What Cascadia Capital does

Cascadia Capital is a Seattle-headquartered, independent boutique investment bank founded in 2000 that provides mergers and acquisitions advisory, capital markets, strategic advisory, and financial sponsor coverage services to middle-market companies, founders, family-owned businesses, and private equity sponsors. The firm operates through four core service lines (M&A Advisory, Capital Markets, Strategic Advisory, and Financial Sponsors Group) delivered across eight industry verticals: Business Services, Consumer/Retail & E-Commerce, Food/Beverage & Agribusiness, Healthcare, Industrials, Technology, and Energy Transition & Climate Tech. Specialized practices include Restructuring & Special Situations, Equity Capital Solutions, and a Plastics/Print/Packaging sub-vertical within Industrials.

Cascadia generates revenue primarily through transaction-based advisory fees — M&A advisory fees structured as a percentage of transaction value, placement fees on debt and equity financings, and professional services fees for strategic advisory, fairness opinions, and board work. Pricing is quote-based and not publicly disclosed. The firm employs a sales-led, relationship-driven go-to-market motion in which Managing Directors and senior bankers develop long-term relationships with company founders, family-owned businesses, and PE sponsors; industry-focused coverage teams then deliver full-firm resources against each mandate. Distribution is exclusively direct (no intermediaries), augmented by proprietary thought leadership including the Cascadia Connect conference series (Food/Beverage/Agribusiness, AMIT, Services) and semi-annual industry research reports.

The firm is privately held as Cascadia Capital, LLC (Washington-domiciled) and received a strategic growth investment from Atlas Merchant Capital in November 2022 to support Managing Director expansion. Cascadia has scaled through a combination of organic vertical build-out, senior lateral hiring, and selective acquisitions — most notably the January 2024 acquisition of Threadstone Capital, which expanded the Consumer/Retail & E-commerce group and added a New York City office. The firm currently operates from seven U.S. offices (Seattle HQ, New York, Austin, Los Angeles, Menlo Park, Minneapolis, Nashville) with 101-250 employees and is led by Chairman & CEO Michael Butler.

Name

Cascadia Capital

Legal name

Cascadia Capital, LLC

Website

https://cascadiacapital.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Cascadia Capital is an independent Seattle-headquartered boutique investment bank providing M&A advisory, capital markets, and strategic advisory services to middle-market founders, family-owned businesses, and private equity sponsors across eight industry verticals, with seven U.S. offices.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315)

SIC

Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Mergers and acquisitions advisory
• Investment banking services
• Capital markets advisory
• Strategic financial advisory
• Middle-market advisory

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. M&A Advisory Services: Cascadia Capital provides specialized mergers and acquisitions advisory services to financial sponsors and middle-market entrepreneurs and family-owned businesses. Revenue is generated through transaction-based advisory fees typically structured as a percentage of transaction value.
2. Capital Markets Advisory: The firm sources flexible debt and equity financing for private equity and privately held business clients, leveraging industry banker's sub-vertical expertise for marketing, documentation and closing of financings. Revenue generated through placement fees on debt and equity financings.
3. Strategic Advisory: Provides clients with specialized analytical data and insights to facilitate strategic decision-making, including fairness opinions, board advisory, and strategic alternatives evaluations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Cascadia Capital is a boutique investment bank providing sell-side and buy-side mergers and acquisitions advisory, capital markets advisory (equity and debt), strategic advisory, and dedicated financial sponsor coverage for middle-market companies and their owners. The firm also offers restructuring and special situations advisory, with deep sub-sector expertise across technology, healthcare, consumer, industrial, energy, and financial services verticals.

Product overview

Cascadia Capital is an independent investment bank serving middle-market companies. The firm operates as a unified advisory platform offering four core services: Mergers & Acquisitions Advisory, Capital Markets (including Debt Advisory and Equity Capital Solutions), Strategic Advisory, and Financial Sponsors Group coverage. These services are delivered through seven specialized industry verticals: Business Services, Consumer/Retail & E-Commerce, Food/Beverage & Agribusiness, Healthcare, Industrials, Technology, and Energy Transition & Climate Tech. The firm also maintains specialized practices including Restructuring & Special Situations Advisory and direct coverage of plastics, print, and packaging within Industrials. The company does not offer a traditional software product; its offerings are entirely service-based advisory capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers & Acquisitions Advisory
• Capital Markets Advisory
• Strategic Advisory
• Financial Sponsors Group
• Restructuring & Special Situations Advisory

Named customers8 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Jefferies: Full-service global investment bank with significant mid-market M&A advisory franchise. Competes with Cascadia in healthcare, consumer, and tech, but at much larger scale and with balance-sheet financing capabilities Cascadia lacks.
• Piper Sandler: Diversified middle-market investment bank with M&A advisory, capital markets, and equity research. Larger and more diversified than Cascadia but competes for many of the same mid-cap consumer, healthcare, and industrial sell-side mandates.
• Stifel Financial: Diversified financial services firm with investment banking, equity research, and trading. Stifel's middle-market M&A and capital markets franchises overlap with Cascadia's verticals, particularly in industrials, healthcare, and consumer.
• Robert W. Baird: Employee-owned investment bank with strong global M&A advisory and capital markets practices. Comparable middle-market orientation, particularly in industrials, consumer, and business services, though Baird operates at greater scale with additional asset management and wealth businesses.

Direct peers

• Lincoln International: Mid-market M&A advisory and capital markets firm with comparable industry coverage and transaction size range. Lincoln is one of Cascadia's closest direct competitors; several Cascadia MDs (e.g., Everett Currier, Jeremy Mau) joined from Lincoln, underscoring the parallel positioning.
• FocalPoint Partners: Middle-market M&A advisory firm focused on closely held and family-owned businesses. Direct competitor for Cascadia's founder and family-owned business segment; several Cascadia MDs (e.g., Thomas Mills, Michael Del Pero, Muizz Kheraj) joined from FocalPoint, highlighting the parallel positioning.
• Harris Williams: Large boutique investment bank focused exclusively on middle-market M&A with industry-group structure (Consumer, Healthcare, Industrials, etc.) that closely mirrors Cascadia's vertical model. Both firms compete head-to-head for sponsor-led sell-side and buy-side mandates in the U.S. middle market.
• Greenhill & Co. Boutique M&A advisory firm historically focused on middle-market and large-cap transactions. Competes with Cascadia on restructuring and selected M&A mandates, though Greenhill has been more focused on the larger end of the mid-market.
• Moelis & Company: Global independent investment bank with strong M&A advisory and restructuring practices. Overlaps with Cascadia in middle-market M&A and capital markets advisory, though Moelis operates at a larger scale and broader geography.
• William Blair: Mid-market-focused investment bank offering M&A advisory, capital markets, and equity research with similar industry specialization. Comparable boutique scale with broader product set; a key competitor for Cascadia in healthcare, tech, and industrials sell-side mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cascadia-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cascadia Capital