Cascadia Capital represents Cost-U-Less in its sale to The Northwest Company

Cost-U-Less was a publicly traded mid-sized warehouse club-style retailer with a defined niche of operating stores in island locations throughout the Caribbean and Pacific oceans.
The Company had a solid business model with strong operating metrics, however, its public market valuation was depressed due to perceived lack of geographic growth opportunities and heightened competition risk.

In a world where public companies are subject to greater reporting requirements, regulations and compliance monitoring, Cost-U-Less had become an orphaned company by the public markets. Remaining an independent publicly traded company did not make sense.
Activist shareholders began expressing their views to explore a sale in advance of an organized process
A strategic party approached Cost-U-Less with strong interest
It became clear that Cost-U-Less should either go private or be acquired
In late 2006, the Company engaged Cascadia Capital to advise the Board of Directors on assessing its strategic options.

Cascadia Capital executed a highly successful sales process involving strategic and financial buyers resulting in multiple term sheets from a diverse set of qualified purchasers.
Together with the Company, Cascadia Capital was able to articulate the value locked in the business that a larger, better funded and more diversified suitor could realize through an acquisition.
The sale process ended in a strategic sale to The North West Co. Fund for $52.3 million in cash consideration. The North West Co. Fund offer represented a per share price of $11.75, a 34% premium above the share price prior to the announcement of retaining Cascadia Capital to explore strategic alternatives related to selling the Company.