Cascadia acquires Threadstone Capital

Acquisition bolsters consumer & retail coverage capabilities and expands east coast presence
BusinessWireJanuary 16, 20244 min

Cascadia Capital, LLC, one of the nation’s most active independent middle-market investment banks, 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.

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