Acquisitions in Alaska in 2021

Hub International Limited acquired the assets of SGY, Inc. (d/b/a Shattuck & Grummett Insurance), a fourth-generation insurance agency based in Juneau, Alaska. The transaction brings the Shattuck & Grummett team into Hub Northwest to expand Hub's commercial, personal and employee benefits capabilities in Alaska; terms were not disclosed.

Tiger Infrastructure Partners acquired a controlling interest in IC Alaska Airport LLC, which has been renamed NorthLink Aviation, to fund and develop a 120-acre air cargo terminal at Ted Stevens Anchorage International Airport under a 55-year lease. The investment will finance construction of a purpose-built cargo terminal with warehouses, fueling and deicing infrastructure and support services to capitalize on growing trans-Pacific air cargo volumes.

Convergint acquired two business units from ATS Companies — ATS Alaska and ATS Facility Systems — marking Convergint’s first technology center in Alaska and expanding its Northwest footprint. More than 75 ATS colleagues will join Convergint, strengthening capabilities across Washington, Oregon, Montana, Idaho, Colorado, Wyoming and Alaska.

Kelley Connect has acquired Royal Business Systems (Anchorage) and Northern Business Systems (Fairbanks), expanding its footprint across the state of Alaska and establishing five local Kelley Connect offices. The acquisitions are intended to retain existing employees, expand service capacity for office-technology and document-management solutions, and provide full-state coverage for Kelley Connect's customers.

Applied Underwriters announced it expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) following ATIE's conversion to a stock company and receipt of regulatory approvals. The Ketchikan, Alaska–domiciled reciprocal, which writes non-assessable workers' compensation policies and holds an AM Best A- rating, will be purchased as part of a transaction that references North American Casualty Company as the acquiring entity for ATIE.

ATN International, together with financial partner Freedom 3 Capital, completed an all-cash acquisition of Alaska Communications Systems Group, Inc. for $3.40 per share, a transaction valued at approximately $343 million including net debt. The deal, which closed in July 2021 after stockholder approval, takes Alaska Communications private and gives ATN a majority ownership stake as part of its US telecom expansion.