GLC Advisors & Co., LLC is pleased to announce Eastern Colorado Bank’s (“ECB”) acquisition of a majority interest in Cascade Investment Group, Inc. (“Cascade”), a Registered Investment Advisor and Independent Broker Dealer.
GLC Advisors & Co., LLC acted as the sole financial advisor to Eastern Colorado Bank in its acquisition.
Cascade is a Registered Investment Advisor and Independent Broker Dealer. The company is headquartered in Colorado Springs, CO with over $286 million in assets under management at the time of closing. Cascade is a financial services firm with a focus on wealth management and financial planning services to individuals, pensions, trusts and estates, charitable organizations, and businesses mainly in Colorado and other western states.
Cascade was co-founded in 1996 in Colorado Springs and is led by Kenneth Beach, President and Managing Partner of Cascade, who heads a team of eight investment professionals and staff. "In the past several years, Cascade Investment Group has been approached with offers to acquire our firm. In those instances, we turned down the offers because there was not a cultural and business model fit. With Eastern Colorado Bank, we have found a partner that places a premium on client relationships. In addition, ECB shares our values and vision of what a first-tier financial institution should look like and behave like. On behalf of all of the employees of Cascade Investment Group, we look forward to a long and mutually satisfying relationship."
ECB is an independent, family-owned community bank headquartered in Cheyenne Wells, CO serving individuals and businesses through 6 locations across Colorado and western Kansas. The bank operates with over $450 million in total assets and is a unit of Weed Investment Group Inc.
The acquisition adds to ECB's growing, robust financial services platform by now offering clients access to premier advisory services including wealth management, financial planning, retirement planning, insurance needs and other asset management services.
ECB is a family owned bank and led by Greg Weed, Chairman and CEO, "Our partnership with Cascade Investment Group, Inc. allows us to offer a full menu of financial services to our customers. Our customers can have the peace of mind that they have access to investment professionals that have their best interest in mind. This was a perfect fit for our customers and everyone at ECB."
About Eastern Colorado Bank
The Eastern Colorado Bank is a leading financial institution in terms of quality service, sustainable growth and the credibility and trust of clients, regulators and employees. Since ECB’s start in 1944, its dedicated staff has focused on business professionals, small businesses, and agricultural producers in both rural and urban markets in Colorado and western Kansas. ECB strives to consistently exceed client's expectations. ECB offers a family friendly environment in which to work, while maintaining and encouraging the highest levels of professionalism. For more information on Eastern Colorado Bank, visit www.yourfriendlybank.com.
About Cascade Investment Group, Inc.
Cascade Investment Group, Inc. is a group of experienced investment professionals, who have established an investment firm that aligns the interests of the client and investment managers. Cascade offers a wide variety of investment management services and programs as well as provides consulting and financial planning services through a variety of programs to individuals, businesses and organizations under the platform. For more information on Cascade, visit www.ciginc.net.
GLC Transaction Team
Adam C. Fiedor / Managing Director / Adam.Fiedor@glca.com / 303.479.3845
Michael D. Richter / Managing Director / Michael.Richter@glca.com / 303.479.3844
Mike P. Fleschner / Vice President / Michael.Fleschner@glca.com / 303.479.3846
Bradley J. Hale / Analyst / Bradley.Hale@glca.com / 303.479.3851
1125 17th Street, 23rd Floor / Denver, Colorado 80202 / www.glca.com
GLC Advisors & CO.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver.
GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.