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Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Westward Partners LLC (“Westward”) on its exit of portfolio company Cascade Coffee, LLC (“Cascade Coffee”) to LaSalle Capital (“LaSalle”).
Headquartered in Everett, WA, Cascade Coffee is a leading, full-service contract and private label roaster, grinder, flavorer, and packager of retail coffee products. The Company offers its customers significant capabilities across packaging types, flavor profiles, and flavor and nutraceutical enhancements, all while providing best-in-class quality and customer service. CEO John Gilbert will continue to lead the Company through this next phase of growth and expansion.
“Coffee has long captured the attention of capital as a category of interest, known for its consistent and growing demand function” noted Erik Einwalter, Managing Director at Cascadia. “Cascade built a reputation as the leading independent contract producer in the segment which led to an exceptional customer list and white space for growth”.
“This transaction highlights continued strategic and financial investor appetite for high quality contract and private label food manufacturing assets,” added Ryder Thomas, Cascadia Vice President. “Cascade Coffee exemplified the attributes of a premium asset in this space, and we were grateful for the opportunity to work with the team to drive a successful outcome.”
This acquisition represents another successful transaction for Cascadia’s food and beverage practice and a continued demonstration of its depth of experience in coffee, coupled with deep focus on contract manufacturing. Select recent transactions include the sale of Nor-Cal Beverage to Manna Beverages & Ventures, the acquisition of Wyandot Snacks by Astara Capital, the acquisition of Green River Spirits by Bardstown Bourbon Company, and the acquisition of Campos Coffee by JDE Peet’s.
Related Transactions
This acquisition represents another successful transaction for Cascadia’s within the contract and private label food & beverage sector. Past transactions include:
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