December 9, 2021
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Valence Group, Inc. (“Valence”), a digital transformation solutions provider, in its acquisition by MajorKey Technologies (“MajorKey”), a leading technology consulting and services business backed by The Acacia Group (“Acacia”), a team of specialist investors in digital transformation.
Seattle-based Valence was launched in 2017 and rapidly scaled its work with commercial and public sector clients across the US. Like many fast growing companies, Valence’s biggest challenge has been finding a way to meet intense client demand. Joining MajorKey answers this challenge. MajorKey is bolstered by its oustanding sales team and client base, as well as its ability to field blended teams of exceptional on- and near-shore technical talent — all of which will benefit Valence’s sophisticated client base.
MajorKey and Valence are united in their focus on delivering great business outcomes for clients through an end-to-end service model focused on strategy, design, engineering and managed services.
“Cascadia’s relationships with the most relevant potential counterparties proved to be invaluable in finding the best fit for Valence,” said Jim Darrin, CEO of Valence. “Cascadia expertly managed the transaction process so that we could focus on our business. Without getting distracted by the labor intensive deal process, we were able to continue our growth trajectory uninhibited.”
“Valence has leveraged its differentiated capabilities in emerging technologies to facilitate digital transformation initiatives for its enterprise client base,” said Nico Esposito, Managing Director and Co-Head of Cascadia’s Business Services team. “The market’s demand for digital and operational technology engineering expertise has outstripped the supply of available resources and is expected to continue to increase for the foreseeable future, providing strong tailwinds for continued M&A activity in the tech services sector.”
“We were pleased to work with the Company’s shareholders to find the right partner to help Valence reach the next level,” added Hugh Campbell of Cascadia’s Business Services team. “With such a unique set of cutting-edge capabilities, Valence has substantial untapped potential that will be realized with MajorKey.”
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