Houlihan Lokey Advises Cascadia Capital

Houlihan Lokey is pleased to announce that Cascadia Capital (Cascadia), one of the nation’s most active independent middle-market investment banks, has secured a strategic growth equity investment from an investment fund affiliated with Atlas Merchant Capital (Atlas). With the additional resources from the investment and the Atlas team’s support, Cascadia will continue its geographic, product, team, multi-industry, and sponsor coverage growth nationwide. The transaction closed on November 14, 2022.

Cascadia provides businesses and investors with subsector-nuanced guidance in a range of industries, including business services; consumer and retail; energy transition and climate tech; food, beverage, and agribusiness; healthcare; industrials; robotics, automation, and artificial intelligence; and technology. The firm will proactively hire additional experienced bankers and cohesive teams to augment its existing sector expertise, initially focused on growing the healthcare, technology, and industrial technology teams. With clients across the U.S. and around the world, the firm has a strong and growing presence in strategic markets, including Seattle, Austin, Los Angeles, Minneapolis, and Nashville.

Atlas was founded to participate in compelling market opportunities in the financial services sector. Based in New York and London, Atlas was founded by Bob Diamond and David Schamis, who, together with their partners, form a complementary partnership with extensive operating and investing expertise across the financial services landscape.

In addition to team and vertical coverage expansion for its robust M&A and strategic advisory services, Cascadia plans to deepen its existing debt capital markets, capital raising, fairness opinion, and valuation practices. A cornerstone of the investment is driving increased collaboration and deal flow with financial sponsors.

Cascadia has achieved record growth in recent years and is thrilled to have found the right partner in Atlas to continue on its exciting trajectory. Atlas brings the value-added resources desired in a capital partner, allowing Cascadia to continue in lockstep with the middle-market founders, family owners, and executives it serves while accelerating its private equity coverage and product-offering expansion.

Houlihan Lokey acted as the financial advisor to Cascadia.