Nov 10, 2020

Willamette Community Bank

People's Bank of Commerce and Willamette Community Bank, headquartered in Albany, Oregon, announced the signing of an agreement whereby Willamette Community Bank will merge with People's Bank of Commerce. The combined company will operate nine branches in Southern Oregon and Willamette Valley markets. The boards of People's Bank of Commerce and Willamette Community Bank unanimously approved the transaction, which is subject to approval by shareholders and regulatory approval. The transaction is expected to close in the first quarter of 2021. Upon closing, Joan Reukauf will serve as area president and executive vice president, chief operating officer of People's Bank of Commerce. Willamette Community Bank's three branches will continue to operate under the name Willamette Community Bank, a division of People's Bank of Commerce. People's Bank of Commerce is headquartered in Medford, Oregon.

Avalara

Avalara, a provider of tax compliance automation software for businesses of all sizes, announced that it has acquired the operational assets of Business Licenses, a company that provides software and services for the research, acquisition, and management of business licenses, registrations, and permits. The transaction is valued at approximately $97 million in cash and stock. Headquartered in Seattle, Avalara has offices across the United States and in Brazil, Europe and India.

PotlatchDeltic

PotlatchDeltic's board of directors announced that Eric Cremers, currently the company's president and chief operating officer, has been appointed president and chief executive officer. Michael Covey, who joined the company in 2006 as president and chief executive officer, and who has served as chairman and chief executive officer since 2007, will continue in his role as a director, serving as executive chairperson of the board of directors. Cremers joined the company in 2007 as vice president and chief financial officer, and has held various executive roles at the company, including serving as the president and chief operating officer since 2013. He was appointed to the board of directors in 2013 and will continue to serve as a director. PotlatchDeltic is a Real Estate Investment Trust that owns approximately 1.8 million acres of timberlands, and operates a sawmill and industrial-grade plywood mill in Idaho, as well as other locations in the United States.

Powell Construction Co.

Bellevue-based Powell Construction Co. rebranded itself as Powell RYKA. It says it's “taking over 30 years of industry experience and blending it with fresh talent and technology to create a fusion of old and new practices.” The rebranding includes a new logo and website. The company builds projects ranging from small tenant improvements to large developments comprised of multiple buildings and owners. It is led by Mike and Tanya Brehm.

Ritchie Bros.

Vancouver, B.C.-based equipment auctioneer Ritchie Bros. Auctioneers bought Rouse Services for $275 million to expand its data and analytics offerings. Los Angeles-based Rouse provides data for rental analytics, equipment sales support and fleet appraisals. Ritchie says the merger will allow its customers to better understand used equipment trends and how to use them to optimize fleet management decisions. The deal is subject to regulatory approval and includes $250 million in cash and $25 million in Ritchie common stock.

ABC of Western Washington

Jennings Electric of Bonney Lake joined the Associated Builders and Contractors of Western Washington. The company is led by Scott Jennings, who has over 20 years of commercial electrical experience. State records show Jennings formed the company in February.

Nov 06, 2020

Concord Technologies

Concord Technologies, a provider of cloud-based fax and document automation software for health care organizations, hired Brian Rice as chief financial officer. Rice previously was CFO at MediaPro, where he led all finance activities for the security training solutions company. Prior to that, he was CFO at NetMotion Wireless. Founded in 1996, Concord is based in Seattle.

nLight

Vancouver-based nLight appointed retired Maj. Gen. Camille Nichols to its board of directors, with a term expiring in 2022. Nichols' career included roles in Department of Defense acquisition and operations. She is currently executive vice president of project services at Amentum, a global technical and engineering services firm. Nichols was a graduate of the second class of women at West Point. nLight is a provider of high-power semiconductor and fiber lasers for industrial, microfabrication, aerospace and defense applications.

Summit Bank

Summit Bank shareholders approved the formation of Summit Bank Group, a holding company. All regulatory information and documentation for the holding company has been approved, making Summit Bank a wholly owned subsidiary of Summit Bank Group. As a result, Summit Bank shareholders have become 100% owners of the holding company. With offices in Eugene/Springfield, central Oregon and the Portland area, Summit Bank serves professionals and medium-sized businesses and their owners.

ZoomInfo

Vancouver-based ZoomInfo acquired EverString, an artificial intelligence-powered, business-to-business data solutions provider. EverString was founded in 2012 in San Mateo, California. Financial terms of the deal were not disclosed. ZoomInfo sells access to its database of business people and companies to sales, marketing and recruiting professionals.