Sept 15, 2010 - Five Rivers Services, LLC (FRS). FRS, founded in 2005, is a dynamic and rapidly growing Alaska Native Corporation (ANC), certified in the Small Business Administration’s (SBA) 8(a) program. With operations spanning the globe, FRS employs 290 personnel (250 plus 40 subcontractors) at 23 locations in the United States, Iraq, Afghanistan, Djibouti, and Kuwait.
They provide full-spectrum IT services, communications, multimedia, VTC, and training support services for the US Federal Government. Over the course of 4 years, FRS quickly became a seasoned contractor, performing on 23 separate Government contracts, 14 of which are ongoing. They are successful as validated by tremendous revenue growth from $1.7M in FY06 to $22.8M in FY09—a clear indicator of sound, mission focused business practices. FRS holds a Top Secret facility clearance supporting contracts requiring cleared personnel, many with Sensitive Compartmented Information (SCI). Since its founding, 97% of all FRS Contractor Performance Assessment Report (CPAR) ratings have been “Exceptional” or “Very Good.”
Headquartered in Colorado Springs, CO, FRS is an operating unit of Akima Management Services (AMS). AMS is a holding company with complete and total ownership of FRS and nine other companies. FRS and AMS branch offices are physically located next door to each other in the same office complex in Colorado Springs, and this facilitates interaction. FRS benefits from AMS’s leadership and experiences with access to a proven corporate infrastructure. Akima is also an ANC with a 13-year history of performance on more than 70 Federal Government contracts. They use mature business systems with ISO-based procedures. Corporate support and other resources provided to FRS by Akima include Human Resources (recruiting programs and retention policies), Financial Management (DCAA-audited and CAS-compliant accounting systems), Quality Control (ISO-9001:2000 registered), Contracting (currently managing subcontracts valued at $40 million), and Safety, Health & Environmental (ensures strict adherence to DOD regulations). Akima is, in turn, 100% owned by the NANA Development Corporation (NDC), a worldwide, highly diversified, and stable corporation that generated $1.3 billion in sales in FY09. NANA is an outgrowth of the Alaska Native Claims Settlement Act of 1971, under which Alaska land usage and rights were settled and native peoples compensated. NANA is owned by the Inupiat Eskimo natives of Northwestern Alaska. The profits of all operations are returned to the 12,000 Inupiat shareholders in the form of dividends, jobs, career training, scholarships, internships, and cultural programs.
