What NUNASI CORPORATION does

Nunasi Corporation is a 100% Inuit-owned development corporation founded in 1976 and headquartered in Iqaluit, Nunavut. Originally established as the Inuit Development Corporation by Inuit Tapiriit of Canada (now Inuit Tapiriit Kanatami), Nunasi operates as a diversified holding company whose ownership is distributed across the three regional Inuit associations representing all Nunavut beneficiaries (Qikiqtani, Kivalliq, and Kitikmeot). The corporation's mandate is to create wealth for Nunavummiut through responsible business development across four priority sectors: health services, energy, infrastructure, and federal procurement.

Nunasi's portfolio comprises 13+ subsidiaries and joint ventures spanning medical boarding homes (the four Larga entities serving patients from each Nunavut region in Edmonton, Yellowknife, Ottawa, and Winnipeg), petroleum product distribution (Nunavut Petroleum Corporation and Uqsuq Corporation), construction and commercial real estate (NCC Investment Group, 25% owned), federal defense logistics (Nasittuq Corporation, majority-owned, operating CFS Alert and the North Warning System for DND and the U.S. Air Force), optical retail (Polar Vision and Baffin Optical), telecommunications (Ardicom, 33.3% via NASCO), freight forwarding and logistics (Malca-Amit NWT, 51%), and in-house financial services (Nunasi Financial Services, established 2013). Many holdings are structured as joint ventures with regional Inuit development corporations (Qikiqtaaluk, Sakku, Kitikmeot) or with private-sector partners such as ATCO Frontec.

Nunasi's revenue model is that of a holding company generating returns through equity stakes in operating subsidiaries and joint ventures, with limited direct revenue at the corporate level. The company has 11-50 corporate employees and outsources operating execution to its portfolio companies. Its primary customers are the Government of Canada (notably DND via Nasittuq), the Government of Nunavut, and Inuit beneficiaries across all three Nunavut regions. The corporation's go-to-market centers on direct government contracting relationships, federal Indigenous procurement set-asides (the 5% commitment), and partnerships with regional Inuit associations, rather than traditional marketing or distribution channels. Pricing is not publicly disclosed and varies by subsidiary and service line.

Name

NUNASI CORPORATION

Legal name

Nunasi Corporation

Website

https://nunasi.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Nunasi Corporation is a 100% Inuit-owned, Iqaluit-based development holding company founded in 1976, investing across health services, energy, infrastructure, and federal procurement through subsidiaries and joint ventures serving the Government of Canada, Government of Nunavut, and Inuit beneficiaries across Nunavut.

Ownership category

akta.pro rank

Product category

Indigenous Development Holding Company

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114), Offices of Other Holding Companies (551112), Management of Companies and Enterprises (5511)

SIC

Investors, Nec (6799), Non-Operating Establishments (9995)

akta.pro primary industry

Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)

Keywords

• Indigenous investment holdings
• Health services
• Energy distribution
• Infrastructure development
• Federal procurement

Headquarters

HQ city

Iqaluit

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Diversified Investment Holdings: Nunasi generates returns through a portfolio of subsidiaries and joint ventures across health services, energy, infrastructure, federal procurement, retail, transportation, manufacturing, insurance, travel, education, multimedia, digital communications, bulk fuel storage and supply, and commercial real estate. The corporation serves as a holding company that creates wealth for Nunavummiut through responsible business development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Nunasi Corporation operates as a 100% Inuit-owned diversified development holding company that invests in and manages subsidiaries and joint ventures across four priority sectors: health services (medical boarding homes and optical services), energy (petroleum distribution and bulk fuel storage), infrastructure (construction and commercial real estate), and federal government procurement (site-support and program management for DND). The corporation generates returns through equity stakes in operating businesses that deliver services across Nunavut and to Inuit beneficiaries in the three regions of Qikiqtani, Kivalliq, and Kitikmeot.

Product overview

Nunasi Corporation operates as a diversified investment holding company with a portfolio of subsidiaries and joint ventures across four priority sectors: health services, energy, infrastructure, and federal procurement. The company does not offer a single unified product but rather maintains ownership stakes in multiple independent business units. Health services include the Larga medical boarding home network (Larga Ltd, Larga Kitikmeot, Larga Baffin, Larga Kivalliq) and optical services (Polar Vision, Baffin Optical). Energy investments include Nunavut Petroleum Corporation and Uqsuq Corporation. Infrastructure is served through NCC Investment Group. Federal procurement is handled via Nasittuq Corporation. Additional investments span telecommunications (Ardicom), logistics (Malca-Amit), and financial services (Nunasi Financial Services).

