Acquisitions in Alaska, United States

Cook Inlet Region, Inc. (CIRI) announced it has purchased HABCO Industries, LLC, an aerospace manufacturer that designs and produces support and test equipment for commercial and defense aviation. The acquisition expands CIRI’s portfolio and positions HABCO to accelerate growth while continuing to serve commercial, government, and military customers through its global operations.

The Blackhawk Group (TBG) acquired Silver Sky Aviation, an aircraft maintenance operation based in Wasilla, Alaska, expanding TBG’s Performance Center Network to a sixth location. Silver Sky will operate as a Blackhawk Performance Center, extending TBG’s service footprint into Alaska; financial terms were not disclosed. The Blackhawk Group is a portfolio company of New State Capital Partners.

BioMatrix Infusion Pharmacy acquired LUX Infusion, effective October 17, 2025, expanding its ambulatory infusion footprint into Alaska. LUX Infusion operates three ambulatory infusion centers across Alaska, and the combination is intended to enhance BioMatrix’s clinical capabilities, extend home infusion nursing reach into the Pacific Northwest, and support continued national growth.

Vicinity acquired DanTech Services, combining two managed IT service providers into a single technology organization. The deal expands Vicinity’s operational depth and regional reach across Alaska (including the North Slope), Hawaii, Guam, and the Pacific Northwest, strengthening its ability to deliver enterprise-grade IT solutions while maintaining service continuity for clients.

Silver Bay Seafoods will acquire Icicle Seafoods' 50% ownership stake in OBI Seafoods, in a transaction jointly announced with Bristol Bay Economic Development Corporation (BBEDC). Following the acquisition, Silver Bay will manage all OBI facilities and operations across Alaska and Washington, while BBEDC will retain its 50% ownership interest. The deal also marks Cooke Aquaculture's effective exit from Alaska's wild salmon business via its prior ownership of Icicle Seafoods.

Pacific Seafood and Trident Seafoods announced the completion of Pacific Seafood’s acquisition of Trident’s Kodiak, Alaska processing operations. The deal includes the Star of Kodiak, Alkod, and Kodiak Near Island processing plants, as well as the Plaza bunkhouse apartments, with Trident’s Kodiak employees being retained by Pacific Seafood.

Grain Management, LLC completed the acquisition of QSH Parent Holdco LLC (Quintillion), a fiber-based connectivity provider serving Alaska and the North American Arctic. Quintillion provides broadband connectivity, satellite ground station, and edge processing services to government and commercial telecom customers, and the deal adds Quintillion’s high-capacity network to Grain’s broadband and communications infrastructure portfolio. Financial terms were not disclosed.

McFarlane Aviation, a portfolio company of Vance Street Capital III, L.P., acquired Airforms, Inc., a designer and manufacturer of proprietary aftermarket PMA parts for the general aviation sector. The deal represents McFarlane’s first strategic add-on acquisition since Vance Street acquired McFarlane in October 2021 and expands McFarlane’s proprietary PMA parts catalog and engineering capabilities.

TruckPro, LLC acquired the assets related to the operations of Young's Gear Denali Drivelines, Inc., expanding its heavy-duty truck and trailer parts service operations. Young's Gear, owned by Daryl and Joy McGhan and based in Fairbanks, Alaska, is a leading undercarriage, drivetrain, and suspension service and repair shop specializing in transmission and driveshaft rebuilding.

Westward Partners, a Seattle-based private equity firm, completed a recapitalization of Three Bears Alaska, a family-owned multi-unit retailer selling groceries, fuel, and essential products. Cascadia Capital acted as exclusive financial advisor to Three Bears Alaska, and the transaction provides liquidity to certain shareholders while supporting continued expansion; Three Bears remains majority owned by Alaskans after the investment.

Tetra Tech, Inc. acquired Axiom Data Science, a climate-focused oceanic and ecological data management and analytics firm headquartered in Anchorage, Alaska. The acquisition expands Tetra Tech’s advanced climate data analytics capabilities in oceans and ecosystems, and Axiom will join Tetra Tech’s Government Services Group. Financial terms were not disclosed.

Hub International Limited acquired the assets of SGY, Inc. (d/b/a Shattuck & Grummett Insurance), an insurance agency based in Juneau, Alaska. Shattuck & Grummett provides commercial and personal insurance and employee benefits services to Alaska businesses and individuals, and its owners and team will join Hub Northwest. Financial terms were not disclosed.

