Alaska Permanent Capital Management, Co. Announces Acquisition by Blue Umbrella, LLC
Anchorage, Alaska – December 22, 2024 (GLOBE NEWSWIRE) – Alaska Permanent Capital Management, Co. (APCM) has revealed that it is in the process of being acquired by Blue Umbrella, LLC. The transaction is anticipated to be finalized by March 2025, with Blue Umbrella becoming the majority owner of APCM and its subsidiary, Alaska Wealth Advisors.
Evan Rose, the outgoing CEO of APCM, expressed his thoughts on the acquisition, stating that William (Bill) Lierman, a 22-year veteran at APCM, will take over as the new CEO. Additionally, Brandy Niclai, the Chief Investment Officer Multi-Asset with 19 years of experience, will continue to be a key leader within the firm. Rose highlighted the opportunity for APCM to expand its product offerings and client relationships with the backing of Blue Umbrella.
Jimmy Miner of Blue Umbrella expressed excitement about the acquisition, emphasizing the alignment of values between the two companies and the commitment to providing exceptional service to clients. The transaction will provide APCM with additional resources and capital to support growth and foster new client relationships.
Upon completion of the acquisition, Evan Rose will assume the role of Chief Compliance Officer at APCM, while Laura Bruce and her team at Alaska Wealth Advisors will continue to offer financial planning and investment management services to a diverse range of clients. Blue Umbrella, founded in 2021, focuses on investing in Alaskan companies in the middle market, bringing stability and growth to their portfolio. APCM, established in 1992, provides institutional investment management and financial planning services through Alaska Wealth Advisors.
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