THE WHAT? Cascadia Capital has announced that it will acquire Threadstone Capital. Under the terms of the deal, Threadstone’s investment banking team will join Cascadia’s Consumer, Retail & E-commerce group. Financial terms were not disclosed.
THE DETAILS This addition strengthens Cascadia’s industry breadth in several key sectors, including apparel, accessories, footwear, beauty, personal care, pet, and home design, and marks the firm’s ongoing growth with the addition of a new office in New York City.
THE WHY? Michael Butler, Chairman & CEO of Cascadia, noted, “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.”