News and Articles - Edward Hostmann, Inc.

North Pacific may liquidate remaining assets

In a report filed Monday in U.S. District Court in Portland, Edward Hostmann, the court-appointed receiver put in control of the struggling Tualatin-based building products company, said he might liquidate what remains of North Pacific's network of building products distribution centers.

Receiver appointed for $1B North Pacific Group Inc.

The North Pacific Group Inc., Oregon's third-largest private company, has been taken over by a court-appointed receiver after what appears to be at least three failed attempts to sell the company. U.S. District Court Judge Anna J. Brown on Wednesday appointed Edward Hostmann Inc., a Lake Oswego-based financial advisory and crisis management firm, to take control of the company.

Hostmann Opinions (All (2) in this section)

Forget About Crooks, Start Worrying About Good Guys

In this time of corporate governance run wild, it's easy to assume that some form of fraud lies at the root of most company failures. But in reality, very honest people sometimes make catastrophic mistakes that bring a company to its financial knees.