BSNC Acquires Internationally-Renowned Environmental and Demolition Company

CEI President Stuart Jacques and BSNC President & CEO Gail Schubert at the acquisition signing.

Bering Straits Native Corporation (BSNC) announced today that it has wholly acquired Central Environmental Inc. (CEI) and its four subsidiary companies, Central Recycling Services, C.I. Contractors, Environmental Management Inc., and Concrete Coring Services. CEI is an Alaska-based, full-service integrated, general construction, demolition, utilities and environmental company.

CEI was founded in 1984 by Stuart Jacques and has grown under his leadership to become one of the largest demolition companies in the United States. CEI's growth has been achieved by supplying a comprehensive scope of services and employing cutting-edge techniques to challenging projects, while maintaining high-quality workmanship and a commitment to safety. Jacques will continue to lead CEI as President.

"We are very pleased to welcome CEI to our family of companies," said BSNC President and CEO Gail R. Schubert. "Over the past year we thoughtfully evaluated the possibilities and benefits presented by this acquisition. We determined that CEI's impressive capabilities and projects align well with BSNC's growing portfolio of companies. We are pleased that Stuart Jacques will stay on with the company and continue to manage day-to-day business activities. We welcome CEI employees to the BSNC family."

Since its inception, CEI has completed more than 7,500 projects throughout the United States and internationally. Its client base includes a wide range of private, commercial, industrial, municipal, state and federal governmental agencies. CEI, headquartered in Anchorage with offices in Fairbanks and Las Vegas, has 120 employees. CEI and its subsidiaries will continue to operate at their respective locations under existing management and personnel.

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