Oct 06, 2023

Snyder

Mullen

Snyder, a Pacific Northwest roofing and waterproofing company, announced a transition in ownership and control of the century-old company. CEO Josh Mullen will assume full ownership of Snyder, following a succession plan created in collaboration with the King family. The full purchase of shares represents a transition of the company's ownership and control from three surviving members of the King family to Mullen. The transition of ownership will have no impact on the day-to-day operations of Snyder or its business model, and underscores Snyder's commitment to local, independent control and expertise within its Oregon and Washington operations. Mullen is a long-time Snyder employee and has been the company's CEO since 2020. The company's corporate headquarters are located in Tigard, Oregon.

Smartsheet

Bellevue-based Smartsheet, an enterprise work management platform, has been named to Fast Company's annual list of Brands That Matter for 2023. Smartsheet was recognized as a top brand in the enterprise category for connecting people to its mission of empowering anyone to drive meaningful change through touchpoints like its world-first Sponsor X initiative and First Residence program, which elevate people and nonprofits doing impactful work in their communities, and its Power Your Process brand campaign, which encourages customers to drive meaningful change in their own work using the Smartsheet platform. The Brands That Matter list honors brands that communicate and demonstrate brand purpose. These companies and nonprofits have built cultural relevance and impact through compelling branding and efforts that naturally extend their presence into the community. Smartsheet launched the world-first Sponsor X initiative in 2022. Smartsheet brought Sponsor X to the United States Grand Prix with The Hidden Genius Project, who train and mentor Black male youth while tackling the misconception there's a lack of Black STEM talent. Most recently, Smartsheet and McLaren racing brought Sponsor X to the British Grand Prix with STEAM Co., a UK-based nonprofit that runs creativity sessions in primary schools and community fetes and festivals across England. With The First Residence, Smartsheet applied this approach to its partnership with Climate Pledge Arena and The Seattle Kraken. Smartsheet extended the signage, space, and visibility of its arena partnership to sponsor a new residency program for Native American artists at Climate Pledge Arena. The residency's first exhibition, “The Salmon People,” was curated by Matika Wilbur in collaboration with Puyallup artist Shaun Peterson. Fast Company, headquartered in New York, is a media brand dedicated to the intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business.

Oct 05, 2023

Digimarc

Benton

Digimarc Corporation announced that former Oracle and Salesforce enterprise sales leader Tom Benton has joined the company as chief revenue officer. Benton brings 30 years of sales leadership experience to Digimarc. Building on achievements at Oracle and Salesforce, Benton assumed the role of chief revenue officer at Workmarket, an ADP company. Most recently, Benton served as CRO of HireVue, where he built a global team and go-to-market plan, doubling annual recurring revenue in three years and expanding the enterprise client base. Benton's early career included leading a partner and channel business at BEA Systems (acquired by Oracle). After being acquired by Oracle, the program was expanded globally. Digimarc software provides product and watermark digitization that enables the capture of product data, records events and interactions, and supports new automations. The company is headquartered in Beaverton.

NW Natural Water

NW Natural Water Company, a wholly-owned subsidiary of Northwest Natural Holding Company, has completed the acquisition of Rose Valley Water Company, a water utility serving approximately 2,400 connections in Peoria, Arizona, a suburb northwest of Phoenix. With this transaction, NW Natural Water serves more than 164,000 people through approximately 66,000 connections across five states. Northwest Natural Holdings is headquartered in Portland, and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company, NW Natural Water Company, NW Natural Renewables Holdings, and other business interests.

Boise Cascade

Boise Cascade announced that it has completed the previously announced acquisition of Brockway-Smith Company, a wholesale distributor specializing in doors and millwork. Boise Cascade produces engineered wood products and plywood in North America, and is a U.S. wholesale distributor of building products.

KeyBank aids supportive units in Tacoma

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KeyBank's Community Development Lending and Investment platform recently loaned $14.6 million for the New Life Homes supportive housing project in Tacoma, the bank recently announced. Its Caleb Stephens arranged the construction funding, which is backed by the federal Low Income Housing Tax Credit program (LIHTC). That in turn was syndicated by the National Equity Fund, in which KeyBank is an investor. Other funding came from the Washington Community Reinvestment Association, Washington State Housing Trust Fund, Tacoma Housing Authority and Pierce County. The 60-unit project is being sponsored and developed by Shiloh Baptist Church with Beacon Development Group. The project, next to the church at 813. S. 13th St. in the Hilltop neighborhood, replaces two previously church-owned houses. It'll provide housing and services for veterans, folks exiting homelessness or prison, and those recovering from addiction. Rents will be affordable to individuals earning no more than 30% or 50% of area median income. Services will be provided by Believing In Myself Services (or BIMA) and the federal Department of Veterans Affairs. Schemata Workshop is the architect, and Marpac the builder.

Cushman & Wakefield

Odegard

Cushman & Wakefield recently announced its hiring of Jacob Odegard, who joins the multifamily team as a director. He makes the move from Paragon Real Estate Advisors. C&W's Alison Beddard said in a statement, “We continue to strengthen and expand our multifamily investment sales practice. Jacob has advised a high volume of transactions representing both sellers and buyers, and has always conducted his business with a client-first attitude.” Odegard will work alongside with Tim McKay, Dan Chhan, Matt Kemper and Sam Wayne. The latter added, “We're thrilled to welcome Jacob to our growing team.”

Broderick Group

Hallgrimson

Broderick Group announced this week that it's added a new broker to its team. That would be Lauren Hallgrimson, who makes the move from UBS. She has experience in the office, industrial and retail sectors up and down the West Coast. Broderick said in a statement, “Lauren brings extensive analytical and practical knowledge to her new role. She looks forward to leveraging her institutional background and strategic decision-making skills for the benefit of Broderick Group's valued clients.”