First Beverage Group:
First Beverage Group today announced that its investment banking division, First Beverage Financial, is merging with Seattle-based Cascadia Capital, one of the nation’s leading middle market investment banking firms. Bill Anderson, First Beverage’s Founder and CEO, plans to join Cascadia’s Board of Directors and the entire First Beverage investment banking team will join Cascadia. The transaction closed on March 5th.
“We selected Cascadia Capital because of its unwavering focus on client service, its successful track record, the deep industry expertise of the Cascadia banking team and the firm’s strong culture of integrity and respect led by CEO Michael Butler,” said Bill Anderson. “This partnership provides the ability to deepen the level of service offered to our existing client base and enables us to continue our purposeful expansion into additional beverage industry segments.
“Managing partners Townsend Ziebold and Nicole Fry, along with our Board of Directors and broad network of industry friends and advisors, have done a remarkable job sourcing and executing over 25 beverage deals in the past four years, including 18 transactions in the craft beer industry. Our team made First Beverage Financial one of the leading beverage investment banks in the country, and we very much look forward to continuing to build on that legacy together with Cascadia Capital and their strong consumer banking team.”
Michael Butler added, “This partnership is an exciting next chapter for both firms. The combination unites two highly-successful and specialized investment banking practices, accelerating our shared strategic growth initiatives and enhancing Cascadia’s coverage of the consumer landscape. Most importantly, adding a team of First Beverage’s caliber and industry focus will broaden and complement the exceptional service we deliver to the entrepreneurs and family-owned businesses we advise.”
About Cascadia Capital
Cascadia Capital is an independent investment bank providing middle-market entrepreneurs and family-owned businesses with merger and acquisition advice, capital raising and strategic advisory services. For two decades, the firm has strived to deliver the best outcomes for its clients by leveraging its extensive transaction experience, deep domain expertise and commitment to building long-term relationships. Unlike other investment banks, Cascadia is a pure advisory firm and is not conflicted by trading, lending, research or cross-selling business. For more information, visit the firm’s website at www.cascadiacapital.com.