Tiger Infrastructure Partners acquired a controlling interest in IC Alaska Airport LLC, which will be renamed NorthLink Aviation. The investment will fund development and construction of a purpose-built air cargo terminal at Ted Stevens Anchorage International Airport under a long-term lease with the State of Alaska.

Convergint announced the acquisition of two business units from ATS Companies: ATS Alaska and ATS Facility Systems. The deal expands Convergint’s presence in the Northwestern United States and establishes its first technology center in Alaska. The acquired units provide integrated systems services including security, audio-visual, HVAC controls, and fire/life safety solutions.

Kelley Connect acquired Royal Business Systems (Anchorage) and Northern Business Systems (Fairbanks) to expand its office technology and business solutions coverage across Alaska. The acquisitions strengthen Kelley Connect’s presence in the Pacific Northwest and enable it to service the entire state with local offices while retaining employees and supporting growth.

Applied Underwriters plans to complete its acquisition of Alaska Timber Insurance Exchange (ATIE) as soon as Q4 2021, following ATIE’s conversion from a reciprocal exchange to a stock insurance company and receipt of regulatory approvals. The transaction, agreed in September 2020, includes North American Casualty Company purchasing ATIE.

ATN International, Inc., together with financial partner Freedom 3 Capital, acquired all outstanding shares of Alaska Communications Systems Group, Inc. for $3.40 per share in cash. The all-cash deal valued at approximately $343 million including net debt resulted in Alaska Communications becoming privately held, with ATN holding a majority ownership stake.

USI Insurance Services acquired Sitka, Alaska-based Venneberg Insurance, an independent risk management and insurance agency serving businesses and individuals across Southeast Alaska. Following the transaction, Venneberg Insurance’s employees, including owner and principal Mike Venneberg, will join USI. Financial terms were not disclosed.

Ascent Global Logistics announced it has acquired Hageland Aviation Services, LLC, an Alaska-based aviation services provider. The company also launched Rambler Air, LLC, a new Alaska-focused air service provider offering commuter flights plus passenger and cargo charter services, headquartered in Anchorage.

Voyager Space Holdings, Inc. announced its intent to acquire The Launch Company, subject to customary closing conditions. The Launch Company, based in Anchorage, Alaska, develops standardized launch-related hardware, ground support equipment, and processes to help space companies access orbit faster and more reliably. The deal is positioned as Voyager’s first acquisition in the launch category as it pursues greater vertical integration across the space supply chain.

Bristol Bay Native Corporation (BBNC) plans to acquire Blue North Fisheries and Clipper Seafoods, expanding its presence in the Bering Sea longline cod fishery. After closing on 30 September, the two businesses will be organized under Bristol Bay Alaska Seafoods, a newly formed BBNC subsidiary, as BBNC re-enters the seafood industry.

Alera Group acquired Wilson Albers & Company, LLC, an Anchorage-based provider of insurance, retirement, and human resources-related employment resources. The deal expands Alera Group’s presence in the U.S. Northwest; financial terms were not disclosed.

Hub International Limited acquired the assets of Denali Alaskan Insurance, LLC (DAI), an Anchorage, Alaska-based provider of property and casualty insurance solutions. DAI is a wholly owned subsidiary of Denali Federal Credit Union, and its team will join Hub Northwest. Financial terms were not disclosed.

HUB International Limited has acquired Pippel Insurance Agency, Inc., a multi-line insurance brokerage headquartered in Palmer, Alaska; financial terms were not disclosed. Following the deal, Pippel will be integrated into HUB International Northwest (HUB Northwest) to expand HUB’s local presence and capabilities in the Alaskan market.

Crowley Petroleum Distribution Group, LLC acquired Taku Oil Sales, Inc., a family-owned petroleum distributor serving Juneau, Alaska and surrounding areas. The transaction supports Crowley’s growth in the southeast Alaska market while maintaining continuity for Taku Oil’s operations and employees. ACT Capital Advisors, LLC advised on the deal as the founders pursued an exit tied to a retirement plan.

Crowley Petroleum Distribution Group, LLC acquired Anderes Oil, Inc., a family-owned petroleum distributor serving Ketchikan, Alaska and surrounding areas. The deal supports Anderes Oil founders’ retirement-driven exit while aiming for a seamless operational transition with employees joining the Crowley team.