Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to SASE Company, Inc. (“SASE”), a leading manufacturer and supplier of equipment and consumables used in the concrete polishing industry, in its recapitalization with Blue Point Capital Partners (“Blue Point”).
SASE provides a comprehensive portfolio of high-quality products including grinding machines, vacuums, diamond tooling, abrasives and related products. The company, with locations in Rockford, Tennessee, and Kent, Washington, is well-positioned for continued growth due to its industry-leading reputation for technology, quality and superior customer service.
Blue Point Capital Partners is a private equity firm managing over $825 million in committed capital. The partnership between SASE and Blue Point provides significant opportunities to leverage Blue Point’s value-added resources, such as sourcing and supply chain expertise, data analytics and digital capabilities, and strategic growth resources.
“The acquisition of SASE represents an excellent opportunity to partner with a local company with a strong management team, and acquire a growing business in an attractive industry,” said Mark Morris, a Partner with Blue Point. “The business fits well with Blue Point’s strategy of partnering with an experienced management team as first institutional investor and where we see ample opportunity for Blue Point to be a value-add partner.”
“The Cascadia team proved to be a true partner in guiding our process,” added James Weder, President of SASE. “We initially thought a strategic buyer was the way to go. Cascadia educated us on private equity as the better match with our growth and strategic objectives, and with Cascadia’s guidance we were able to find the ideal partner in Blue Point Capital Partners.”
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