VECO Corporation was an Alaska-based oil pipeline service and construction company until its purchase in September 2007 by CH2M HILL. As of that date, the VECO Corporation ceased to exist. Founded in 1968 as Veltri Enterprises by Wayne Ray Veltri, renamed VE Construction after being bought in 1970 by Bill Allen and in 1979 to the current VECO Corp. The company grew to become a major player in the Alaskan oil industries\' support. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets.