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We are pleased to share our Fall 2026 Newsletter, featuring our latest perspectives on the middle-market M&A environment and the forces shaping deal activity as we head into the final months of the year.
The deal market continues to improve, but the environment remains complex. In this edition, we look at the factors influencing M&A activity, shifting investor appetite across sectors, and the continued evolution of private capital markets.
Key Highlights
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We are pleased to share our Fall 2026 Newsletter, featuring our latest perspectives on the middle-market M&A environment and the forces shaping deal activity as we head into the final months of the year.
The deal market continues to improve, but the environment remains complex. In this edition, we look at the factors influencing M&A activity, shifting investor appetite across sectors, and the continued evolution of private capital markets.
Key Highlights
Cascadia Capital, an independent investment bank serving middle-market organizations, today announced that it served as the exclusive financial advisor to HCM Unlocked on its acquisition by Specialty Program Group (“SPG”), a subsidiary of HUB International.
Headquartered in Miami, Florida, HCM Unlocked is a technology-enabled managed service provider helping organizations improve the way they manage human capital technology and operations. The company provides managed services and consulting across payroll, tax, HR, benefits, leave of absence, compliance, technology implementation and optimization, data governance and related workforce services. Its proprietary DELTA technology supports HCM data migration, validation and management across technology environments.
HCM Unlocked has established itself as a rapidly growing provider of technology-enabled human capital management solutions and has been recognized by Inc. Magazine as one of America’s 100 fastest-growing companies.
Cascadia advised HCM Unlocked through a targeted sell-side process focused on strategic partners that recognized the value of the company’s differentiated technology, service capabilities and growth trajectory.
“Cascadia was an exceptional partner to us over the course of HCM Unlocked’s history, serving as a sounding board to help with growth and, ultimately, our transaction,” said John Wallace, CEO of HCM Unlocked. “Their guidance and execution were instrumental in helping us achieve a great outcome.”
“Organizations are increasingly looking for technology-enabled solutions to manage the growing complexity of their back-office environments,” said Jordan Finkler of Cascadia Capital. “HCM Unlocked has built a differentiated platform that addresses that need, and SPG is a strong strategic partner to support the company’s continued growth. We were pleased to advise John and the HCM Unlocked team on the transaction.”
The acquisition expands SPG’s employee benefits and workforce services platform, adding complementary capabilities across HR, payroll, benefits administration, tax, leave of absence management, compliance and HCM technology. The combination provides HCM Unlocked with the resources and scale of SPG and HUB International while supporting the company’s continued growth.
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Cascadia has always believed that the strongest working relationships start early. That belief shapes how we bring on and develop new talent, and it reflects who we are as a firm: independent, collaborative, and committed to growing careers from the ground up.
We are proud to invest in the next generation of bankers, and we look forward to the energy, curiosity, and hard work this class will bring to Cascadia in the years ahead.
Welcome to Cascadia.
One of our favorite times of year is here.
We are thrilled to welcome our 2026 summer analysts to the Cascadia team. Over the summer, they will be jumping headfirst into real transactions, working alongside our deal teams, and getting a firsthand look at what makes Cascadia a different kind of investment bank.
At Cascadia, we genuinely invest in the folks who come through our doors, and we love watching them grow over the course of a summer. To our new summer analysts: we are glad you are here. We cannot wait to see what you bring to the team.
Cascadia Capital, an investment bank serving middle-market clients globally, is pleased to announce that it served as the exclusive financial advisor to Smart City Locating, Inc. (“Smart City” or the “Company”) on its partnership with Owner Resource Group, LLC (“ORG”).
Founded in 2013, Smart City is the industry leader in property locating services, helping to fill vacancies for leading property managers across the U.S. Headquartered in Austin, TX, the Company has grown rapidly since its founding and now operates in nine markets across five states.
ORG has partnered with management, led by founder and CEO Cassie Brown, to recapitalize the business. Existing management will be meaningful owners in the business going forward and continue to lead operations. ORG is excited to support Smart City’s goals for expansion through organic growth both in current and new geographies.
“Smart City is exactly the type of outsourced services platform that commands premium outcomes and strong investor interest—a highly engineered delivery model, clear market leadership, and a differentiated value proposition that delivers measurable ROI to its clients and partners,” said Ben Freking, Director at Cascadia Capital. “Cassie built an exceptional business, and we are grateful for the opportunity to advise the company on ushering in this next phase of its growth story.”
"Working with Ben and the Cascadia team was a game changer. As a first-timer, I felt fully supported, everything was clearly explained, and the guidance was thoughtful and genuine,” said Cassie Brown, CEO of Smart City. “Ben was intentional about connecting me only with groups that were the right cultural fit. We wouldn’t be here without him, and I’m eternally grateful to him and the team.”
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Headquartered in Melville, New York, Global is a leading national provider of facility services delivering repairs, renovation and retrofit, janitorial, and restoration solutions to multi-site customers across North America. The Company manages a vast, curated network of service providers enabling industry-leading service quality across a national geographic footprint. Global serves a diverse base of blue-chip customers across retail, financial services, commercial real estate, restaurant, hospitality, grocery, and healthcare sectors.
“Facility services as a sector continues to see strong demand as multi-site operators increasingly outsource maintenance and renovation needs to national partners that can deliver consistency and scale,” said Phil Sheridan, Director at Cascadia Capital. “Global has built an impressive platform to serve this need, supported by a highly efficient vendor network model and deep customer relationships. We are excited to see the Company partner with Hastings as it enters its next phase of growth.”
This transaction brings Hastings on as a strategic partner to support the Global team as the Company enters its next phase of growth. With Hastings’ backing, Global plans to accelerate key strategic initiatives and invest in infrastructure and talent to support continued expansion, while Lauryn and Sean Blank continue to lead the business as CEO and President, respectively.
“Hastings brings decades of experience partnering with founder-led businesses like ours, and from day one it was clear how collaborative and aligned they are with our vision for the future of Global. We’re excited to work together as we continue building on the strong foundation we’ve created,” said Sean and Lauryn Blank.
“We are thrilled to partner with Lauryn, Sean, and the entire Global team. Over the past two decades, they have built an exceptional business defined by unmatched service quality, a deeply talented team, and customer relationships that span decades,” added Marco Rodriguez, Principal of Hastings Equity Partners.
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Headquartered in Irvine, California, F=ma brings together RACER, GRIDLIFE, and The ID Agency to create the first fully integrated car-culture platform across a broad range of media and experiential channels. James Schiefer, a multi-generational automotive entrepreneur and operator, serves as CEO of F=ma. Chris Dyson, a multi-time professional racing champion, team owner and business executive, will serve as Chairman of the Board, and Chris McMurry, an accomplished international racing driver, entrepreneur, and business leader, will serve as Board Member and Operating Partner. The company’s name draws inspiration from Newton’s second law of motion, Force equals Mass times Acceleration, reflecting its belief that aligned assets, when accelerated together, create an outsized impact.
“This platform wasn’t built by outsiders looking in. It was built by racers, creators, and operators who understand how this culture actually works,” said James Schiefer. “Cascadia was a great partner who helped us refine the platform strategy and investment thesis, while executing a disciplined process to prioritize a target pipeline aligned with our long-term vision.”
Together, RACER, GRIDLIFE, and The ID Agency form a complementary ecosystem spanning media, live events, and brand strategy. RACER provides scaled, multi-platform distribution and editorial authority. GRIDLIFE delivers immersive live experiences at racetracks nationwide. The ID Agency contributes deep automotive marketing expertise and strong brand relationships. Collectively, the three platforms combine reach, authenticity, and experiential engagement into a cohesive platform.
Cascadia supported financial and strategic diligence and advised on valuation, transaction structuring, and negotiations. In parallel, the firm identified and engaged a select set of enthusiast media-focused strategic and financial sponsors to support the platform’s growth objectives.
“This transaction highlights Cascadia’s deep expertise across media, entertainment, automotive, and enthusiast-driven sectors,” said Muizz Kheraj, Managing Director at Cascadia Capital. “It reflects the firm’s continued commitment to helping visionary entrepreneurs build, scale, and strategically position differentiated platforms for long-term growth.”
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Black Box (BSE: 500463/NSE: BBOX) is a global leader in digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and top global enterprises. With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing.
Supported by a global team of around 3,600 professionals and strategic partnerships with leading technology providers, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data center buildouts, modern workplace solutions, and cybersecurity. Its Technology Products portfolio enhances business operations with cutting edge solutions in AV, IoT, KVM, Networking, Infrastructure, and Cables.
The pending acquisition reinforces Black Box’s global growth plan focused on technology, innovation, and the continued expansion of its technological capabilities through the 2030 cycle, including its long-term objective of achieving approximately $2 billion in annual revenue. Within this strategy, Brazil plays a central role given the strength of its technology ecosystem, access to highly qualified talent, and its potential as a hub for the development of technology solutions for other global markets.
“This pending transaction reflects Black Box’s disciplined approach to advancing its global growth strategy through targeted investments in technology and innovation,” said Jordan Finkler, Managing Director at Cascadia Capital. “Brazil represents an important market within that strategy, and 2S is well positioned to serve as a core platform supporting Black Box’s medium- and long-term global objectives.”
From 2S’s perspective, becoming part of the Black Box group is expected to strengthen its operational capacity, financial robustness, and ability to deliver more comprehensive and innovative solutions to its clients and business partners. The transaction is intended to enhance 2S’s access to global technologies and best practices while preserving its entrepreneurial culture, technical expertise, and strong local relationships. Following the anticipated closing, there are no expected changes to 2S’s operations, management structure, or executive leadership team, ensuring continuity for clients, partners, and employees.
“Cascadia Capital was a trusted advisor to Black Box throughout this process,” said Sanjeev Verma, President and CEO of Black Box. “Their deep experience advising global technology services companies and their thoughtful, collaborative approach were instrumental as we executed this agreement and advanced our long-term strategy for growth, innovation, and global expansion.”
" ["post_title"]=> string(67) "Cascadia Capital Advises Black Box Limited on its Acquisition of 2s" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(67) "cascadia-capital-advises-black-box-limited-on-its-acquisition-of-2s" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-02-18 17:19:20" ["post_modified_gmt"]=> string(19) "2026-02-19 00:19:20" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(60) "https://www.cascadiacapital.com/?post_type=news&p=22666" ["menu_order"]=> int(0) ["post_type"]=> string(4) "news" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [12]=> object(WP_Post)#3864 (24) { ["ID"]=> int(22538) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2026-01-20 15:47:44" ["post_date_gmt"]=> string(19) "2026-01-20 22:47:44" ["post_content"]=> string(908) "Phil Sheridan is a Director at Cascadia Capital focused on Business Services. He is based in Cascadia’s Austin office.
Phil has ten years of investment banking experience advising private and public companies of all sizes. He began his career in recapitalization and restructuring with broad, cross-industry coverage and over the past six years has focused on M&A in Business Services, specifically Facilities and Residential Services. He has led dozens of processes resulting in billions in transaction value for clients through M&A, divestitures, corporate restructurings, and capital raises.
Before joining Cascadia, Phil worked at Moelis & Company and Morgan Stanley. He holds an MBA from the Cornell SC Johnson College of Business.
" ["post_title"]=> string(13) "Phil Sheridan" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(8) "sheridan" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-06-01 14:07:13" ["post_modified_gmt"]=> string(19) "2026-06-01 21:07:13" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(60) "https://www.cascadiacapital.com/?post_type=team&p=22538" ["menu_order"]=> int(0) ["post_type"]=> string(4) "team" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [13]=> object(WP_Post)#3865 (24) { ["ID"]=> int(22505) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2026-01-14 09:56:53" ["post_date_gmt"]=> string(19) "2026-01-14 16:56:53" ["post_content"]=> string(2438) "Cascadia Capital, an independent investment bank serving middle-market clients globally, is pleased to announce that it served as the exclusive financial advisor to Uniserve Facilities Services (“Uniserve” or the “Company”) on its acquisition by Two Roads Partners.
Founded in 1966, Uniserve is a long-established facility maintenance and services provider delivering comprehensive cleaning solutions to commercial properties and institutional clients across California. The Company offers a broad suite of services including janitorial and custodial cleaning, window washing, pressure washing, parking lot maintenance, landscaping, and groundskeeping. Over nearly six decades, Uniserve has built a strong reputation for service quality, reliability, and long-term customer relationships.
Cascadia worked closely with the Uniserve team to identify the right long-term partner for the business, leveraging deep industry expertise and longstanding relationships across the facilities services and private equity landscape. The resulting transaction provides partial liquidity to Uniserve’s family ownership, while allowing the founding shareholders to remain actively involved in the business alongside Two Roads Partners to support the Company’s next phase of growth.
“It was a pleasure to serve as the exclusive advisor on the sale of Uniserve to Two Roads Partners,” said Cascadia Capital. “Uniserve is one of the largest non-union janitorial service providers in the California market, and we’re excited to see them execute on several actionable growth initiatives under Two Roads’ leadership and ownership, given their proven track record of successfully scaling commercial and facilities services businesses.”
“Working with the Cascadia team on our transaction was nothing but stellar,” said Eugene Hwang, Vice President of Operations and Sales at Uniserve. “The support provided exceeded our expectations. They brought us a great team that offered valuable insights and simplified our due diligence process with utmost efficiency, which freed up a significant amount of our time and allowed us to stay focused on running the business.”
" ["post_title"]=> string(94) "Cascadia Capital Advises Uniserve Facilities Services on its Acquisition by Two Roads Partners" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(94) "cascadia-capital-advises-uniserve-facilities-services-on-its-acquisition-by-two-roads-partners" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-05-12 10:47:50" ["post_modified_gmt"]=> string(19) "2026-05-12 17:47:50" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(60) "https://www.cascadiacapital.com/?post_type=news&p=22505" ["menu_order"]=> int(0) ["post_type"]=> string(4) "news" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [14]=> object(WP_Post)#3866 (24) { ["ID"]=> int(22494) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2025-12-29 14:01:31" ["post_date_gmt"]=> string(19) "2025-12-29 21:01:31" ["post_content"]=> string(0) "" ["post_title"]=> string(29) "Uniserve / Two Roads Partners" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(27) "uniserve-two-roads-partners" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-06-17 14:54:47" ["post_modified_gmt"]=> string(19) "2026-06-17 21:54:47" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(68) "https://www.cascadiacapital.com/?post_type=transactions&p=22494" ["menu_order"]=> int(0) ["post_type"]=> string(12) "transactions" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [15]=> object(WP_Post)#3867 (24) { ["ID"]=> int(22483) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2025-12-23 00:08:33" ["post_date_gmt"]=> string(19) "2025-12-23 07:08:33" ["post_content"]=> string(0) "" ["post_title"]=> string(102) "DirectMed Imaging a portfolio company of Frazier Healthcare / Tri-Imaging a portfolio company Quilvest" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(100) "directmed-imaging-a-portfolio-company-of-frazier-healthcare-tri-imaging-a-portfolio-company-quilvest" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-02-05 16:56:04" ["post_modified_gmt"]=> string(19) "2026-02-05 23:56:04" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(68) "https://www.cascadiacapital.com/?post_type=transactions&p=22483" ["menu_order"]=> int(0) ["post_type"]=> string(12) "transactions" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [16]=> object(WP_Post)#3868 (24) { ["ID"]=> int(22273) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2025-10-29 11:34:22" ["post_date_gmt"]=> string(19) "2025-10-29 18:34:22" ["post_content"]=> string(1962) "Cascadia Capital was pleased to advise TGG Accounting on receiving a strategic investment from DLA, LLC, a portfolio company of Orangewood Partners.
This transaction underscores growing investor interest in platforms that support the Office of the CFO and highlights how specialized accounting and financial services firms are creating scalable, tech-enabled solutions for middle-market clients.
Watch Managing Director Hugh Campbell’s perspective on what made this partnership unique and how it reflects broader trends shaping the business services landscape.
On September 10–11, Cascadia hosted the inaugural Cascadia Connect Services Conference in Austin, Texas at Hotel Van Zandt. The event gathered investors and company executives to build 1:1 connections in a relaxed and collaborative setting—delivering actionable insights and timely perspectives.
More than 200 attendees participated, including 40 Services-sector companies and 50+ private equity firms. The program featured eight dynamic panels, 275+ scheduled meetings, and plenty of curated networking opportunities. Guests enjoyed memorable meals and receptions, highlighted by live music from Austin favorite Jo James.
A full conference recap is coming soon—until then, browse the photos below for a glimpse of the energy and connections that made the inaugural event such a success.
Thank you to our outstanding speakers for sharing their insights, and to everyone who joined us.
If we can help facilitate ongoing connections or if you’re interested in future Cascadia Connect events, please don’t hesitate to reach out.
" ["post_title"]=> string(54) "2025 Services Conference Recap: Highlights from Austin" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(53) "2025-services-conference-recap-highlights-from-austin" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2025-09-25 13:13:00" ["post_modified_gmt"]=> string(19) "2025-09-25 20:13:00" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(60) "https://www.cascadiacapital.com/?post_type=news&p=22028" ["menu_order"]=> int(0) ["post_type"]=> string(4) "news" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [18]=> object(WP_Post)#3870 (24) { ["ID"]=> int(21983) ["post_author"]=> string(1) "6" ["post_date"]=> string(19) "2025-09-10 08:30:34" ["post_date_gmt"]=> string(19) "2025-09-10 15:30:34" ["post_content"]=> string(2253) "Cascadia Capital, an investment bank serving middle-market clients globally, is pleased to announce that its client TGG Accounting, LLC (“TGG”), a premier provider of accounting outsourcing and CFO consulting services, has received a strategic investment from DLA, LLC (“DLA”), a leading accounting advisory firm and portfolio company of Orangewood Partners.
Through this investment, DLA will significantly enhance its accounting outsourcing offering and expand its near-shore and off-shore resourcing capacity. TGG is a recognized leader in accounting outsourcing services, operating as the strategic CFO, controller, accounting manager, and staff accountant for more than 200 companies across over 30 states.
Backed by Orangewood Partners, a long-term-focused private investment firm, DLA has continued to expand its service offerings, adding senior talent across its core lines of business, including internal audit, accounting advisory, forensic accounting, and valuation & litigation support. The addition of TGG further strengthens DLA’s capabilities and provides clients with expanded access to outsourced accounting and consulting services.
“Outsourced Human Capital Management solutions continue to see strong demand as companies seek scalable solutions to manage growing complexity and evolving regulatory requirements,” noted Hugh Campbell, Cascadia Managing Director. “TGG’s partnership with DLA creates a platform well-positioned to capture these market dynamics. We are pleased to have advised TGG on this important transaction and look forward to watching their continued success.”
“Cascadia was an invaluable advisor throughout this process. Their deep understanding of the sector and commitment to achieving the best outcome for our team and clients made all the difference,” added Matt Garrett, Founder & CEO of TGG. “We are excited to partner with DLA to expand our reach and deliver even greater value to the organizations we serve.”
" ["post_title"]=> string(125) "Cascadia Advises TGG Accounting on Receiving a Strategic Investment from DLA, LLC, a Portfolio Company of Orangewood Partners" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(124) "cascadia-advises-tgg-accounting-on-receiving-a-strategic-investment-from-cdla-llc-a-portfolio-company-of-orangewood-partners" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-01-21 11:50:10" ["post_modified_gmt"]=> string(19) "2026-01-21 18:50:10" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(60) "https://www.cascadiacapital.com/?post_type=news&p=21983" ["menu_order"]=> int(0) ["post_type"]=> string(4) "news" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [19]=> object(WP_Post)#4352 (24) { ["ID"]=> int(21977) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2025-08-27 10:02:59" ["post_date_gmt"]=> string(19) "2025-08-27 17:02:59" ["post_content"]=> string(0) "" ["post_title"]=> string(25) "TGG Accounting / DLA, LLC" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(22) "tgg-accounting-dla-llc" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2026-05-18 11:55:30" ["post_modified_gmt"]=> string(19) "2026-05-18 18:55:30" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(68) "https://www.cascadiacapital.com/?post_type=transactions&p=21977" ["menu_order"]=> int(0) ["post_type"]=> string(12) "transactions" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } } ["post_count"]=> int(20) ["current_post"]=> int(-1) ["before_loop"]=> bool(true) ["in_the_loop"]=> bool(false) ["post"]=> object(WP_Post)#3852 (24) { ["ID"]=> int(23168) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2026-10-14 06:00:00" ["post_date_gmt"]=> string(19) "2026-10-14 13:00:00" ["post_content"]=> string(2197) "We are pleased to share our Fall 2026 Newsletter, featuring our latest perspectives on the middle-market M&A environment and the forces shaping deal activity as we head into the final months of the year.
The deal market continues to improve, but the environment remains complex. In this edition, we look at the factors influencing M&A activity, shifting investor appetite across sectors, and the continued evolution of private capital markets.
Key Highlights