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updated: 9/3/2013 10:11 AM

MYR Group establishes operations in Alaska

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Globe Newswire

Electric infrastructure contractor MYR Group Inc. has established district operations in Anchorage and Fairbanks, Alaska, through its subsidiary Sturgeon Electric Company, Inc.

Anticipating market growth over the next several years, Rolling Meadows-based MYR acquired equipment and transferred personnel from an existing operation of NORCON, Inc. a subsidiary of CH2M HILL.

NORCON has been performing oil and gas pipeline construction in Alaska since the mid '70s and expanded its service capabilities to include electrical construction in the late '80s. The addition allowed NORCON to provide electrical construction services for its own projects, as well as contract services to other utilities and

industrial clients in the area.

As the market continues to grow, NORCON has chosen to focus efforts entirely on its core oil and gas business, thereby allowing the opportunity to establish a mutually beneficial arrangement with Sturgeon Electric. The transfer will allow Sturgeon Electric to establish a new market to grow its core business of electrical construction services and enable Sturgeon Electric to quickly establish contracts with important clients.

Sturgeon Electric will continue to provide services to NORCON as needed, while growing its market presence in Alaska through electrical and communications services for other customers, and positioning the company for major transmission projects in the future. Additionally, Sturgeon Electric will provide continuity of employment for existing NORCON and local union employees and customer service to existing NORCON clients while pursuing additional projects and clients.

"MYR Group is excited about geographic expansion into Alaska and the opportunities this unique market presents for us," said William A. Koertner, chairman and chief executive officer of MYR. "Due to our transaction with NORCON, we have an established staff, market knowledge and equipment resources in place, which will allow us to hit the ground running. NORCON has built an excellent staff of employees in this market offering a full range of services to a number of top-quality clients."

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