Acquisitions in Alaska in 2022

American Pacific Mining Corp. completed a court-approved plan of arrangement to acquire all issued and outstanding common shares of Constantine Metal Resources Ltd., issuing APM shares to former Constantine shareholders under an exchange ratio of 0.881 APM shares per Constantine share. The combined company expands APM’s portfolio of precious and base-metal exploration and development projects in the western United States, including the Palmer project in Southeast Alaska.

McFarlane Aviation, a portfolio company of Vance Street Capital, has acquired Airforms, Inc., a Wasilla, Alaska-based designer and manufacturer of proprietary aftermarket PMA parts for general aviation. The transaction is McFarlane's first strategic add-on since its acquisition by Vance Street in October 2021 and will expand McFarlane's PMA catalog and engineering capabilities.

TruckPro, a Memphis-based distributor of heavy-duty truck and trailer parts, acquired the assets related to Young's Gear Denali Drivelines, a driveline, drivetrain and suspension repair shop in Fairbanks, Alaska, owned by Daryl and Joy McGhan. The deal strengthens TruckPro's footprint and service capabilities in Alaska and provides local customers access to TruckPro's broader product offerings and nationwide distribution network.

Seattle-based private equity firm Westward Partners completed a recapitalization of Three Bears Alaska, a family-owned grocery and fuel retailer, with Cascadia Capital acting as exclusive financial advisor. The transaction provides liquidity to certain shareholders while supporting Three Bears' planned growth into underserved Alaskan and Montana markets and retains majority Alaskan ownership.

Tetra Tech, Inc. has acquired Axiom Data Science, an Anchorage-based informatics and software development firm specializing in oceanic and ecological data management and analysis. Axiom will join Tetra Tech's Government Services Group to expand the firm's advanced analytics capabilities in oceans and ecosystems, supporting clients such as NOAA and NASA; terms were not disclosed.