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Nolan Capital Acquires a Majority Stake in Retailer Coastal Farm and Ranch.

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MANews-(C)2009-2021

Northwest, US-based ranch and country lifestyle retailer Coastal Farm and Ranch has transitioned to a new ownership group with family office Nolan Capital as the majority partner, the company said.

Buzz Wheeler, the owner of Coastal since 1990, will maintain an ownership stake and continue to advise the company's growth as a member of the board. Lori McKinnon, CEO who has worked for the company since 1995, will continue in her role.

The partnership with Nolan Capital marks an exciting next step for Coastal, as Nolan Capital will partner with Coastal's leadership to identify opportunities for growth and investment.

With a store footprint in both Washington and Oregon, Coastal is positioned to serve a customer base of farm and ranch operators, lifestyle shoppers, outdoor enthusiasts, pet owners, and more.

Coastal has grown into the largest independent farm and home retailer in the Pacific Northwest.

Larry Hayward, CEO of Del Mar Ventures, will join Coastal's ownership group and serve as non-executive chairman of the board.

Hayward was previously the CEO of Leslie's Poolmart, as well as Carr-Gottstein Foods Co.

Ted Nark will also join Coastal's ownership group and serve on the board. Nark is participating in the investment alongside Nolan Capital and will maintain an active advisory role, leveraging his extensive...

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