Zachary Scott is excited to announce the majority sale of its client, Coastal Farm & Home Supply LLC (“Coastal” or the “Company”) to Nolan Capital. We greatly enjoyed working alongside Perkins Coie, Moss Adams Transaction Advisory Services, and the Coastal management team on this important Pacific Northwest transaction.
Coastal is a farm and home retailer with 20 locations across Oregon and Washington. The Company’s stores are strategically located to serve a growing customer base of farm and ranch operators, lifestyle shoppers, outdoor enthusiasts, pet owners, and more. Customers turn to Coastal for its diverse product suite which includes apparel and footwear, animal feed and pet food, fencing and farm equipment, firearms and ammunition, tools and hardware, and more.
Headquartered in Albany, OR, the Company was acquired by Bruce (“Buzz”) Wheeler in 1990 with three store locations. After managing and growing the business for more than three decades, Mr. Wheeler decided to search for a partner who could contribute to the Company’s continued growth while supporting its employees, customers, and communities.
Zachary Scott was engaged by Mr. Wheeler to evaluate his family’s ownership transition alternatives and manage the transaction process.
Zachary Scott organized a competitive process to find the right partner for Mr. Wheeler and the Coastal management team. After carefully evaluating several actionable alternatives, Mr. Wheeler elected to partner with Nolan Capital, the family office of Peter J. Nolan. Peter Nolan and his team bring extensive experience in managing and growing retail businesses across the United States. The partnership with Nolan Capital will enable the Company to continue its strong growth in its existing communities while expanding its physical and online footprint across the West Coast.
Coastal represents another long-term family owned business that has turned to Zachary Scott for advice on important shareholder matters. Examples of others include Mikron Industries, Premier Industries, Nicholson Industries, Western Peterbilt, Rabanco, Joshua Green Corporation, Saltchuk Resources, Wards Cove Fisheries, Kenworth Northwest, and Aleutian Spray Fisheries.