Cascadia Capital, an active independent middle-market investment bank, will acquire Threadstone Capital, strengthening Cascadia’s industry breadth in several key verticals and adding a new office in New York City.
WHO: Founded in 2011, Threadstone Capital established itself as a trusted advisor to businesses and financial sponsors throughout the consumer space. Known for its innovative approach and deep industry knowledge, Threadstone has closed over $5 billion in cumulative transaction value for high-growth consumer, retail, and beauty brands.
Cascadia is an independent investment bank providing middle-market entrepreneurs, family-owned businesses owners, and private equity firms with merger and acquisition advice, capital raising, and strategic advisory services. For over 20 years, the firm has strived to deliver the best outcomes for its clients by leveraging its extensive transaction experience, deep domain expertise, and commitment to building long-term relationships. Cascadia is a pure advisory firm and is not conflicted by trading, lending, research, or cross-selling business.
WHY: Cascadia is looking to build on recent momentum and fuel continued product, industry, coverage, and geographic scaling of the platform following the strategic investment from Atlas Merchant Capital at the end of 2022. This deal will increase Cascadia’s industry breadth in several key verticals, including apparel, accessories, footwear, beauty, personal care, pet, and home design.
IN THEIR OWN WORDS: Michael Butler, Chairman & CEO of Cascadia, expressed excitement about the acquisition, stating, “Billy Susman is someone I have long admired, and I am thrilled to welcome him and the talented team at Threadstone to Cascadia. We have been looking to grow our Consumer & Retail practice and open a New York office, and with this transaction, we accomplish both objectives.”
“Adding a team of Threadstone’s caliber and industry focus will broaden and complement the exceptional service we deliver to the business owners and investors we advise. Billy and his team have a proven track record and demonstrated passion for the business. Their commitment to excellence and client-focused, collaborative approach fit extremely well with Cascadia’s culture,” added Mr. Butler.
On joining Cascadia, Mr. Susman noted, “I am very proud of our team’s accomplishments to date and this partnership represents the next chapter of growth for our franchise. Cascadia offers a national footprint and broader resources to further assist our consumer & retail client base in executing their strategic objectives.”
“Michael and his team are building one of the most impressive independent investment banking platforms in the country, and I'm excited that my team can contribute our unique insights and expertise to that effort," Mr. Susman added.
“We have worked hard to build a national Consumer, Retail & E-Commerce practice at Cascadia over the past decade and I am thrilled to extend the exceptional capabilities of the entire Threadstone team to Cascadia's clients," said James Cartales, Cascadia Managing Director in the Consumer group. “Threadstone's experience working with best-in-class brands and clients across the fashion, luxury, and beauty industries adds a new dimension to our industry coverage while bolstering other areas of our existing coverage and we believe the combination with the Cascadia platform will enable us to better serve all of our family, founder, and institutional clients.”
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