Evolution Capital Partners LLC has invested in Cascade Healthcare Services LLC.
Cascade, headquartered in Colorado Springs, Colorado, provides health care training and staffing services to private, nonprofit and government entities.
Evolution is a Cleveland, Ohio-based private equity firm that invests in lower middle-market businesses. The firm's current investments include Axiom Sales Force Development LLC, Lewellyn Technology LLC and Turf Ventures LLC. For more on Evoultion, see "Small Deal Sweet Spot."
Bowside Capital, a Charleston, South Carolina-based investment firm, provided additional equity financing for the deal.
Other recent training services acquisitions include Kaplan's purchase of Dev Bootcamp, which develops training for software programmers, and MasteryConnect's $5 million deal for Soctrative, which develops electronic educational exercises for students.