Among the players they choose from the pool were Arnie Tuadles and Ricky Relosa from Ginebra, Rudy Distrito, Marte Saldaña and Noli Banate from Magnolia, Alejo Alolor, Teddy Alfarero and Frankie Lim from Great Taste, and Dennis Abbatuan from Shell.

Following Manila Beer's disbandment, the Coffee Kings acquired three players from the Brewmasters; Elpidio Villamin, Tim Coloso and sophomore Adonis Tierra.

This mark the birth of the tandem known as the "Bruise Brothers" in Yoyoy Villamin and Ricky Relosa, both players during their earlier years in the PBA were the promising forwards of legendary teams Crispa and Toyota.

[5] Parading a sweet-shooting import Jose Slaughter, who breaks the previous record for most three-point shots converted with 14 triples as he finished with 79 points in the October 18 game against Great Taste which they won, 129–115.

Returning to Alaska Milk in the 1988 PBA season, the team signed three players from Shell; Rey Lazaro, Biboy Ravanes and Willie Pearson to strengthen its lineup.

Veteran center Abet Guidaben, who has been disgruntled in the last three months of the 1988 season following a bitter trade with Ramon Fernandez that sent him to Purefoods Hotdogs, has joined the "Bruise Brothers" to form a force inside the paint.

Alaska was able to hire Sean Chambers, who played with the American selection in two previous PBA/IBA series, as their import to replaced their first choice Carl Lott in the 1989 Open Conference.

American Tim Cone, a member of the PBA's vintage panel, accepted the coaching chores for Alaska Milk on full-time starting the All-Filipino Conference.

Alaska continues to struggle despite the mixture of veterans and young players in the roster and team owner Wilfred Uytengsu could not hide his disappointment when the Milkmen went winless in the semifinals of the 1990 All-Filipino Conference.

Elmer Cabahug was shipped to Purefoods and Alaska acquired the Hotdogs star player Jojo Lastimosa in return as he will team up with Paul Alvarez in which coach Tim Cone describes as unbeatable tandem.

In 1992, Alaska owned the second pick in the draft and they choose the burly 6'4" Stevenson Solomon, who had been in the mold of a Yoyoy Villamin and was part of the national team that regain the SEA Games basketball gold in Manila.

In 1993, Alaska picked another point guard in the rookie draft as the third overall, former FEU Tamaraw Johnny Abarrientos, who has been making waves in the Philippine Basketball League, winning PBL titles for three seasons and was expected to follow the footsteps of Hector Calma and Ronnie Magsanoc in the pros.

Last season's rookie of the year Jeffrey Cariaso converted two free throws with 0.6 of a second remaining in overtime of Game five and Purefoods up by one, 92–91, to win it in a fitting moment as Alaska won their first All-Filipino title and their fourth PBA crown.

Late in the eliminations, they acquired veteran center Jack Tanuan and the high-flying Kenneth Duremdes in exchange for Dwight Lago and Boyet Fernandez from Pop Cola.

Prior to the start of the 2005–06 PBA season, the Aces built up their lineup by acquiring national team pool members, Tony dela Cruz and Rich Alvarez from the disbanding Shell Turbo Chargers.

The return of Cortez sparked a late surge by the team by finishing with a 12–6 record and beat Ginebra in a one-game playoff to earn an outright semifinals berth.

The seventh game was a seesaw battle before Miller fired a go-ahead layup and a Reynel Hugnatan freethrow in the last two minutes to seal a 99–96 championship win for Alaska.

Before the start of the Fiesta Conference, Alaska acquired former King Blue Eagles LA Tenorio and Larry Fonacier in exchange for ace point guard Mike Cortez and 1st round draft pick Ken Bono.

They also traded long time bruiser Reynel Hugnatan to Meralco for young guns Hans Thiele and Paolo Bugia, released Marvin Hayes and signed guard Don Dulay.

The team's improved play led by LA Tenorio and Cyrus Baguio plus newcomer Wesley Gonzales' "real game" started to pay off, and the Aces qualified to the step ladder semifinals.

In the second round, the Aces have four picks and used it to get former Blue Eagle leading scorer Eric Salamat at the 13th, Fil-Am Julius Pasculado at the 14th, and big man Ariel Mepana at the 15th.

On August 19, 2012, at the PBA Rookie Draft, the Aces selected NCAA Season 87 MVP Calvin Abueva of the San Sebastian Stags as the second overall pick.

After the San Sebastian College-Recoletos Golden Stags bowed out at the hands of Letran Knights in the NCAA Final Four, Abueva signs with the Aces in a three-year max rookie deal.

Dozier fit perfectly well in the Aces' system and thanks to his brilliant performance plus support from local stars Cyrus Baguio, Sonny Thoss, JVee Casio, Calvin Abueva and sixth man Dondon Hontiveros, Alaska topped the standings with an 11–3 record at the end of the eliminations and gained twice to beat advantage in quarterfinal round.

Rookie of the Year Calvin Abueva was named in the All-Rookie Team along with Petron Blaze Boosters' Junemar Fajardo, Meralco Bolts' Cliff Hodge, San Mig Coffee Mixers' Alex Mallari and hotshot Chris Tiu of the Rain or Shine Elasto Painters.

The Aces managed to win 8 games in 14 outings and qualify for the playoffs as an eight seed and faced top-seeded Barangay Ginebra San Miguel, who has a twice-to-beat advantage.

In their preparations for the upcoming season, they hired Rob Beveridge, a well-known successful coach in the Australian Basketball League to improve the team's performance focusing on defense.

After demolishing NLEX in their quarterfinal matchup, the Aces faced Meralco Bolts in the knockout phase and won the game in a blowout fashion to set a rematch with Rain or Shine Elasto Painters in a best-of-seven semi-finals series.

During the offseason, Alaska allowed Calvin Abueva, Sonny Thoss, Dondon Hontiveros and Coach Alex Compton join the Gilas Pilipinas 3.0 national team, who won silver medals in both the 2015 William Jones Cup and 2015 FIBA Asia Championship.

Despite finishing second in the standings and gaining a twice-to-beat advantage, the Aces, hampered by injuries, failed to enter the semi-finals when they lost two in a row to Barangay Ginebra.