Cascadia Capital, an investment bank serving middle-market clients globally, is pleased to announce that it acted as the exclusive financial advisor to CarbonQuest, a leading distributed carbon capture technology provider, in a significant growth capital funding round led by Riverbend Energy Group (“Riverbend”), with participation from other institutional investors. The funding will enable CarbonQuest to offer its Distributed Carbon Capture™ technology to a broader range of carbon emitters and accelerate market penetration of its cost-effective and economically viable solution.
CarbonQuest was founded in 2019 with a vision to solve decarbonization challenges for small-and medium-scale emitters across the industrial market segments and the built environment by creating a compact, modular carbon capture solution that addresses decarbonization needs in a cost-effective manner.
CarbonQuest combines trusted technologies with an innovative, expert approach to point source carbon capture for fuel cells, combined heat and power systems, and boilers across multiple applications. Through its modular technology, CarbonQuest is able to deliver an impactful yet widely accessible emission reduction solution promoting stronger and healthier communities.
This new capital from the growth capital round enables CarbonQuest to pursue its goal to deliver the lowest $/ton in the industry and address new market segments, including biogenic sources of CO2, utility infrastructure, and other “hard-to-abate” facilities. The company will expand its relationships in the CO2 utilization and sequestration space to provide end-to-end emissions mitigation solutions. CarbonQuest will also advance development of its Carbon Management Software™, which provides real-time data and analytics to track the capture of CO2 and its delivery to customers. As part of the transaction, Joe Passanante and Eric Danziger of Riverbend will join CarbonQuest’s Board of Directors.
“CarbonQuest’s innovative approach to distributed carbon capture technology is not only addressing the critical need for decarbonization in hard-to-abate sectors but also setting a new standard for economic viability in the industry. This investment will accelerate CarbonQuest’s impact across multiple market segments, and we are proud to have played a role in facilitating their growth,” said Jamie Boyd, Managing Director at Cascadia Capital.
With the recent election outcome, the potential impacts on markets are top of mind for business owners, investors, and dealmakers across industries. While macroeconomic discussions often dominate the discourse, Cascadia Capital focuses on delivering insights that go beyond broad trends, tailored specifically to the sub-verticals we serve. Our industry experts recently discussed their opinions and perspectives on how the new administration’s policies could potentially shape various industry sub-sectors.
Below is a representative selection of insights from our sector bankers, offering a glimpse into how these anticipated changes have the potential to affect their respective areas of focus. This is not a comprehensive overview, but rather a snapshot of the key developments and trends we are monitoring closely and the changes we predict based on our experience and current understanding of the market.
To discuss how market changes may impact your business or investment strategies, please reach out to a team member that covers your industry in depth.
Business Services
Impact on Facilities Services Market: With Trump’s win of the 2024 U.S. presidential election, the broader facilities services market—which encompasses everything from HVAC, landscaping, janitorial services, security, building maintenance, and other facility management services—could experience significant changes. These effects would be shaped by his administration's approach to economic policy, infrastructure, regulation, and labor.
Labor Shortages: One of the most pressing challenges in the facilities services sector is labor. Many of the industries within facilities services—HVAC, landscaping, cleaning, and maintenance—rely heavily on immigrant labor. Trump's historically strict stance on immigration could exacerbate labor shortages, particularly in lower-wage service sectors.
Broader Impacts on Business Services Sub verticals:
AI and Blockchain: Services related to AI and blockchain are expected to benefit from the Trump administration's deregulatory stance. This shift could provide additional tailwinds for service providers, potentially helping businesses prepare for an expected increase in adoption of AI through solutions like cloud migration and advanced data analytics.
Nearshoring and Offshoring: Anticipated increased scrutiny on H-1B and L-1 visa programs under a Trump administration could accelerate the demand for nearshoring and offshoring of IT services. Companies may seek to diversify their talent pools and reduce reliance on U.S.-based immigrant labor, which might continue the upward trend in demand for these services.
Consumer & Retail
Consumer Sentiment: Conversations with consumer-focused PE firms suggest an optimistic outlook, with potential for improved retail spending under a new administration.
Tariffs: The effects of tariffs remain very uncertain, with the potential for increased prices. However, if managed as a negotiation tool, they may incentivize on-shoring of production.
Taxes: Discussions on capital gains taxes have diminished, and a more favorable corporate tax structure is likely. Removing SALT limits may also increase disposable income in larger states.
