January 18, 2022
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Point B (“Point B”), a global consulting firm, in its investment from Endeavour Capital (“Endeavour”), a leading investor focused on growth-oriented companies in the professional services segment.
Founded in 1995, Point B was created to give both clients and employees a fresh alternative to the traditional management consulting model, focused on disruption and innovation. Over the years, Point B expanded its footprint and customer base into a global consultancy with over 900 employees, accumulating a wide array of awards for its delivery excellence and culture.
The Endeavour partnership builds on this growth and provides the requisite resources to make an even greater impact, bringing industry-relevant solutions, steeped in technology, to help Point B solve its clients’ biggest challenges. The partnership also underscores Point B’s founding principle of ownership. Employees will continue to have a stake in the firm’s financial future and participate in its success through Point B’s Employee Stock Ownership Program (ESOP).
“Point B is grateful to the Cascadia team for helping us through this transaction process. We have always taken a differentiated approach to what traditional consulting firms bring to the table and had an expectation for finding an equity partner that shared our unique combination of empathy and expertise,” said Point B’s President, Brian Turner. “Cascadia helped expertly navigate the landscape of potential buyers, ultimately leading to a partnership with Endeavour, an experienced investor that has demonstrated a deep understanding of our market and business, while seamlessly complementing our people-focused culture.”
“Our long-term relationship with Cascadia was advantageous as we went through the processes of preparing for, and executing on, a recapitalization of the Company,” said Chris Marsh, Chairman of the Point B Board. “We appreciated Cascadia’s commitment to advising Point B through a complicated transaction environment.”
“As one of the largest independent consultancies in the United States,” commented Hugh Campbell, Managing Director and Co-Head of Cascadia Capital’s Business Services team, “Point B was a highly sought-after potential partner, and Endeavour differentiated itself as the ideal organization to support the Company in its next phase of accelerating growth.”
“We see great potential for Point B in partnership with Endeavour,” added Nicodemo Esposito, Managing Director and Co-Head of Cascadia’s Business Services practice. “Point B has earned its sterling reputation by exceeding its clients’ expectations for over a quarter century. The primary catalyst for this transaction was Point B’s understanding that its clients were facing increasingly complex challenges, which will require Point B to add significant breadth to its service offering, leading to this important milestone in the Company’s evolution.”
The recapitalization represents another successful transaction for Cascadia within the digital transformation consulting space. Additional recent transactions include Valence Consulting’s acquisition by MajorKey, a portfolio company of The Acacia Group, and Fresh Consulting’s growth equity capital raise from The Cynosure Group.
For more information about this transaction, please contact the Cascadia Capital Business Services team:
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