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Bristol Bay Native Corporation purchases fuel businesses in Bristol Bay

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FOR IMMEDIATE RELEASE
August 3, 2015

CONTACT:
Jason Metrokin, President and CEO, jmetrokin@bbnc.net
Jeffrey Sinz, Sr. Vice President and CFO, jsinz@bbnc.net
(907) 278-3602

Bristol Bay Native Corporation purchases fuel businesses in Bristol Bay 

Anchorage, AK – Bristol Bay Native Corporation (BBNC) is pleased to announce the purchase of Bristol Express Fuels, Inc., Bristol Alliance Fuels, LLC, and certain assets of Bristol Commercial Properties, LLC, located in Dillingham, Alaska. BBNC completed the acquisitions on July 31, 2015.

Investing within the Bristol Bay region has been a priority for BBNC over the past several years. This acquisition will position BBNC as a significant distributor of fuel products in the Dillingham area of Bristol Bay.

Under BBNC’s ownership, Bristol Alliance Fuels will operate a 2.95 million gallon tank farm, a marine fueling facility, and the Bristol Express retail gas station and convenience store. The business supplies diesel fuel, regular unleaded gasoline, aviation gasoline, Jet A and propane to commercial and residential customers in Dillingham and the surrounding area. In addition to fuel delivery and sales, Bristol Alliance Fuels also provides fuel terminaling, docking, storage, and barge haul-out services. The company employs 20 people in Dillingham.

“BBNC is very excited about the purchase of Bristol Express Fuels and Bristol Alliance Fuels,” said Jason Metrokin, president and chief executive officer of BBNC. “This acquisition aligns with our in-region investment strategy, and the business fits into BBNC’s existing Petroleum Distribution line of business. We look forward to the opportunities this investment will bring to Bristol Bay and BBNC shareholders.”

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About BBNC: Bristol Bay Native Corporation is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971(ANCSA), BBNC works to ensure the continuation of the life and culture of its more than 10,000 shareholders—the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.