April 17, 2019
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Emergency Reporting (ER), a leader in cloud-based reporting and records management software for Fire and EMS agencies, in receiving a significant growth investment from the Polaris Growth Fund, an affiliate fund of Polaris Partners, a Boston-based private investment firm.
Founded by Dave Adams and Adrian Mintz in 2003, Emergency Reporting was envisaged to streamline incident reporting for fire and emergency medical services. The product suite has since grown to include a complete records management solution and a comprehensive set of operations management modules. Emergency Reporting’s software, in concert with a robust partner ecosystem, helps customers achieve and automate compliance with state and federal reporting standards, as well as drive workflow efficiencies in a range of mission critical, fire-specific operating modules.
David Nokes, Chief Executive Officer of Emergency Reporting, said, “From inception, Emergency Reporting has been relentlessly committed to providing first responders with a modern, best-in-class platform emphasizing ease of use and integrated workflows. As the technology needs of our customers continue to expand, this investment from Polaris provides us capital and resources to execute on the numerous opportunities we see for innovation to improve the lives of those on the front lines protecting people and property. This is an exciting announcement for our employees, customers, and partners.”
Regarding Cascadia Capital’s advising ER on its transaction with Polaris, Nokes commented, “Cascadia’s deep understanding of the public safety sector and past successes with other public safety clients played a critical role in our choosing to work with them. The combination of their track record in the sector and their running an efficient, customized process designed to meet our transaction objectives, led to a fantastic outcome for ER.”
Paul Vander Vort, Managing Director of Cascadia Capital, added, “It was a pleasure to have the opportunity to advise ER. The company’s founders and management team have worked hard to build a market leading solution and now with Polaris alongside them, Emergency Reporting will be able to do even more for their first responder customers.”
Emergency Reporting sits at the intersection of several industry sectors Cascadia Capital covers, specifically compliance and public safety. Cascadia has also successfully advised past public safety clients ECaTS, VPI and New Dawn Technologies. The Emergency Reporting transaction also represents the ninth deal by the firm’s Minneapolis office since January 2017.
For more information about this transaction, please contact the Cascadia Capital deal team:
Paul Vander Vort