Energy Transition & Climate Tech
Shift Toward Fossil Fuels: Under a Trump administration, energy policy is expected to pivot towards "Energy Dominance," favoring fossil fuels over renewables and climate tech. This shift has the potential to challenge current momentum in the sector.
The Inflation Reduction Act (“IRA”) and Alternative Financing: The Inflation Reduction Act's clean energy incentives could face scrutiny. If so, companies may need to consider alternative financing to maintain growth and account for potential revisions to the tax credit and subsidization schemes. Given the IRA clean energy programs seem to be quite favorable to "red" states, there is a hope that momentum will continue forward without too much disruption.
Corporate and Technological Resilience: Despite potential policy headwinds, private sector support and technology advancements could position renewables and climate tech to demonstrate competitive viability without subsidies, which could support gradual, long-term progress in energy transition. As has happened in the past, corporates maybe integral in partnering with institutional investors to fund and scale renewable and climate technologies.
Continued Momentum Despite Headwinds: While Trump’s energy stance is presumed less favorable to renewables, advancements in climate tech, investor sentiment, and awareness of climate risks suggest the energy transition will maintain a slower but steady upward trajectory as unit economics improve.
Healthcare
The Trump election could bring notable changes to healthcare policies and subsectors, potentially reshaping the industry's landscape. Some stakeholders view this as an opportunity for increased activity in healthcare mergers and acquisitions (M&A), particularly if the administration takes steps to reverse the Federal Trade Commission’s (FTC) more restrictive stance toward private equity in healthcare. Such policy adjustments might encourage investment and pave the way for greater consolidation and innovation, creating potential opportunities for growth and operational efficiencies. Additionally, a shift toward a more business-friendly regulatory environment may prompt private equity firms to explore emerging markets, such as digital health, physician practices, and value-based care models, which could gradually influence the broader healthcare ecosystem.
Recent/Upcoming Developments
Nomination Announcement: President-elect Trump has nominated Robert F. Kennedy Jr. (RFK Jr.) to lead the Department of Health and Human Services (HHS).
HHS Scope: HHS oversees major agencies, including CMS, FDA, CDC, and NIH, which are responsible for healthcare financing, public health, drug safety, and research.
Key Policy Outlook
Deregulation and Reversal of Previous Policies:
The administration may aim to roll back or adjust regulations enacted during the previous administration, potentially reducing federal oversight in the healthcare sector.
Efforts to ease regulatory constraints could create opportunities for growth in areas such as physician practices, digital health, and other emerging healthcare subsectors. A focus on deregulation might encourage private sector engagement and drive incremental advancements in healthcare delivery and technology.
Medicare and Medicaid:
Policies could include exploring caps on drug prices based on international benchmarks, potentially revisiting the International Price Index proposal from Trump’s first term.
Possible actions include approving restrictive Medicaid waivers, reversing certain Biden-era healthcare policies, and opposing Medicare drug price negotiations.
Patient Protection and Affordable Care Act (ACA):
While past efforts to repeal the ACA were unsuccessful, the administration has suggested an intent to pursue alternative, less costly healthcare frameworks, though specific proposals remain unclear.
Prescription Drug Costs:
President-elect Trump has expressed support for lowering prescription drug prices, citing actions from his first term, such as signing the Know the Lowest Price Act and the Patient Right to Know Drug Prices Act.
The administration may critique existing Medicare drug price negotiation policies without yet offering detailed alternatives for similar cost-reduction goals.
Veterans' Healthcare:
Potential focus on expanding access to private healthcare for veterans and reducing associated costs.
During his first term, Trump signed the VA MISSION Act, which allowed veterans to seek care outside VA facilities through the Veterans Community Care Program.
Food, Beverage & Agribusiness
Labor and Automation in Agriculture: Potential immigration reform and deportation policies may affect agricultural labor, which could drive a stronger focus on automation and technology adoption to fill potential labor gaps in the sector.
MAHA’s Ingredient and Labeling Reform: The Make America Healthy Again (MAHA) agenda is expected to reshape the food value chain if executed as discussed, particularly impacting companies reliant on seed oils, sugar, and grains, as well as manufacturers using any of the 1,000+ ingredients banned in Europe but permitted in the U.S. MAHA’s focus on public health and dietary reform could challenge the role of processed foods and additives, which are argued to contribute to chronic diseases. By promoting stricter guidelines and greater transparency in food labeling, MAHA aims to influence food composition and educate consumers. While many consumer advocates support these changes, there is concern within the food industry that labeling certain foods as “unhealthy” could mislead consumers and pose challenges for families with limited food access, as processed options are often more affordable.
Commodity Prices and Global Trade: Trade policies will be crucial for commodity prices and farmer income, especially regarding tariffs and potential countermeasures from key partners like China. These shifts, if they take place, could add volatility to the agribusiness sector.
Industrials
The recent uptick in the Purchasing Managers' Index (PMI) from a 15-month low of 47.3 in September to 48.5 in October has sparked interest, with some attributing this to pro-business optimism around Trump’s potential election win. While U.S. manufacturing remains in contraction, this data could possibly signal easing in the downturn, with November numbers offering more insight.
Advanced Manufacturing and Industrial Technology: Shifts in Production and Cost Dynamics
Pro-Business Tax and Incentive Environment: Proposed tax cuts and targeted incentives could drive capital investment in domestic manufacturing, especially in upgrading capital equipment.
Onshoring Momentum and Automation Demand: Heightened focus on domestic manufacturing, fueled by proposed tariff policies and supply chain risks, could boost onshoring. However, potential workforce shortages might increase demand for automation across manufacturing operations.
Lower Production Costs: Reduced energy prices are anticipated to lower direct production costs and, indirectly, freight and logistics expenses, which could benefit manufacturers.
Workforce Development Programs: Government incentives for skilled labor training could help alleviate worker shortages, which would be essential for sustaining onshoring momentum.
Supply Chain Services & Technology: Expansion and Tech-Driven Efficiency
Environmental Policy Impacts: Potentially looser environmental regulations may slow the adoption of green technologies, but expanded transportation operating margins could boost shipping volumes and operational capacity.
Growth in Logistics Technology: As logistics providers handle higher volumes and target margin expansion, technology solutions, especially software, is expected to be crucial for managing this growth effectively.
Rise in Automation: Accelerated adoption of robotics and automation, particularly in warehouses and distribution centers, could streamline operations and meet rising demand.
Building Products & Construction Services: Investment, Rates, and Consumer Spending
Underinvestment Catch-Up: Historic underinvestment in infrastructure, especially residential, could demand long-term spending increases to address deficits.
Economic Policy and Interest Rates: Federal interest rate trends will be critical, with potential delays or reductions in rate cuts possibly impacting project financing and spending.
Consumer Sentiment and Spending: Consumer sentiment, bolstered by potential personal tax cuts, may fuel home improvement investments. However, inflationary pressures from expected tariff expansion could raise costs for products with global supply chains.
Technology & Software
The tech industry anticipates a favorable shift under a Republican-led government, with relaxed regulations potentially easing some of the more stringent compliance standards on data use and privacy, particularly within digital advertising. This approach could create a ripple effect across various sectors reliant on advertising and data-driven insights.
Digital Advertising: Renewed Innovation and Market Expansion
Regulatory Relief: Reduced oversight on privacy and data collection could alleviate burdens posed by recent laws like the CCPA (California Consumer Privacy Act) and GDPR (General Data Protection Regulation), which have historically constrained how advertisers use personal data. This change, if executed, is expected to reinvigorate ad-tech firms and advertisers, allowing for greater experimentation and personalization.
Innovation and M&A Activity: If there were fewer regulatory obstacles, tech companies in advertising may accelerate innovation in personalized advertising and data analytics. Such an environment might bode well for renewed M&A discussions, as companies could see an opportunity to expand through acquisition amid growth.
Increased Advertising Spend: A potential combination of eased regulations and innovation in ad delivery could spur more spending across sectors reliant on advertising, including consumer goods, food, and hospitality, if advertisers regain confidence in tech solutions.
Media & Entertainment: Self-Regulation with Strategic Growth Opportunities
Maintained Industry Protections: While media may benefit from lighter regulation, the industry is expected to continue with self-regulation due to the high stakes of piracy and content protection under the DMCA (Digital Millennium Copyright Act). Historically, M&E platforms have not been keen on leaving protective measures to regulators.
Deregulation and Infrastructure Investment: The administration’s perceived opposition to net neutrality could allow ISPs to experiment with differentiated services, potentially benefiting tech infrastructure and content providers. Over time, consumers may see improved internet access if ISPs invest in new technologies.
Consolidation as a Survival Strategy: Following disruptions from labor strikes and competition in streaming, the M&E industry could see increased consolidation. With anticipated relaxed antitrust scrutiny, M&A within streaming and production could help stabilize the sector and foster growth through strategic mergers.
FinTech & Payment Technologies: Growth, M&A, and Rising Risks
Regulatory Easing Spurs Activity: Looser regulations and lower capital requirements are expected to encourage risk-taking, higher-return investments, and a surge in M&A across banks, fintechs, and the crypto market, with increased private equity involvement.
