Cascadia Capital, an investment bank serving middle market clients globally, is pleased to welcome Adam Stormoen as a new Managing Director in the firm’s Healthcare practice. Based in Cascadia’s Minneapolis office, Mr. Stormoen will focus on providing M&A and corporate finance advisory to Cascadia’s clients in the Medical Products and Healthcare Services sectors.
Mr. Stormoen brings to Cascadia Capital 20 years of investment banking experience advising middle market private and public companies. Throughout his career, he has advised on more than 30 M&A transactions and has been involved in over 40 capital raises that resulted in $3+ billion in new capital.
Prior to joining Cascadia Capital, Mr. Stormoen was a Managing Director in the Healthcare M&A Advisory practice at Duff & Phelps. He was previously at Roth Capital Partners, where he focused on both public and private equity offerings, as well as M&A advisory transactions, and played an integral role in building the firm’s Healthcare practice. Early in his career, Adam helped to launch the corporate finance practice at Dougherty & Company, a Minneapolis based financial services firm, and spent nearly a decade at McGladrey advising clients on sell-side and buy-side M&A transactions and private capital raises.
“We are thrilled that Adam is joining our very active Healthcare practice,” noted Kevin Cable, Managing Director in the Healthcare group. “Adam’s extensive background and experience in the sector significantly augments the expertise of our team in several critical areas, including medical devices, medical equipment, pharmacy and imaging.”
“Adding a Managing Director of Adam’s caliber to the Cascadia platform enhances the exceptional service we deliver to our clients,” added Chairman & CEO of Cascadia Capital, Michael Butler. “We view the current market turmoil as an opportunity to recruit senior bankers with attractive subsector expertise and successful track records of serving the middle market, who fit well with the culture at Cascadia. Adam is the fourth Managing Director Cascadia has hired in the last twelve months.”
“Cascadia is a talented group of professionals with a long-term client focus and results orientation,” commented Mr. Stormoen. “The cultural fit is very compelling, as is the opportunity to join a growing firm, strengthen and expand the geographic footprint, and bring additional sub-vertical expertise to bear for the benefit of our Healthcare clients.”
Founded in 1999, Cascadia Capital has spent twenty years working with family business owners and entrepreneurs. Over the past two decades the firm has grown to more than 50 investment banking professionals, including 16 Managing Directors, across four cities. To date the Firm has completed over 365 transactions on behalf of its clients, representing more than $12.6 billion of transaction value.