Differentiator

Problem solved

Functional benefit

Products and services

• Larga Ltd Medical boarding home providing accommodation, translation, and transportation services in Edmonton for patients travelling from the Mackenzie and Kitikmeot regions.
• Larga Baffin Company with a residence in Ottawa, Ontario providing safe and comfortable accommodation for Inuit travelling from the Baffin region of Nunavut for medical services. Also coordinates local transportation and return travel.
• Polar Vision Optical services provider offering frames, prescription glasses, sunglasses, and contact lenses in Yellowknife since 1986. Provides personalized services for adults and children, contact lens assistance, precise grinding of prescription lenses, and expert adjustments.
• Nunavut Petroleum Corporation Joint venture between Nunasi (51% ownership) and Qikiqtaaluk Corporation (49%) focused on petroleum products distribution and related energy services in Nunavut.
• NCC Investment Group Construction and real estate development corporation providing infrastructure services across Nunavut. Nunasi holds 25% ownership along with Sakku Investments, Kitikmeot Corporation, and Qikiqtaaluk Corporation.
• Nasittuq Corporation Site-support services and program management for the Federal Government for the maintenance and operation of CFS Alert and the North Warning System on behalf of the Department of National Defense and the U.S. Air Force.
• Malca-Amit Freight forwarding, logistics, warehousing, and air cargo services company operating across Northern Canada. Nunasi holds 51% ownership through Nunasi Corporation with Malca-Amit New York Inc. holding 49%.
• Nunasi Financial Services (NFS) 100% Inuit-owned financial services company established in 2013 to provide financial and management services (bookkeeping and advisory) to Nunasi subsidiary companies and related businesses across Nunavut and Canada.

