Chinook Capital Advisors represents owners of Watson Asphalt Paving Company, Inc. in acquisition by Lakeside Industries
Chinook Capital Advisors, a leading M&A advisory firm serving the needs of Pacific Northwest business owners, acted as the exclusive advisor to Watson Asphalt and Paving Company, Inc. (“Watson”, or “the Company”) in its acquisition by Lakeside Industries (“Lakeside”).
Watson is a full-service asphalt production and paving company that has been serving western Washington and the greater Puget Sound area since the 1940s. Their customers include state and local governments, commercial/industrial and other large private companies as well as residential customers. Watson is based out of Redmond and also operates a sand and gravel pit out of Palmer just east of Kent, WA.
“The entire Watson team is excited about partnering with Lakeside,” said Rick Schroeder, President of Watson. “Both companies share the same values and serve similar client bases and we expect this to be a seamless transition for our clients and employees. Chinook Capital Advisors did a great job finding the right partner in Lakeside and helping us navigate the entire process from initial engagement through closing.”
“The Watson family has established a leading, successful paving company over three generations and more than 75 years,” commented John O’Dore, co-founder of Chinook. “As a similar multi-generation, family-owned business, Lakeside’s culture and commitment to its employees are an ideal fit for Watson.”
“This is a great outcome for both parties as it adds valuable people, clients and resources to Lakeside so the combined entities can build on their stellar reputations in the industry and continue their strong growth,” added Ed Kirk, co-founder of Chinook.
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 products & services, and consumer products & services.
Chinook Capital Advisors is a member firm of the Alliance of International Corporate Advisors (AICA), a global network of leading middle-market M&A advisory firms that provides clients with local access to buyers, investors, and acquisition targets around the world.
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.