Company enters market in downturn with new business model and equipment
Alaska Business Monthly
May 2016 www.akbizmag.com
Special section Oil & Gas
When one thinks of a fleet of cranes, one envisions a thriving economy, progress, construction, and the like. One doesn’t necessarily see the Alaska oil patch in this scenario. On a closer look, though, Calista Corporation’s wholly owned subsidiary STG Incorporated and its wholly owned subsidiary Alaska Crane emerge as contenders. After all, oil patch maintenance is ongoing, regardless of the price of oil, and exploration and development have not stopped completely. Services and support are still needed and, in that scenario, cranes are essential pieces of needed equipment.