In order to form a structure that would streamline business decisions, protect core assets and allow TKC to leverage some of our stock and bond portfolio for bonding capacity to grow active companies that generate profit, TKC Development, Inc. (TKCD) was established. Founded on January 19, 2005, TKCD is a wholly owned company of The Kuskokwim Corporation that focuses on utilizing 8(a) status to obtain federal and state contracts as well as private sector projects in order to increase corporate revenues and subsequently provide dividends to shareholders.
TKCD currently oversees a wide variety of subsidiaries, with the majority of them being 8(a) certified with the others seeking 8(a) status.
What does it mean to be an 8(a) certified company?
It means you are recognized by the U.S. Small Business Administration as a certified small disadvantaged business, allowing you to have a competitive edge when applying for government contracts. Benefits of contracting an 8(a) company include:
- Sole Sourcing
- No Dollar Threshold
- A Faster Start on Work
- Simplified Contracting Process
Our current subsidiaries:
One of the newest additions to the TKC family of companies, Tumeq began operations on January 1, 2011. Based in Charleston, S.C., Tumeq was established as a 100 percent holding company of TKC Development, Inc. (TKCD) to provide business support and oversight for TKC Aerospace (TKCA) and Suulutaaq, Inc. On January, 1, 2012, 100 percent ownership of TKCA was transferred from TKCD to Tumeq.
One of Tumeq’s primary purposes is to establish a business portfolio diversification process to add new lines of business to the TKC family of companies in order to better distribute operating and market risks. In 2011, this included establishing two subsidiary companies: Green Lighting Group, LLC (GLG), which works with commercial, industrial and government clients to create customized energy-efficient lighting solutions, and Strategic Initial Outfitting Transition Solutions, LLC (SIOTS), which specializes in turnkey initial outfitting and transition management (IO&T) services for government and commercial customers. Tumeq also acquired a 100 percent interest in Precision Air, Inc., a Part 145 repair station based in Manning, S.C., which focuses on commercial aircraft composite repair.
Tumeq’s growth continued in 2012 with the formation in April of Stony River Technologies, LLC. Stony River specializes in the implementation of technologies critical to supporting the post-personal computer era. The addition of Stony River brings Tumeq’s total holdings to five companies, for which Tumeq provides all finance, accounting, contracting and human resources support. Tumeq looks forward to a successful future.
- Green Lighting Group
- Precision Air
- Stony River Technologies
- Suulutaag, Inc.
Suulutaaq, Inc., with their corporate office in Anchorage, major operations in northern California, and a satellite office in the Seattle area, executes major civil construction projects for federal, state, municipal and commercial clients. Suulutaaq is a general contractor focusing primarily on heavy civil construction associated with flood control, levee and dams, stream channelization, river channel reconstruction, habitat restoration and transportation projects. Suulutaaq has the ability to self-perform multiple facets of a project and access a wide range of subcontracting disciplines in order to provide turnkey and design/build projects. Suulutaaq partners with its clients to maximize project efficiencies, incorporate innovative ideas, and contractually finalize cost-effective construction solutions. Clients are able to draw on team members’ 100-plus years of combined experience and extensive knowledge of design and construction to ensure a well-managed project.As a Small Disadvantaged Business (SDB), Suulutaaq can partner with large, international construction companies to execute major federal and state projects. In these roles, Suulutaaq provides such companies as Kiewit Construction and Granite Construction with quality services while assisting them in meeting SDB program requirements. In California in 2013, Suulutaaq was the successful bidder on a small-business set-aside solicitation to execute a project to upgrade the Mormon Island Auxiliary Dam, an earthen dam at the Folsom Lake Dam Project near Sacramento. Suulutaaq was awarded the $46 million dollar contract by the US Bureau of Reclamation. The dam currently stands at 100 feet tall, is almost a mile long, and is 25 feet wide at the crest. When Suulutaaq completes the dam reinforcements, we will have placed an estimated 1.7 million cubic yards of material, widening the crest of the dam an estimated 80 feet. Suulutaaq is also working to strengthen the main concrete dam at Folsom Lake. In 2013 Kiewit Construction, awarded us almost $9 million in subcontracts under their prime contract with the US Army Corps of Engineers, to perform material crushing, backfilling and related services. The anticipated completion of that project work is December of 2016.Of particular note, Suulutaaq is a sub-contract partner of the design construction team awarded the $1.24 billion contract for phase 2 (segments 2 and 3) of the California High Speed Rail Project. Final designs, and the resulting work assigned to Suulutaaq are still in development, but likely will result in tens of millions in revenue.The current economy continues to make the construction arena a very competitive environment. Accordingly, Suulutaaq focuses on pursuing those opportunities that fit the company’s niche and core competencies, and our geographic presence and experience in northern California and the Pacific Northwest. In 2015 we are especially focused on expanding our backlog on Disadvantaged Business Enterprise subcontracts in California, Washington and Alaska prior to graduating that program in 2016. This approach provides the company with the highest probability of success. Suulutaaq continues to analyze opportunities within and outside of Alaska to determine the best use of its resources and looks forward to maximizing our success.
- Swift River Environment Service, LLC
- TKC Aerospace, LLC
TKC Aerospace (TKCA), based in Charleston, SC, employs a staff of aerospace and logistics professionals who are highly experienced in aerospace technologies.
We provide clients with excellence in program management, logistics support, integration engineering and maintenance management. Our customers have come to expect expert technology, financial strength, quality performance, comprehensive contract management and prompt delivery of services.The company also operates in Florida, where its primary mission is to provide high quality, serviceable aerospace ground equipment to the USAF at the test and evaluation center for air-delivered weapons, navigation and guidance systems, Command and Control (C2) systems and Air Force Special Operations Command Systems. TKCA’s Florida team consists of over 15 employees who average 26 years of experience.TKCA also subcontracts with Rolls-Royce, the global power systems company, to provide specific engine management, planner/scheduler and documentation roles at seven designated Air Force bases in the United States. This five-year agreement is designed to improve efficiencies and cost effectiveness for monitoring engine operational data. It also includes asset tracking and management in support of USAF airlift, as well as aerial refueling missions. The objective is to improve war-fighter support while providing lower cost to the government and ensuring continued utilization of small-business manufacturers.
Kuskokwim Properties, LLC
Kuskokwim Properties, LLC. (KPL) currently holds a majority interest in six apartment complexes in Anchorage and Soldotna. The real estate portfolio includes 190 units, from efficiency apartments in Anchorage to luxury Kenai River rentals.
KPL has been partners with American Multiplex Properties since 2007. American Multiplex manages the real estate portfolio for the partnership and has 37 years of experience in the multifamily and commercial real estate market. American Multiplex identifies and purchases properties that are undervalued and underperforming and increases equity with improvements and streamlined operations. 2014 was a very good year for KPL. The partnership portfolio had revenues of $2,450,000 in 2014, a 22 percent increase over 2013. The 2014 vacancy rate was less than three percent staying at roughly the same low rate as 2013.
The partnership sold a 14 unit townhouse property in midtown Anchorage realizing a roughly $400,000 gain on the sale. TKC has received roughly $2,000,000 in distributions from KPL’s partnership with American Multiplex since it began in 2007. The current equity in the real estate portfolio is over $6 Million.
In 2015, KPL is pursuing equity extraction to disburse further funds to TKC and will continue to work to identify underperforming buildings to add to the portfolio.
- Northern Lights Manor, Inc.
- Riverhome, LLC
- West Midtown Gardens, LLC
- West Midtown Place, LLC
- West Midtown Pointe, LLC
- West Midtown Village, LLC