M&A Deal Summary

Westward Partners and LaSalle Capital Acquire Cascade Coffee

On August 4, 2020, private equity firms Westward Partners and LaSalle Capital acquired consumer products company Cascade Coffee

Acquisition Highlights
  • This is Westward Partners’ 1st and LaSalle Capital’s 3rd transaction in the Consumer Products sector.
  • This is Westward Partners’ 5th and LaSalle Capital’s 56th transaction in the United States.
  • This is Westward Partners’ 2nd and LaSalle Capital’s 2nd transaction in Washington.

M&A Deal Summary

Date 2020-08-04
Target Cascade Coffee
Sector Consumer Products
Buyer(s) Westward Partners
LaSalle Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cascadia Capital LLC (Financial)

Target

Cascade Coffee

Everett, Washington, United States
Cascade Coffee is a premier full-service outsourced coffee roaster that serves large household coffee names as well as up-and-coming coffee producers. Cascade Coffee was founded in 1995 and is based in Everett, Washington.

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Buyer(S) 2

DESCRIPTION

Westward Partners is a private equity firm focused on investing in lower middle-market companies in the Western-US and Canada. Target companies typically have revenues of $20 to $500 million and up to $25 million of EBITDA. Sectors of interest include business services, consumer products, energy services, forest products, manufacturing, packaging, and transportation/logistics. Westward Partners was formed in 2010 and is based in Seattle, Washington.


DEAL STATS #
Overall 9 of 13
Sector (Consumer Products) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Washington) 2 of 3
Country (United States) 5 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 Jmb Crushing Systems

Bonnyville, Alberta, Canada

Jmb Crushing Systems, Inc. provides aggregate mining, crushing, sales, and transportation services for oil and municipal customers in Alberta. Jmb Crushing Systems was founded in 1970 and is based in Bonnyville, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Osw Equipment & Repair

Snohomish, Washington, United States

Osw Equipment & Repair is a manufacturer of Class-8 dump truck bodies, end dumps, side dumps and trailers utilized by the construction, transportation, energy, industrial and mining industries. OSW is based in Snohomish, Washington. Osw Equipment & Repair was founded in 2000 and is based in Snohomish, Washington.

Sell $53M
Buyer

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 58 of 60
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 41 of 43
State (Washington) 2 of 2
Country (United States) 56 of 58
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States

Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Eclipse Advantage

Melbourne, Florida, United States

Eclipse Advantage is a provider of outsourced supply chain workforce solutions specializing in servicing warehouses and distribution centers. The company partners with Fortune 1000 companies and small businesses to help them improve supply chain productivity and efficiency. Eclipse Advantage provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and focuses on a wide array of end markets. Eclipse Advantage was founded in 2003 and is based in Melbourne, Flordia.

Sell -