January 19, 2021
Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce the promotions of Scott Porter and Matthew Riendeau to Managing Director.
“I’m very pleased to welcome Scott and Matt to the group of nearly 20 Managing Directors at Cascadia Capital,” said Cascadia CEO, Michael Butler. “These two individuals embody Cascadia’s entrepreneurial, hardworking, and client-focused culture. They have very deep industry expertise in verticals with extremely strong growth dynamics, which allows them to provide the thoughtful, high-quality advice and counsel we pledge to all of our clients.”
As a Managing Director in the firm’s Food, Beverage and Agriculture group, Scott Porter has been instrumental in building the firm’s Agribusiness practice into one of the most active in the country. Mr. Porter has particular expertise in the Production Agriculture, Agriculture Inputs, Food Processing & Ingredients, and AgTech subsectors. He has over 10-years of dedicated Food and Agribusiness banking experience and has been involved in 35 transactions with more than $3 billion in total value since 2014.
Prior to joining Cascadia, Mr. Porter was with Moss Adams Capital and Wells Fargo Bank, where he supported clients across multiple industries, with extensive focus on Agribusiness sell-side, buy-side, financing, and strategic advisory transactions.
Since joining Cascadia in 2017, Mr. Porter has played a central role in executing some of firm’s most meaningful Food and Agribusiness transactions including the capital raise of Auvil Fruit Company, the sale of Firestone Pacific Foods, the acquisition of FruitSmart, the sale of Western Polymer Corp, and the sale of Specialty Sales, among others.
“On behalf of the entire Food, Beverage and Agribusiness group at Cascadia Capital, we congratulate Scott on this well-deserved promotion,” said George Sent, fellow Cascadia Managing Director in the Food, Beverage & Agribusiness practice. “His industry expertise, extensive network, and his ability to collaborate both internally, as well as outside of the firm, have led to great success. We look forward to partnering with Scott for years to come.”
Matt Riendeau has been a core member of Cascadia’s Technology group since 2009. He has extensive domain expertise across the software sector, and co-founded the firm’s DevOps and Sales, Marketing & Support practices.
In his decade plus career at Cascadia Capital, Mr. Riendeau has helped shape the firm’s Technology practice and executed more than 20 transactions worth over $2 billion. He has closed several seminal industry transactions, including the growth financing of Airbrake, the sale of Movere to Microsoft, and the acquisitions of Papertrail, Scout and Travis CI.
“Matt is an outstanding banker with a deep knowledge of his industry sub-verticals,” noted fellow Managing Director, Christian Schiller. “Importantly, Matt exemplifies Cascadia’s core values in his long-term and client-centric approach, assisting companies to optimize their exit, often working with them over years to add value and optimally position them to achieve their goals.”
“At Cascadia, we have worked very hard to build a culture to develop and promote our bankers and team members,” added Butler. “We have a deep bench of talented individuals throughout the organization and Scott and Matt personify our client-focused philosophy. Their promotions demonstrate our long-term commitment to cultivating our people as we expand our business for the benefit of our clients and business partners.”