GlobeSt.com UPDATE: SKB Discusses Resale of Capital West

PORTLAND-ScanlanKemperBard is selling the investment firm it acquired in March 2000 in order to accelerate decision making and take advantage of new opportunities in the down economy, according to Robert Scanlan, who spoke with GlobeSt.com shortly after our original story ran earlier this week. To see previous story, click here .

SKB, a merchant bank and development advisory firm, is selling Capital West Associates Inc. back to the principals from whom it acquired the business, Linda Lucas and George Bean, who have been and will continue to work out of SKB’s Portland offices, specializing in small corporate pension funds, endowments and foundations.

“SKB’s niche has been high-net-worth individuals and families and we want to continue to grow nationally and internationally in that arena,” Scanlan tells GlobeSt.com. “There will be a lot of opportunities in the next couple of years, especially in the San Francisco-San Jose area, and we want to be ready to strike while the iron is hot and not be held back by having to check with pension committees.”