June 27, 2019
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as financial advisor to Quest Integrated, LLC (“Qi2”) in its equity growth capital financing by a leading European energy private equity fund.
Based in Kent, WA, Qi2 designs and develops advanced robotic sensor systems to inspect, assess and monitor the condition of critical energy infrastructure. The company’s robotic sensor solutions provide for best in class non-destructive testing (“NDT”) services that allow for improved safety, coverage, accuracy, reliability and efficiency of inspection for oil & gas operators to significantly decrease costs. Qi2 sought an institutional equity partner to support its transition from an engineering development company to a tech-enabled oilfield services provider. The new capital will support Qi2’s continued growth.
“Qi2 has a successful track record of commercializing new technologies that have become some of the most widely utilized systems across their end markets,” noted Jamie Boyd, Managing Director at Cascadia Capital. “The company’s prior successes, industry expertise in the oil & gas markets, and recent advancements in their sensors and robotics technologies, will allow for continued innovation and disruption amongst the legacy offerings in the market.
This equity capital raise represents another successful transaction for the Cascadia Energy & Applied Technologies team.
For more information about this transaction, please contact the Cascadia Capital deal team: