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object(WP_Post)#2933 (24) { ["ID"]=> int(15269) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2023-06-27 06:33:00" ["post_date_gmt"]=> string(19) "2023-06-27 13:33:00" ["post_content"]=> string(3145) "Cascadia Capital is pleased to announce that its client Optimum Energy (“Optimum” or the “Company”), a global leader in HVAC optimization solutions, has entered into a definitive agreement to be acquired by Bernhard Capital Partners (“Bernhard Capital”), an infrastructure and services-focused private equity management firm.
Founded in 2005, Optimum provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions. Utilizing on-site, integrated control software, the Company supports a broad range of organizations around the world to continuously reduce energy consumption and ensure peak performance. Optimum’s advanced, patented technology is developed by industry-leading engineers and has an over 15-year track record of proven results, serving customers across five continents throughout pharmaceutical, higher education, healthcare, technology, hospitality and industrial end markets.
Optimum will continue to be led by President Larry Stapleton and the existing management team, while benefitting from the support of Bernhard Capital’s strategic partnership. Together they will look to expand Optimum’s impact and position itself as the world leader in intelligent optimization software solutions for large-scale HVAC systems, while enhancing its offerings and continuously innovating to help customers meet their financial and sustainability-focused goals.
“We are very pleased with the outcome of this partnership between two strategically aligned parties working together to accelerate the optimization of HVAC systems in large footprint buildings. This transaction will enable Optimum to further leverage the tailwinds of energy efficiency and building automation, driving global scaling of the business,” added Jamie Boyd, Managing Director at Cascadia Capital.
“Cascadia was an involved and resilient advisor, guiding us through this process, and provided exceptional advice to us during the transaction,” added Larry Stapleton, CEO of Optimum. “As experienced advisors, they demonstrated a deep understanding of our industry and business.”
This deal represents another successful transaction for the Cascadia Energy Transition & Climate Technology practice. Recent transactions include Keystone Tower System’s growth equity advisory, First Mode’s business combination advisory, and Pacific Power Group and Spectrum Control’s sell side advisory.
For more information about this transaction, please contact:
Jamie Boyd
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Managing Director
JBoyd@cascadiacapital.com
(206) 436-2514
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string(1) "1" ["post_date"]=> string(19) "2023-06-27 06:33:00" ["post_date_gmt"]=> string(19) "2023-06-27 13:33:00" ["post_content"]=> string(3145) "Cascadia Capital is pleased to announce that its client Optimum Energy (“Optimum” or the “Company”), a global leader in HVAC optimization solutions, has entered into a definitive agreement to be acquired by Bernhard Capital Partners (“Bernhard Capital”), an infrastructure and services-focused private equity management firm.
Founded in 2005, Optimum provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions. Utilizing on-site, integrated control software, the Company supports a broad range of organizations around the world to continuously reduce energy consumption and ensure peak performance. Optimum’s advanced, patented technology is developed by industry-leading engineers and has an over 15-year track record of proven results, serving customers across five continents throughout pharmaceutical, higher education, healthcare, technology, hospitality and industrial end markets.
Optimum will continue to be led by President Larry Stapleton and the existing management team, while benefitting from the support of Bernhard Capital’s strategic partnership. Together they will look to expand Optimum’s impact and position itself as the world leader in intelligent optimization software solutions for large-scale HVAC systems, while enhancing its offerings and continuously innovating to help customers meet their financial and sustainability-focused goals.
“We are very pleased with the outcome of this partnership between two strategically aligned parties working together to accelerate the optimization of HVAC systems in large footprint buildings. This transaction will enable Optimum to further leverage the tailwinds of energy efficiency and building automation, driving global scaling of the business,” added Jamie Boyd, Managing Director at Cascadia Capital.
“Cascadia was an involved and resilient advisor, guiding us through this process, and provided exceptional advice to us during the transaction,” added Larry Stapleton, CEO of Optimum. “As experienced advisors, they demonstrated a deep understanding of our industry and business.”
This deal represents another successful transaction for the Cascadia Energy Transition & Climate Technology practice. Recent transactions include Keystone Tower System’s growth equity advisory, First Mode’s business combination advisory, and Pacific Power Group and Spectrum Control’s sell side advisory.
For more information about this transaction, please contact:
Jamie Boyd
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Managing Director
JBoyd@cascadiacapital.com
(206) 436-2514The Energy Transition & Climate Tech group was a pioneer of cleantech and renewable energy technology investment banking in the early 2000s, and we have built one of the most reputable practices focused on the sector through completing numerous transactions for clients worldwide. The team has a comprehensive understanding of the current market demand, through multiple M&A and capital raising transactions and frequent dialogue with the most relevant strategic and private equity buyers and investors.
" ["post_title"]=> string(36) "Energy Transition & Climate Tech" ["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(34) "energy-transition-and-climate-tech" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2023-07-14 15:36:38" ["post_modified_gmt"]=> string(19) "2023-07-14 22:36:38" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(64) "https://www.cascadiacapital.com/?post_type=industries&p=570" ["menu_order"]=> int(0) ["post_type"]=> string(10) "industries" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [3]=> object(WP_Post)#2931 (24) { ["ID"]=> int(425) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2023-04-25 03:51:55" ["post_date_gmt"]=> string(19) "2023-04-25 10:51:55" ["post_content"]=> string(1948) "Jamie is Managing Director and has been an investment banker at Cascadia since 2004. He has personally advised on billions of dollars of innovative and industry leading transactions in his career to date, and he has enjoyed being a part of building Cascadia into the firm it has become.
At Cascadia, Jamie leads the origination and execution responsibilities for a global client base seeking M&A, capital raise and complex corporate finance advice. He founded and leads the firm’s Energy Transition and Climate Technology group, in addition to co-founding the firm’s Robotics, Automation & Artificial Intelligence investment banking group.
Prior to joining Cascadia, he was a lawyer practicing corporate securities and M&A law on the East Coast for an international specialist law firm called Dechert LLP. Before entering the legal profession, he worked in Vancouver, Canada at Colliers International, where he advised corporate and institutional clients with respect to significant commercial and residential real estate investment transactions.
Jamie holds a Bachelor of Commerce (BComm) degree from the Sauder School of Business at the University of British Columbia, a Juris Doctor (JD) degree from Gonzaga University School of Law, where he was a Thomas More Scholar, and a Master of Laws (LLM) degree from New York University School of Law. He is a member of the Washington and Pennsylvania State Bar Associations and holds FINRA Series 7, Series 69 and Series 79 Securities licenses. Jamie is involved with a number of community and charitable endeavors, as well as being an active member in the business community serving in board and management advisory capacities to a number of organizations.
" ["post_title"]=> string(10) "Jamie Boyd" ["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(10) "jamie-boyd" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2023-07-03 05:31:43" ["post_modified_gmt"]=> string(19) "2023-07-03 12:31:43" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(58) "https://www.cascadiacapital.com/?post_type=team&p=425" ["menu_order"]=> int(0) ["post_type"]=> string(4) "team" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [4]=> object(WP_Post)#2935 (24) { ["ID"]=> int(14175) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2023-03-01 10:02:00" ["post_date_gmt"]=> string(19) "2023-03-01 17:02:00" ["post_content"]=> string(0) "" ["post_title"]=> string(22) "Keystone Tower Systems" ["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) "keystone-tower-systems" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2023-06-27 13:43:00" ["post_modified_gmt"]=> string(19) "2023-06-27 20:43:00" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(68) "https://www.cascadiacapital.com/?post_type=transactions&p=14175" ["menu_order"]=> int(0) ["post_type"]=> string(12) "transactions" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [5]=> object(WP_Post)#2938 (24) { ["ID"]=> int(6719) ["post_author"]=> string(1) "1" ["post_date"]=> string(19) "2023-01-12 22:05:48" ["post_date_gmt"]=> string(19) "2023-01-12 22:05:48" ["post_content"]=> string(3121) "Cascadia Capital, an investment bank serving middle market clients, announces the completion of advisory services to First Mode Holdings Inc. (“First Mode”) in support of its joint partnership arrangement (the “Transaction”) with Anglo American.
First Mode, a global carbon reduction company focused on heavy industry, and global mining company Anglo American have closed on a transaction to combine First Mode and Anglo American’s nuGen™ zero emission haulage solution business (“ZEHS”) to accelerate the transition of mining and other heavy industries to diesel-free futures. The Transaction, which closed on January 5th, 2023, values the newly combined business in the order of $1.5 billion and includes a $200 million equity injection from Anglo American.
As part of the advisory services provided, Cascadia issued a fairness opinion to First Mode related to the Transaction.
First Mode is a leading specialist engineering technology company based in Seattle, Washington with an additional location in Perth, Australia.
Anglo American is a leading global mining company based in London with a world class portfolio of mining and processing operations and undeveloped resources. It has more than 106,000 employees around the world, in 15 countries.
The Transaction is intended to facilitate the rapid global growth of First Mode, development of production facilities in Seattle and new proving grounds in Centralia, Washington, support staffing goals worldwide, develop First Mode’s footprint in Perth, Australia, and speed the commercialization and deployment of First Mode clean energy solutions like ZEHS.
For more details on the Transaction please refer to First Mode’s announcement here. Read More
The Transaction represents another advisory assignment for Cascadia in the Energy Transition and Climate Technology sector. For over 17 years, Cascadia has advised innovative market leaders in energy transition, climate, sustainability, and related sectors.
To learn more about Cascadia’s Energy Transition and Climate Technology Group, please click through to the following link.
For more information about this transaction, please feel free to contact:
Jamie Boyd
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Managing Director
jboyd@cascadiacapital.com
(206) 436-2514Cascadia Capital (“Cascadia”), an investment bank serving middle market clients globally, today announced that it acted as the exclusive financial advisor to Vancouver, Washington-based Pacific Power Group ("PPG"), a leading distributor of marine engines and power generators, in its acquisition by MSHS Group, a portfolio company of MPE Partners, a private equity firm focusing on lower middle market leveraged buyouts, recapitalizations, and build-up investments.
Founded in 1958, Pacific Power Group is a leading product and parts sales and service provider of marine engines, power generators, commercial automatic transmissions, and new and remanufactured engines. Predominantly located along the Pacific Coast and Western U.S., PPG has recently established marine engine facilities on the Gulf Coast and has continued its long history of supplier relationships and providing customers a complete solution to their power needs.
“I am immensely proud of the company that our team has built, and how our technical expertise, excellent service, and commitment to values have allowed us to achieve competitive growth. I’m excited to work with MPE Partners, as their resources and expertise will support Pacific Power Group in its geographic expansion and in its products, parts, and services offerings,” said Silvio Piccini, CEO of Pacific Power Group. “We are grateful to Cascadia for being a trusted advisor, and their industry expertise and understanding of the competitive landscape proved greatly valuable in this complex transaction.”
The Pacific Power Group business will complement MSHS, a leading third-party maintenance, repair, and overhaul services provider for marine and power generation applications. PPG and MSHS offer similar products and services in the marine engine and power generation segments, and both companies have complementary supplier relationships. This acquisition will provide for a strong geographical presence on the U.S. West, East, and Gulf coasts along with expanded products, services, and end markets.
“Cascadia is honored to have represented Pacific Power Group and its shareholders,” added Jamie Boyd, Cascadia Managing Director and Head of the firm’s Energy Transition & Climate Tech practice. “We are very pleased with this partnership between two strategically aligned businesses working to provide turnkey power solutions, and we are looking forward to seeing the benefits of their combined innovation in technical and engineering capabilities and customer expansion.”
For more information about this transaction, please contact the Cascadia Capital deal team:
Jamie Boyd
Managing Director
jboyd@cascadiacapital.com
(206) 436-2514Marvin Roeder
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Vice President
mroeder@cascadiacapital.com
(206) 436-2572Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Spectrum Controls, Inc. (“Spectrum” or the “Company”), a leading provider of industrial controls and automation products that serve a variety of end markets.
Founded in 1983, Spectrum has long been a leading designer and manufacturer of industrial automation products such as I/O modules, universal gateways, industrial displays, and other offerings enabling digital and analog connectivity for manufacturing lines and industrial centers. The Company has established deep relationships with the largest and most well-known industrial automation companies and is an integral partner providing renowned brand name products, as well as private label branded products across the industry. This coupled with Spectrum’s strategic focus on innovation and R&D has facilitated the Company’s endured growth and will continue to serve as major strengths post acquisition.
Allied Motion Technologies Inc. (NASDAQ: AMOT) (“Allied”) is a global market leader in advanced motion control and drive products focused on the vehicle, aerospace & defense, healthcare, robotics, and automation end markets. Allied went public in 1962 and has over 20 locations worldwide. They are heavily involved in many Industry 4.0 technologies such as robotics, healthcare tech, Industrial IoT (“IIoT”), and automated machinery. Allied was a compelling strategic acquirer of Spectrum due to their complementary product offerings. Together, both companies will benefit from cross sales to a larger customer base.
“Allied will drive further growth by leveraging Spectrum’s strong global partnerships with large industrial automation companies, utilizing their global distribution channels, and benefit from the continued digital transformation around IIoT, AI and analytics that are driving the increased use of smart factory floor devices,” said Dick Warzala, Chairman and CEO of Allied.
“I am very excited that Spectrum will be joining the Allied team. The synergies that our businesses have are tremendous, and I believe that leveraging the strengths of each company will drive outsized growth and success. Allied’s longstanding history and leadership in the industry was a very important consideration. Additionally, our partners remain one of our most important assets. As we serve end markets worldwide with Allied’s global footprint, we will provide tremendous value to our combined customers,” added Bruce Wanta, President of Spectrum.
“We are very pleased with the outcome of this partnership between two strategically aligned companies working to build cutting edge industrial products and are looking forward to seeing the benefits of their combined innovation and customer expansion,” added Jamie Boyd, Managing Director at Cascadia Capital.
Yee Lee, Senior Vice President at Cascadia Capital added, “Industry 4.0 remains a rapidly growing theme and companies such as Spectrum are the foundation to the digital transformation shift that enables IIoT, AI and analytics, and will drive further applications for predictive maintenance, condition monitoring and others.”
For more information about this transaction, please the contact Cascadia Capital deal team:
Jamie Boyd
Managing Director
jboyd@cascadiacapital.com
(206) 436-2514Yee Lee
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Senior Vice President
ylee@cascadiacapital.com
(206) 436-2544Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to BTR Energy, a cleantech company enabling electric vehicles to interact with electricity markets, in receiving a growth equity investment from Caisse de dépot et placement du Québec (“CDPQ”), a global investment group and bp ventures. The joint investment between CDPQ and BP is the first of a new co-investment collaboration targeting ventures in the sustainable energy sector.
This first CDPQ-bp ventures co-investment, which included additional co-investors Clean Energy Fuels, Innovatus LP, and SineWave Ventures, will support BTR Energy in growing its platform to help support the decarbonisation of the transportation sector by using data to enable interactions between electric vehicles and electricity markets. Today, BTR Energy’s “Bridge” platform automates participation in low carbon fuels programs, like California’s Low Carbon Fuel Standard, by connecting leading EV manufacturers, fleet operators, and charging station networks to renewable electricity generators. BTR Energy will use the proceeds from the investment to scale its existing operations and expand into new markets, including emerging clean fuels markets in Canada, the United Kingdom and Europe.
“Now more than ever, investors are directing capital toward innovations that will allow us to fight and adapt to climate change. CDPQ is delighted to collaborate with a world-class player such as bp ventures to invest in energy technologies and companies that are accelerating the transition toward a low-carbon economy,” said Geneviève Bouthillier, Managing Director, Private Mid-Market Companies and Stewardship Investing at CDPQ. “Our co-investment in BTR Energy is a good example of what we aim to do with bp ventures: invest in promising companies that have demonstrated their capability to have a concrete impact, in order to propel their growth.”
Nacho Gimenez, Managing partner at bp ventures, said, “BTR Energy is exactly the type of game-changing business we look to invest in at bp ventures. They identified a value chain that could increase the clean electricity used in EV charging, developed an innovative solution to make it work and successfully deployed it. We welcome BTR Energy to our portfolio and look forward to working with the team, exploring ways to expand the company outside of its Californian base. It’s also our first investment with CDPQ, and an exciting first step for a collaboration that through shared knowledge and opportunities will help us continue to accelerate innovation across the entire energy spectrum.”
“Our partnership with bp ventures and CDPQ will enable us to strengthen our core capabilities, expand into new low-carbon fuels markets in North America and Europe, and launch new, proprietary products designed to further reduce emissions by directly engaging EV drivers. Nearly a dozen EV manufacturers participate in programs like California’s Low Carbon Fuel Standard through the BTR Energy platform because we have a unique, expert understanding of the regulations and requirements, and because we provide a single, automated point of access to multiple programs,” said Jack Barrow, Chief Executive Officer, BTR Energy. “With this investment, we will continue to outperform in these markets while also committing resources to support new electrification initiatives led by our clients.”
“Congratulations to the team at BTR Energy – this impressive investment partnership is a testament to the efficacy of the BTR technology platform, the team and the incredible opportunity in front of them. We were thrilled to be a part of this transaction,” notes Jamie Boyd, Managing Director and head of Cascadia Capital’s Energy Transition and Climate Technology group.
This transaction represents another successful Energy Transition and Climate Technology transaction for Cascadia.
For more information about this transaction, please contact Jamie Boyd at Cascadia Capital:
Jamie Boyd
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Managing Director
jboyd@cascadiacapital.com
(206) 436-2514Cascadia Capital is pleased to announce that its client Optimum Energy (“Optimum” or the “Company”), a global leader in HVAC optimization solutions, has entered into a definitive agreement to be acquired by Bernhard Capital Partners (“Bernhard Capital”), an infrastructure and services-focused private equity management firm.
Founded in 2005, Optimum provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions. Utilizing on-site, integrated control software, the Company supports a broad range of organizations around the world to continuously reduce energy consumption and ensure peak performance. Optimum’s advanced, patented technology is developed by industry-leading engineers and has an over 15-year track record of proven results, serving customers across five continents throughout pharmaceutical, higher education, healthcare, technology, hospitality and industrial end markets.
Optimum will continue to be led by President Larry Stapleton and the existing management team, while benefitting from the support of Bernhard Capital’s strategic partnership. Together they will look to expand Optimum’s impact and position itself as the world leader in intelligent optimization software solutions for large-scale HVAC systems, while enhancing its offerings and continuously innovating to help customers meet their financial and sustainability-focused goals.
“We are very pleased with the outcome of this partnership between two strategically aligned parties working together to accelerate the optimization of HVAC systems in large footprint buildings. This transaction will enable Optimum to further leverage the tailwinds of energy efficiency and building automation, driving global scaling of the business,” added Jamie Boyd, Managing Director at Cascadia Capital.
“Cascadia was an involved and resilient advisor, guiding us through this process, and provided exceptional advice to us during the transaction,” added Larry Stapleton, CEO of Optimum. “As experienced advisors, they demonstrated a deep understanding of our industry and business.”
This deal represents another successful transaction for the Cascadia Energy Transition & Climate Technology practice. Recent transactions include Keystone Tower System’s growth equity advisory, First Mode’s business combination advisory, and Pacific Power Group and Spectrum Control’s sell side advisory.
For more information about this transaction, please contact:
Jamie Boyd
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Managing Director
JBoyd@cascadiacapital.com
(206) 436-2514