Cascadia Bolsters Investment Banking Platform Through Threadstone Capital Acquisition

Cascadia Capital, LLC, a prominent independent middle-market investment bank, has revealed its acquisition of Threadstone Capital, a leading advisory firm specializing in high-growth consumer, retail, and beauty brands. The investment banking team at Threadstone, led by Managing Director William Susman, will integrate into Cascadia’s Consumer, Retail & E-Commerce group, fortifying the firm’s presence in key verticals such as apparel, accessories, footwear, beauty, personal care, pet, and home design. Additionally, this strategic move signifies Cascadia’s expansion with the establishment of a new office in New York City.

Michael Butler, Chairman & CEO of Cascadia, expressed enthusiasm for 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.”

Butler added, “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.”

Threadstone Capital, established in 2011, earned a reputation as a trusted advisor to businesses and financial sponsors in the consumer space. Recognized for its innovative approach and deep industry knowledge, Threadstone has successfully closed transactions exceeding $5 billion in cumulative value for its clients.

Upon joining Cascadia, Mr. Susman expressed pride in his team’s achievements and sees the partnership as the next chapter in the franchise’s growth. Cascadia’s national footprint and extensive resources will enhance their ability to assist consumer & retail clients in achieving their strategic objectives.

Michael Susman added, “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.”

This acquisition aligns with Cascadia’s recent strategic investment from Atlas Merchant Capital at the end of 2022, marking a pivotal moment for the firm as it looks to build on momentum and further expand its product offerings, industry coverage, and geographic reach.

James Cartales, Cascadia Managing Director in the Consumer group, shared his excitement, stating, “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. 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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