Anchorage, Alaska, January 6, 2026 – NANA Regional Corporation Inc. (NANA) today announced it completed the acquisition of substantially all assets of Drake Construction, a Kotzebue-based general contractor with more than 40 years of experience delivering complex infrastructure projects in some of Alaska’s most remote and challenging environments. This acquisition enhances NANA’s ability to serve energy, commercial, natural resources, and federal markets while reinforcing its long-term commitment to infrastructure development across the region.
Drake Construction brings deep expertise in general contracting, civil infrastructure, utility systems, aggregate production, and marine logistics. These capabilities directly complement NANA’s existing construction, engineering, and facilities operations. Together, NANA and the Drake Construction team will offer a seamless, full-service contracting solution, from early-stage planning through turnkey execution, with a shared commitment to safety, quality, and performance.
“Welcoming the Drake Construction team and capabilities into the NANA family significantly enhances our ability to serve our clients and the region,” said John Lincoln, president & CEO, NANA Regional Corporation. “Their proven track record and deep local knowledge align with our mission to drive sustainable economic growth and improve the quality of life for our shareholders and strengthen our communities. This acquisition is a powerful step forward in building long-term value for our shareholders.”
Founded in 1968, Drake Construction has built a strong reputation for delivering high-quality projects in Western Alaska, including airports, roads, water and sewer systems, and marine infrastructure. The company’s deep roots in the region and long-standing relationships with local communities have made it a trusted partner in advancing essential infrastructure.
“Joining NANA opens the door to new opportunities for our team and the communities we serve,” said Toby Drake, president, Drake Construction. “With NANA’s resources and shared values, we’re better positioned than ever to take on complex projects that matter. We’re proud to continue our legacy of building in the region with even greater impact.”
This acquisition underscores NANA’s commitment to diversification, long-term sustainability, and community-driven economic development, with a continued focus on building infrastructure that supports the people and long-term future of Alaska.
About NANA Regional Corporation Inc.
NANA is an Alaska Native corporation owned by more than 15,500 Iñupiat shareholders. With global operations across federal and commercial markets, NANA delivers integrated solutions in engineering, logistics, construction, technology, and resource development — creating opportunity while honoring its Iñupiat heritage. Visit www.nana.com to learn more.
About Drake Construction
Based in Kotzebue and serving Western Alaska for over four decades, Drake Construction is a full-service general contractor specializing in commercial and civil construction, utility infrastructure, excavation, demolition, soil remediation, and marine logistics. Drake is recognized for its rigorous safety standards and ability to perform in some of Alaska’s harshest environments. Learn more at www.drakeconstruction.net.
