Chinook Capital Advisors represents owners of First Pacific Corporation in acquisition by Harris Healthcare
Chinook Capital Advisors, a leading M&A advisory firm serving the needs of Pacific Northwest business owners, acted as the exclusive advisor to the shareholders of First Pacific Corporation (“FPC”) in its acquisition by N. Harris Computer Corporation’s healthcare group (“Harris”).
Founded in 1961, FPC is a recognized leader in the dental services industry, providing financial and practice management solutions to dental practices for over 50 years. FPC’s dental industry experience and expertise in patient billing, insurance claims management, and dental practice consulting enables dental clients to focus on providing high quality services to their patients and growing their practice.
“As a family business for over 50 years, it was paramount to find the right people who understood our business, our industry and who were sensitive and willing to work with family business related issues. We were fortunate to find the team at Chinook, who provided the steady hand of experience for a business like ours,” said Steve Rallison, former CEO of FPC. “Their business insight and advice to the management team helped position the company as an attractive acquisition. Their knowledge of potential suitors and their strategic approach of introducing our company to investors resulted in a premium valuation for the business and a successful sale.”
“We were honored to join the Advisory Board of FPC two years prior to the sale. It was critical to provide strategic input leading up the sale and help them to find a partner that would continue their commitment to continued growth to their clients and employees. We found this in spades with Harris Healthcare.” added John O’Dore, co-founder of Chinook.
“Harris has a reputation of acquiring and growing healthcare businesses across North America”, added Ed Kirk, co-founder of Chinook. “It was a pleasure to work with the FPC executive team in preparing the company for sale. Chinook is looking forward to the next phase of the FPC story as the company continues to develop this unique service offering for independent dentist professionals.”
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ABOUT CHINOOK CAPITAL ADVISORS:
Chinook Capital Advisors, based in Kirkland, WA, is a leading M&A advisory firm serving the needs of Pacific Northwest business owners. We help businesses prepare for and execute business ownership transition events.
Our expertise includes sell-side advisory/seller representation services, recapitalizations, advisory board/transaction preparation services, and other services including business valuation and debt advisory. Chinook serves many of the key industries that drive the Pacific Northwest economy, including manufacturing, distribution, business services, technology, healthcare, and consumer.
We welcome inquiries from business owners wanting to discuss business valuation, M&A market updates, or how to build value towards a future exit or recapitalization.