ASG Partners Spring 2009 News & Events

Lakeside Corporation Acquired In April 2009, Lakeside Corporation of Sitka, Alaska was sold to The North West Company. Lakeside had been a family owned company dating back to the 1950s. Lakeside’s acquirer is a $1.4 billion operation with 222 locations in 10 countries. Through its Alaska Commercial (ACC) subsidiary, the North West Company has operations in communities throughout Alaska. ACC was born in Sitka in 1867, just days before Alaska was transferred to American control. According to ACC’s President, the acquirer wants to continue the service that Lakeside has always provided to Sitka.

Lakeside Corporation Sitka, AK has been acquired by The North West Company Winnipeg, CN ASG Partners acted as exclusive advisor to the Seller

ASG Partners in the Media

Use Downturn for Planning
Puget Sound Business Journal, March 2009

ASG Managing Partner Mike Grubb comments on the current market conditions and provides advice for business owners who are planning their eventual retirement. The economic climate and market conditions are always changing, but one thing remains constant: business owners that plan their exit 3-5 years in advance realize substantially more value.


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