Opportunities for Growth: Lower interest rates and increased spending on financial technology solutions are set to drive valuations, transaction volumes, and revenues, with many fintech companies entering the market in 2025-2026.
New Risks Emerge: Reduced oversight could lead to greater reliance on third-party rating agencies like Fitch, potentially increasing fraud risks. Compliance-focused fintechs may face challenges if clients scale back regulatory spending. Additionally, anticipated complexity around tariffs, immigration reform, and "Made in USA" requirements could influence transaction volume and increase software and processing costs. Meanwhile, a growing focus on cyber vigilance and fraud prevention in transactions involving foreign governments is expected to drive up spending on cybersecurity and anti-fraud measures in the payments sector.
As we navigate this evolving landscape, Cascadia remains committed to delivering relevant insights that help our clients anticipate and adapt to the full range of market dynamics and outcomes—whether it's policy shifts, changing economic conditions, or emerging industry trends.
We hope these insights, based on our current observations and predictions, will provide some perspective as you navigate the opportunities and challenges ahead. While the true outcomes remain uncertain, we aim to help you prepare for potential market shifts. To discuss how these possible changes may impact your business or investment strategies, please reach out to a team member that covers your industry
Disclaimer | This information is being furnished by Cascadia Capital, LLC (“Cascadia”) to the recipient and is intended as an outline of matters for informational and discussion purposes only. The information contained herein, including any market data and industry information, has been derived entirely from material supplied by public sources, which Cascadia believes to be accurate; however, no independent verification of such material has been made and any estimates made by Cascadia based on material from such sources are by their nature inherently inexact. Accordingly, Cascadia does not make any representation or warranty, nor is any such representation or warranty implied, as to the accuracy or completeness of the information contained herein, and Cascadia is not responsible for any misstatements or omissions in this summary. Cascadia has no obligation to update the information contained herein.
This presentation may include certain statements, estimates and projections with respect to a company, or industry, including certain forward-looking statements. Any such statements, estimates and projections reflect various assumptions, which may or may not prove to be accurate or correct, concerning anticipated results and are subject to significant business, economic and competitive uncertainties and contingencies, all of which are beyond the control of Cascadia. Accordingly, there can be no assurance that such statements, estimates and projections will be realized. Such statements, estimates and projections are likely to vary from actual results and those variations may be material. No such statements, estimates or projections constitute a guarantee, promise, forecast or prediction of the future and Cascadia does not represent or warrant that any estimates or projections will be achieved. Cascadia neither: (i) accepts responsibility for or makes representations as to the accuracy or completeness of any forward-looking statements, estimates or projections contained in this presentation, nor (ii) undertakes any obligation to update or revise any forward-looking statements, estimates or projections for any reason after the date of this presentation. All financial data in this presentation is provided for informational and discussion purposes only. Past performance is not necessarily indicative, or a guarantee, of future results. There can be no assurance that any Cascadia project will achieve comparable results as those presented herein.
The information contained in this summary is strictly confidential and may not be reproduced, distributed, disclosed or disseminated, in whole or in part, to any third party without the prior written consent of Cascadia.
Cascadia Capital’s Energy Transition & Climate Technology team is pleased to share with you our newest industry report focusing on the dynamic landscape of the evolving energy transition economy. We spotlight the recent trend of re-shoring or near-shoring renewable energy efforts and provide a comprehensive look into the forces behind this and the impacts of doing so. Within you will find industry insights and an overview of the landscape, as well as an update on notable M&A and capital raise activity in the sector.
Key Highlights:
China’s dominance of the global clean energy market, along with geopolitical complexities and supply chain constraints, has driven the US to onshore its renewable energy production
This shift is responsible for Energy Transition in the US to have grown tremendously over the past two years, driven by the announcement of government initiatives such as the Inflation Reduction Act (IRA), the Infrastructure Investment and Jobs Act (IIJA), and the Bipartisan Infrastructure Law (BIL)
In North America, the sector is expected to grow at a CAGR of 9.8% from $828B in 2023 to $1,749B by 2031, driven by increased investments, aforementioned legislative initiatives, and the expansion of multiple sub-sectors
Amid supply chain challenges, shortage of skilled labor, and high costs of setting up renewable energy plants, the energy transition sector is witnessing innovations, all aimed at enhancing the efficiency of renewable energy across the country
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:
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:
Cascadia 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:
Cascadia 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:
