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ASRC Federal Holding Company
ASRC Federal, a wholly-owned subsidiary of Arctic Slope Regional Corporation (ASRC), supports U.S.
ASRC Federal Holding Company
ASRC Federal was founded in 2003 as a wholly-owned subsidiary of Arctic Slope Regional Corporation (ASRC), an Alaska Native corporation owned by more than 14,000 Iñupiaq shareholders. President and CEO Jennifer Felix, who joined in 2019 and became CEO later, leads a family of businesses structured to generate earnings that support shareholder dividends and community development. The company serves federal civilian, defense, and intelligence agencies through contracts spanning space exploration, cybersecurity, military base operations, supply chain logistics, and public health. It has confirmed positions at NASA (supporting the Orion vehicle for Artemis missions), the FAA (second-level engineering services), and the Department of Defense (through its Defense Logistics Agency supply chain partnership). In 2023, ASRC Federal acquired SAIC’s supply chain management and logistics business unit and Broadleaf, Inc. — the two largest acquisitions in company history — expanding its workforce by nearly 1,000 employees (per firm website). ASRC Federal employs approximately 9,000 people and operates through five operating groups: Space; Civilian & Health; Defense & Intelligence; Supply Chain Management & Logistics; and a Strategic Engagement office led by former NASA astronaut Scott Altman. The company has contributed directly to ASRC distributing more than $2 billion in dividends to shareholders since its founding (per firm website). A May 2024 press release announced that ASRC Federal is CMMC Level 2 Certified, demonstrating its cybersecurity posture. The company’s structural differentiator is its ownership by an Alaska Native corporation — rather than external investors, its earnings flow to Indigenous American shareholders. This mandate means the firm prioritizes long-term dividend generation and community reinvestment over quarterly returns, a governance model that shapes its contract selection and capital allocation.
General information
Firm type
Single Family Office
Year founded
2003
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Beltsville
Corporate office
Beltsville, MD, United States
Principals
Jennifer Felix
President and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at ASRC Federal?
Jennifer Felix serves as president and CEO, responsible for overall vision, strategy, and financial performance. She joined ASRC Federal in 2019 as EVP and COO and became CEO later. The parent company, Arctic Slope Regional Corporation (ASRC), sets dividend policy (per firm website).
Is ASRC Federal structured as a single family office or does it operate more like a federal contractor?
ASRC Federal is a government services contractor, not a classic single family office. It is wholly owned by Arctic Slope Regional Corporation (ASRC), which acts as an Alaska Native corporation with a mandate to generate dividends for its Iñupiaq shareholders. The firm's earnings flow to ASRC, which then distributes dividends.
What investment stages does ASRC Federal typically target?
ASRC Federal does not make external investments; it pursues federal government contracts through its operating groups. It has acquired businesses to expand capabilities, such as the 2023 acquisitions of SAIC’s supply chain business and Broadleaf, Inc. (per firm website).
Which sectors does ASRC Federal explicitly avoid?
The firm does not publicly disclose explicit avoidance sectors. Its stated focus is on federal civilian, defense, intelligence, and health missions — no commercial or international contracting disclosed.
How is ASRC Federal related to Arctic Slope Regional Corporation (ASRC)?
ASRC Federal is a wholly-owned subsidiary of Arctic Slope Regional Corporation (ASRC). ASRC is an Alaska Native corporation owned by over 14,000 Iñupiaq shareholders. ASRC Federal's earnings support shareholder dividends and community initiatives (per firm website).
Where does the underlying wealth come from?
The wealth originates from the Alaska Native Claims Settlement Act of 1971, which established regional corporations like ASRC to manage lands and assets for Alaska Native people. ASRC's subsidiary, ASRC Federal, generates earnings through federal contracts.
Does ASRC Federal maintain philanthropic structures, and how are they separated?
ASRC Federal does not disclose a separate foundation. However, its parent ASRC uses dividends for shareholder community development, including community improvements, scholarships, and workforce development. The firm's earnings are a primary source of these initiatives.
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