M&A Deal Summary

Westward Partners Acquires Three Bears Alaska

On March 18, 2022, private equity firm Westward Partners acquired retailer Three Bears Alaska

Acquisition Highlights
  • This is Westward Partners’ 1st transaction in the Retail sector.
  • This is Westward Partners’ 7th transaction in the United States.
  • This is Westward Partners’ 2nd transaction in Alaska.

M&A Deal Summary
Date 2022-03-18
Target Three Bears Alaska
Sector Retail
Buyer(s) Westward Partners
Deal Type Recapitalization
Advisor(s) Cascadia Capital LLC (Financial)

Target

Three Bears Alaska

Wasilla, Alaska, United States
Three Bears Alaska is a chain of grocery stores that provides customers with quality goods and services. Three Bears Alaska was founded in 1980 and is based in Wasilla, Alaska.

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Buyer(S) 1

Buyer

Westward Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Westward Partners is a private equity firm focused on investing in lower middle-market companies in the Western-US and Canada. Target companies typically have revenues of $20 to $500 million and up to $25 million of EBITDA. Sectors of interest include business services, consumer products, energy services, forest products, manufacturing, packaging, and transportation/logistics. Westward Partners was formed in 2010 and is based in Seattle, Washington.

DEAL STATS #
Overall 12 of 13
Sector (Retail) 1 of 1
Type (Recapitalization) 1 of 1
State (Alaska) 2 of 2
Country (United States) 7 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Superfeet Worldwide

Essex, United Kingdom

Superfeet Worldwide is a manufacturer of an innovative insoles featuring the Superfeet shape, helping millions of people worldwide experience unparalleled comfort, pain relief and performance. Superfeet Worldwide is based in Essex, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Globe Machine Manufacturing

Tacoma, Washington, United States

Globe Machine Manufacturing is a manufacturing company supplying machinery for the Door and Plywood Industry. Globe Machine Manufacturing was founded in 1917 and is based in Tacoma, Washington.

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