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Bakken temporary housing co. grows 55,000% over 3 years

Lydia Gilbertson | Shale Plays Media Google+

The Bismarck Tribunes’ Jessica Holdman reported today that Reliant Asset Management, a temporary housing management company in western North Dakota, ranked third on a list of the fastest growing private businesses by Inc. Magazine. Reliant has grown 55,000 percent in three years to over $85 million.

Based in Arlington Va, the company operates eight man camps in North Dakota. Though it is not hard to see why a company like Reliant would prosper in an environment like in western North Dakota’s oil boom, it also has many similar projects across the country and Canada.  The company owns Bakken Residence Suites and Watford Place in Watford City.  Generally, it sells and leases the modular buildings used not only for temporary worker housing, but also education, commercial, healthcare, and government markets.

The Bismarck Tribune reports:

“[Barry] Roman [Co-founder of Reliant] said many oil related companies are not paying for living and travel expenses like they were two years ago. He said now many are compensating their workers per diem to incentivize them to move and live in North Dakota. Because of this, he said Reliant’s more cabin-like camps are becoming popular.”

Read more: Temporary housing company named third fastest growing private business

Related: Federal worker housing coming to Dickinson

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