Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to TERRA Staffing Group (“TERRA”), an industrial and professional staffing and recruiting provider, in its investment from Hastings Equity Partners (“Hastings”), a leading business services private equity firm focused on founder-led, middle market businesses that are positioned for rapid growth.
Founded in 1983, TERRA Staffing Group has grown into one of the largest privately-held staffing firms headquartered in the west, with locations in Dallas, Denver, Phoenix, Portland, and Seattle areas. The Company has consistently been a Diamond Award recipient of ClearlyRated’s “Best of Staffing” for both client and talent satisfaction.
“Greg and Jen have built a world-class staffing business and we look forward to working with them to continue TERRA’s geographic expansion. We couldn’t be more thrilled to partner with them,” said Grant Reckhow, Principal at Hastings.
“Cascadia provided excellent strategic advice to us throughout our transaction process as experienced advisors that demonstrated a deep understanding of our market and business,” said Jen Lambert, Chief Strategy Officer of TERRA. “The team helped us navigate the landscape of potential partners, ultimately leading to a partnership with Hastings that perfectly aligns with our culture.”
“I’m thankful we chose Cascadia as a partner that was looking out for our best interests and helped us achieve our goals as a company,” added Greg Lambert, Chief Executive Officer of TERRA.
“TERRA has leveraged its technology, tools, and operating practices to grow into one of the preeminent workforce solutions providers in the country,” said Hugh Campbell, Managing Director and Head of Cascadia’s Business Services team. “Hastings is the perfect partner to help TERRA expand the reach of its uniquely consultative offering.”
For more information about this transaction, please contact: