Cherry Tree Advises Cascade Healthcare Services in its Acquisition by Seaside Equity

Seaside Has Partnered with Cascade Healthcare Services

Buy-and-build strategy in the healthcare and workplace safety certification market

SAN DIEGO, CA – Seaside Equity Partners, LLC (“Seaside Equity”) is pleased to announce it has partnered with Cascade Healthcare Services, LLC, (“Cascade” or the “Company”) a leading technology-enabled provider of continuing education and training services to healthcare professionals throughout the Pacific Northwest and California. Founded by Paul Regalia in 2002, Cascade provides required certification training services to over 70,000 professionals annually. Cascade represents the third platform investment in Seaside Equity’s inaugural fund, which closed in February 2021.

“The Cascade team has built an excellent business serving the annual education and certification needs of healthcare organizations and professionals. We are looking forward to making strides in driving customer satisfaction through continual investment in Cascade’s offerings and acquiring complementary service and content providers throughout the United States,” said Andrew Thompson, Managing Director of Seaside Equity.

Paul Regalia, President and founder of Cascade Healthcare Services, said, “The Seaside Equity team shares in our passion for saving lives through world class training. We are thrilled to be partnering with Seaside as we look toward the next chapter of growth for Cascade, while delivering best of breed training solutions to our customers and instructors in a safe and supportive way. The pandemic has given us the opportunity to better understand our importance in the communities that we serve, and we know that our collaboration with Seaside will enable us to be an even more robust solution and partner to our clients.”

“Cascade has spent several years refining its delivery methods and technology platform while consistently keeping their end customers at the top of mind. We look forward to building out ancillary content areas and accelerating investments in technology to allow the Company to continue innovating and scaling for long-term success,” said Hiral Pithadia, Principal at Seaside Equity.

Cherry Tree & Associates served as financial advisor to Cascade.

About Cascade Healthcare Services:

Cascade is a leading provider of continuing education and training services to healthcare professionals throughout the Western U.S. The Company partners with leading medical research organizations, including the American Heart Association, Emergency Nurses Association, American Red Cross and American Academy of Pediatrics to provide best-in-class instruction to tens of thousands of students annually. Cascade maintains its leading market position through deep, long-term relationships with hospital systems and public sector enterprises in the Pacific Northwest and California. Cascade is based in Seattle, WA.

For additional information on Cascade, see https://www.cascadetraining.com.  

About Seaside Equity Partners:

Seaside Equity Partners is a growth-oriented and operationally focused private equity firm based in San Diego, CA. The firm seeks to provide capital, resources and strategic support to leading mission critical services businesses that are headquartered in the Western United States. Seaside is currently investing out of Fund I, a $160 million investment vehicle that closed in February 2021, which focuses on partnering with founder, family, and entrepreneur-owned businesses.

For additional information on Seaside Equity Partners, see http://www.seasideequity.com.

SOURCE: Seaside Equity Partners

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.