Westward Partners, a private equity fund, has capitalized Three Bears Alaska, a groceries and essentials retailer. Cascadia Capital, an independent advisory firm, advised TBA on the deal.
Founded in Alaska in 1980, Three Bears is a family-owned retailer that has grown over the past four decades to become one of Alaska’s largest family-owned retailers. Cascadia Capital is an independent pure advisory firm providing entrepreneurs and private equity firms with merger and acquisition advice, capital raising, and strategic advisory services. The acquisition represents another successful multi-unit retail transaction for Cascadia, following the sale of Northwest Motorsports.
“Success in Alaska requires operational flexibility and exceptional market knowledge,” noted James Cartales, managing director at Cascadia Capital. “Three Bears Alaska is a best-in-class retailer with a unique competitive moat and Cascadia was pleased to help enable its next phase of growth. The Westward team brings a strong partnership approach, a track record in Alaska and was a pleasure to collaborate with throughout the transaction process as they worked hard to complete this transaction smoothly.”