Seacoast Capital Refinances Northwest Cascade

Seacoast Capital has recapitalized Puyallup-based Northwest Cascade. The business is best known as the owner of Honey Bucket, a portable sanitation provider in the Pacific Northwest. GHF served as exclusive financial advisor to Northwest Cascade in the transaction and introduced Seacoast Capital to the company.


Greene Holcomb Fisher (GHF) is pleased to announce its role in the growth recapitalization of Puyallup-based Northwest Cascade, Inc. by Seacoast Capital. Northwest Cascade is best known as the owner of Honey Bucket – the leading portable sanitation provider in the Pacific Northwest and one of the largest independent portable sanitation companies in the U.S. Seacoast Capital’s experience and unique partnership model will support Northwest Cascade as it continues to grow its business in new and existing markets. GHF served as exclusive financial advisor to Northwest Cascade in the transaction and introduced Seacoast Capital to the company.

Cameron Hewes, Managing Director at GHF noted, “We are thrilled to have had the opportunity to work with the Northwest Cascade team to help facilitate this growth recapitalization. Northwest Cascade has built an outstanding reputation as a leader in the industry and we are confident that the partnership with Seacoast Capital will prove to be valuable as they pursue continued organic and acquisition growth opportunities.” Mark Perry, Chairman and CEO of Northwest Cascade added, “Our entire management team is looking forward to working with Seacoast Capital as we enter a new phase in our company’s evolution. With increased construction activity in late 2012 and early 2013, this recapitalization could not have come at a better time. The team at GHF did an outstanding job helping us to find the right structure and partner to meet our needs.”

Seacoast Capital Partner, Tim Fay, asserted, “Over the last 30 years, Mark and the entire Northwest Cascade team have built an exceptional franchise in the Pacific Northwest. The company’s strong performance over the past five years relative to its peers has enabled Northwest Cascade to capture significant market share within existing end markets. We’re honored and excited to take part in the next phase of Northwest Cascade’s growth as it expands into new geographies and builds on its reputation as one of the leading portable sanitation providers in the U.S.”

About Northwest Cascade

Northwest Cascade, Inc. (“NWC”) is a diversified industrial services business that owns and operates the leading portable sanitation services company in the Northwest. Founded in 1967 as a residential civil construction company, NWC has evolved into a diverse sanitation, environmental services and construction company through organic growth as well as multiple acquisitions. Today, NWC is made up of three complementary business units: Honey Bucket, FloHawks and Northwest Cascade Construction.

About Seacoast Capital

Seacoast Capital invests mezzanine and equity capital in small, growing companies led by strong, entrepreneurial management teams. Seacoast Capital invests through three partnership affiliates licensed under the Small Business Act of 1958. With over $300 million of funds under management and over 50 investments since 1994, Seacoast Capital is among the nation’s leading mezzanine investors in its target small company industrial sectors of manufacturing, distribution, business services and industrial technologies.

About Greene Holcomb Fisher

Greene Holcomb Fisher, with offices in Minneapolis, Phoenix, Seattle and Atlanta, is an investment banking firm that specializes in mergers and acquisitions, private placements and financial advisory services for the middle market. At GHF, we blend our experience from nationally prominent investment banks, New York Stock Exchange-listed companies and leading law firms with senior-level attention and entrepreneurial ingenuity to deliver creative services to high quality companies.