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• Nasittuq CorporationcoreStrategic or Co-development PartnerNunasi is a majority shareholder in Nasittuq, a partnership with Pan-Arctic Inuit Logistics (PAIL) and ATCO Frontec. Nasittuq provides site-support services and program management for the Federal Government for the maintenance and operation of CFS Alert and the North Warning System (NWS) on behalf of the Department of National Defense (DND) and the U.S. Air Force.
• NCC Investment GroupcoreStrategic or Co-development PartnerNCC Investment Group is a partnership between Nunasi, Sakku, Kitikmeot Corporation, and Qikiqtaaluk corporations, each holding 25% ownership. NCC provides construction, development, and commercial real estate services across Nunavut. The company contracts with federal government for infrastructure projects benefiting Nunavut communities.
• Nunavut Petroleum CorporationcoreStrategic or Co-development PartnerNunasi holds 51% ownership and Qikiqtaaluk Corporation holds 49% in Nunavut Petroleum Corporation, which focuses on petroleum product distribution and development in Nunavut.
• Uqsuq CorporationcoreStrategic or Co-development PartnerUqsuq Corporation is a partnership between Nunavut Petroleum Corporation and ATCO Frontec. The company provides fuel distribution services in Nunavut, supplying communities with petroleum products.
• Larga Ltd.coreStrategic or Co-development PartnerLarga Ltd. is a joint venture between Nunasi (37.5%), Gwich'in Development Corporation (37.5%), and Kitikmeot Corporation (25%). Larga operates a medical boarding home providing accommodation, translation, and transportation in Edmonton for patients from the Mackenzie and Kitikmeot regions.
• Larga BaffincoreStrategic or Co-development PartnerLarga Baffin is equally owned by Nunasi Corporation and Qikiqtaaluk Corporation. It provides a residence in Ottawa, Ontario for Inuit from the Baffin region of Nunavut traveling for medical services, including coordinating local transportation and return travel.
• Larga KivalliqcoreStrategic or Co-development PartnerLarga Kivalliq is equally owned by Nunasi Corporation and Sakku Investments. It operates the Kivalliq Inuit Centre boarding home in Winnipeg providing medical boarding facilities for 80 patients from the Kivalliq Region of Nunavut.
• Larga KitikmeotcoreStrategic or Co-development PartnerLarga Kitikmeot is equally owned by Nunasi Corporation and Kitikmeot Corporation. It provides a safe and comfortable home atmosphere for Inuit from the Kitikmeot region of Nunavut traveling for medical services.
• ArdicomminorStrategic or Co-development PartnerNunasi owns 33.3% of Ardicom, which provides telecommunications and IT services across the North, including network services and communications infrastructure. Ardicom provides services to NorthwesTel and northern communities, with WAN services to 58 communities in the North.
• Malca-AmitminorStrategic or Co-development PartnerNunasi holds 51% ownership in Malca-Amit NWT while Malca-Amit New York Inc. holds 49%. Malca-Amit provides freight, forwarding, logistics, and supply chain services across Northern Canada.
• NASCO (Northern Aboriginal Services Company)minorStrategic or Co-development PartnerNunasi holds 25% of NASCO, a joint venture between Denendeh, Yukon All, and Inuvialuit Development Corporations. NASCO provides various services including 33.3% ownership in Ardicom.
• Pan-Arctic Inuit Logistics (PAIL)coreChannel Partner/ Reseller/ DistributorPAIL is a partner in the Nasittuq joint venture that provides site-support services for the Federal Government. Part of the Pan-Arctic Inuit logistics network supporting northern operations.
• ATCO FronteccoreStrategic or Co-development PartnerATCO Frontec is a partner in the Nasittuq joint venture and Uqsuq Corporation, providing infrastructure and logistics services for federal government operations and fuel distribution across Nunavut.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Inuvialuit Regional Corporation: Inuvialuit-owned corporation managing the IFA land claim settlement in the NWT (Inuvialuit Settlement Region). Operates a diversified investment portfolio of subsidiaries and JVs across the Western Arctic — direct functional peer in mandate, ownership, and Arctic-region exposure.
• Qikiqtaaluk Corporation: Baffin-region Inuit-owned corporation and a primary Nunasi JV partner (co-holding Nunavut Petroleum Corporation 49%, Larga Baffin 50%, NCC, Uqsuq, and Ardicom). Equivalent mandate and ownership model but geographically restricted to the Qikiqtani region.
• Makivik Corporation: Inuit-owned land claim corporation for Nunavik (northern Quebec), operating a diversified portfolio of subsidiaries in airlines, shipping, construction, hospitality, and real estate. Makivik is the most direct functional analog to Nunasi: same mandate, same ownership structure (Inuit beneficiaries), same multi-sector holding-company model serving a remote Arctic population.
• Gwich'in Development Corporation: Gwich'in-owned development corporation for the NWT Gwich'in Settlement Area and a co-owner of Larga Ltd alongside Nunasi. Comparable mandate (Indigenous beneficiary-owned development corporation managing health/energy/infrastructure investments), though smaller in scale.
• Pan-Arctic Inuit Logistics (PAIL): Inuit-owned logistics partnership and co-equity holder in Nasittuq alongside Nunasi and ATCO Frontec. Operates Arctic logistics services for federal/defense customers — a tightly overlapping peer in the defense-contract and northern-logistics niche.
• Sakku Investments Corporation: Kivalliq Inuit-owned investment corporation and one of Nunasi's core JV partners (with co-investments in NCC Investment Group and Larga Kivalliq). Same beneficiary-driven holding model focused on Kivalliq-region economic development.
• Nunatsiavut Group of Companies: Inuit-owned holding company for the Nunatsiavut region of Labrador with subsidiaries in property, construction, oilfield services, and marine operations. Functions as the Inuit development corporation for Labrador and is one of the three primary Canadian Inuit development corporations comparable to Nunasi — former Nunasi CEO Clint Davis chaired NGC's board for over eleven years.
• Kitikmeot Corporation: Kitikmeot-region Inuit-owned economic development corporation and a core Nunasi JV partner (co-owned subsidiaries include Larga Ltd, Larga Kitikmeot, NCC, and Uqsuq). Direct functional peer by ownership structure and mandate, but with narrower regional scope than Nunasi's Pan-Nunavut coverage.

Broad incumbents

• ATCO Frontec: Subsidiary of ATCO Ltd providing remote-site logistics, operations, and infrastructure services to defense and northern customers. Strategic JV partner in Nasittuq and Uqsuq; a larger incumbent whose operational capabilities and capital base Nunasi accesses through partnership rather than ownership.

Regional players

• Yukon Development Corporation: Yukon government's economic development arm investing in energy and infrastructure. Adjacent peer in mandate (territorial economic development via holdings in energy, infrastructure) and a comparable regional holding role, though owned by the Yukon government rather than Indigenous beneficiaries and operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries14 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NUNASI CORPORATION