Alaska Communications to Be Acquired by Macquarie Capital, GCM Grosvenor in $300 Million Transaction
The transaction will result in Alaska Communications becoming a privately held company and is expected to close in the second half of 2021.
Tag: Mergers and Acquisitions
Wheels Up: Ravn Will Return to the Skies Under New Ownership
Ravn Alaska is operating under new ownership and preparing to get back in the air with a new leadership team: CEO Rob McKinney, President Tom Hsieh, Chief Compliance Officer Dan Kitchens, and Chief Financial Officer Jim Day, all of whom have years of experience in the aviation industry.
Ravn Air Group Successfully Sells RavnAir Alaska and PenAir
Approval for the sale of all twelve lots of Ravn Air Group assets was granted today at the final Bankruptcy Court hearing—including, in a last-minute turn of events, Ravn Air Group’s two Anchorage-based Part 121 passenger air carriers, RavnAir Alaska and PenAir.
Ravn Air Group Approved to Receive $31.6 Million in CARES Act Payroll Support Program Grants
Subject to Bankruptcy Court approval, the funds would be available to Treasury-approved bidders seeking to buy the entire air group in an upcoming Chapter 11 sale process.
Alaska USA Federal Credit Union to Acquire TCF Bank Branches in Arizona
Alaska USA Federal Credit Union and TCF National Bank announced Alaska USA has signed a definitive agreement to acquire TCF Bank’s seven branches located in the greater Phoenix, Arizona, market, along with deposits and certain related assets.
The Wilson Agency, Albers & Company Become Wilson Albers, an Alera Group Company
The Wilson Agency and Albers & Company are changing their name and brand as part of the ongoing evolution of the company.
South32, Trilogy Metals to Form UKMP Joint Venture
South32 Limited and Trilogy Metals announced that South32 has exercised its option to acquire a 50 percent interest in a joint venture company that will own the Upper Kobuk Mineral Projects.
Retailer Summit Spice and Tea Buys Ecommerce Store Alaska Artisanal
Summit Spice & Tea Co., Anchorage’s largest specialty food retail store, announced the purchase of ecommerce gift box and specialty food online store Alaska Artisanal.
Alaska National Definitively Agrees to Be Acquired by CopperPoint
CopperPoint Insurance Companies, a western-based regional commercial insurance company, announced an agreement to acquire Alaska National Corporation and its wholly owned subsidiary Alaska National Insurance Company.
BP to Sell Alaska Business to Hilcorp
BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion.