Cascadia Expands Investment Banking Platform with Acquisition of Threadstone

Acquisition bolsters consumer & retail coverage capabilities and expands east coast presence

Cascadia Capital, LLC, one of the nation’s most active independent middle-market investment banks, today announced that it will acquire Threadstone Capital, a leading advisor to high-growth consumer, retail, and beauty brands. Threadstone’s investment banking team, led by Managing Director William Susman, will join Cascadia’s Consumer, Retail & E-Commerce group. This addition strengthens Cascadia’s industry breadth in several key verticals, including apparel, accessories, footwear, beauty, personal care, pet, and home design, and marks the firm’s ongoing growth with the addition of a new office in New York City.  

Michael Butler, Chairman & CEO of Cascadia, expressed excitement about the acquisition, stating, “Billy Susman is someone I have long admired, and I am thrilled to welcome him and the talented team at Threadstone to Cascadia. We have been looking to grow our Consumer & Retail practice and open a New York office, and with this transaction we accomplish both objectives.”

“Adding a team of Threadstone’s caliber and industry focus will broaden and complement the exceptional service we deliver to the business owners and investors we advise. Billy and his team have a proven track record and demonstrated passion for the business. Their commitment to excellence and client-focused, collaborative approach fit extremely well with Cascadia’s culture,” added Mr. Butler.

Founded in 2011, Threadstone Capital established itself as a trusted advisor to businesses and financial sponsors throughout the consumer space. Known for its innovative approach and deep industry knowledge, Threadstone has closed over $5 billion in cumulative transaction value for clients.

On joining Cascadia, Mr. Susman noted, “I am very proud of our team’s accomplishments to date and this partnership represents the next chapter of growth for our franchise. Cascadia offers a national footprint and broader resources to further assist our consumer & retail client base in executing their strategic objectives.”

“Michael and his team are building one of the most impressive independent investment banking platforms in the country, and I’m excited that my team can contribute our unique insights and expertise to that effort,” Mr. Susman added.

This transaction comes at an exciting time for Cascadia, as the firm looks to build on recent momentum and fuel continued product, industry, coverage, and geographic scaling of the platform following the strategic investment from Atlas Merchant Capital at the end of 2022.

“We have worked hard to build a national Consumer, Retail & E-Commerce practice at Cascadia over the past decade and I am thrilled to extend the exceptional capabilities of the entire Threadstone team to Cascadia’s clients,” said James Cartales, Cascadia Managing Director in the Consumer group. “Threadstone’s experience working with best-in-class brands and clients across the fashion, luxury, and beauty industries adds a new dimension to our industry coverage while bolstering other areas of our existing coverage and we believe the combination with the Cascadia platform will enable us to better serve all of our family, founder, and institutional clients.”

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