIRI subsidiaries by visiting www.ciri.com/content/careers/careers.aspx.