INSIDE ALASKA BUSINESS.

McKinley Management

Arctic Slope Regional Corporation is giving up its Alaska Growth Capital (AGO subsidiary, which is becoming a fourth line of business for McKinley Management. Bristol Bay Native Corporation is partnering with McKinley as a shareholder of the renamed McKinley Alaska Growth Capital. Former AGC president Logan Birch, who switched to working for McKinley, is now in charge of AGC again. All AGC employees are being retained, and the company is colocating with McKinley's offices at the JL Tower in midtown Anchorage. mckinleycapital.com

Carrs-Safeway | Fred Meyer

The parent companies of Fred Meyer and Carrs-Safeway agreed to merge. Pending regulatory approval, Ohio-based Kroger would pay $24.6 billion for all outstanding shares of Idaho-based Albertsons, creating a combined company with 710,000 employees at 4,996 stores in fortyeight states. Fred Meyer stores employ more than 3,300 Alaskans; Carrs-Safeway, which combined in 1999, employs almost 3,000. Albertsons, which took over Safeway in 2014, would create a spinoff company named SpinCo to hold between 100 and 375 stores divested from the merged company, in hopes of maintaining competition. carrsqc.com \ fredmeyer.com

Frontier Media

All six commercial radio stations in Juneau are being sold to an out-ofstate owner. Cliff Dumas, a morning host in Bakersfield, California, is buying KINY, KJNO, KTKU, KSUP, KXXJ, and Hawk 107.9 from Frontier Media. The $1.3 million deal also includes two stations each in Sitka and Ketchikan, as well as Frontier Media's six-station cluster in Texarkana, Texas. Dumas previously hosted a syndicated show with Frontier Media co-owner Sharon Burns. She and her husband Richard, both from Australia, became the first foreigners to own US broadcast licenses in 2017 when they acquired Juneau Alaska Communications. kinyradio.com

OfficeTECH | Kelley Connect

Office equipment supplier Kelley Connect is expanding its Alaska presence by acquiring Anchoragebased OfficeTECH. From its original founding in Spenard, OfficeTECH has established branches in Kodiak and western and eastern Washington. Seattle-based Kelley Connect already has sales offices in Anchorage, Soldotna, Fairbanks, Juneau, and Ketchikan, as well as Washington, Oregon...