Cascadia Capital LLC, a middle-market investment bank, has acquired Threadstone Capital, an advisor to consumer, retail and beauty brands.

Threadstone has closed over $5 billion in cumulative transaction value for clients. This addition expands Cascadia’s verticals including apparel, accessories, footwear, beauty, personal care, pet and home design, and marks the firm’s growth with the addition of a new office in New York City.

“We have been looking to grow our Consumer & Retail practice and open a New York office, and with this transaction we accomplish both objectives,” states Michael Butler, chairman and CEO of Cascadia.