Chinook Capital Advisors represents owner of Doolittle Construction in acquisition by NCA Partners
Chinook Capital Advisors, a leading M&A advisory firm serving the needs of Pacific Northwest business owners, acted as the exclusive advisor to Bellevue-based Doolittle Construction in its acquisition by NCA Partners, LLC, a Seattle-based private equity firm.
Doolittle Construction is a third-generation, 74-year-old company that was founded by the Doolittle family to provide road and bridge repair in Washington State. Doolittle is now a premier road repair and maintenance contractor serving public customers at the state, county and city levels as well as private customers. Doolittle specializes in chip seal surface treatment and provides related services such as crack sealing, and seal coating.
“Chinook’s understanding of the unique aspects of our industry, including seasonality, working capital management, working with government agencies, and dealing with unions helped us navigate this complex process,” said Tom Doolittle, owner. “Chinook was able to introduce us to multiple buyers and negotiate a good deal for the Doolittle family, existing management, and NCA Partners.”
“Doolittle has established a reputation over their long history as the contractor of choice in their space”, added Ed Kirk, co-founder of Chinook. “The partnership between existing management and NCA Partners, who has completed over 30 acquisitions in the Northwest, will allow the company to continue to build long-term, sustainable, competitive advantages as they focus on repairing and maintaining the region’s transportation infrastructure.”
“Chinook is honored to have worked with Tom to help him transition his 74-year-old business to an experienced local investor in NCA Partners, while allowing the existing management team to participate in the future success of the business. With significant investments in road infrastructure and repair at all levels, Doolittle’s future looks bright,” added John O’Dore, co-founder of Chinook.
ABOUT CHINOOK CAPITAL ADVISORS:
Chinook Capital Advisors is a leading M&A advisory firm serving the needs of Pacific Northwest business owners. The firm helps businesses prepare for and execute transition events.Their expertise includes sell-side advisory/seller representation services, advisory board/transaction preparation services, valuation services, and debt advisory services. Chinook serves many of the key industries that drive the Pacific Northwest economy, including manufacturing, distribution, aerospace, business services, technology, healthcare, food & beverage, and consumer products. More information about Chinook can be found at www.chinookadvisors.com.