Cascade Partners is pleased to announce that Great Lakes Tape (GLT) has partnered with Green Light Growth Partners (GLGP) to support the company’s next stage of growth.
The Goal
GLT, a leading solutions-based provider specializing in automotive and industrial adhesive applications, including tapes, industrial films, foam products, NVH solutions, wire harness coverings, and more, had been evaluating the company’s future direction and exploring strategic growth options. Leadership was eager to expand and build on past success, but the complexity, capital requirements, and operational challenges of scaling created the opportune time to explore a partnership with an experienced partner that could assist in achieving those objectives in an expedited timeframe. To navigate these considerations, GLT engaged Cascade Partners to assess potential strategic options and provide education on the implications and long-term impact of each option. Cascade then launched a broad, highly competitive process that generated robust interest despite the uncertainty caused by the new “Liberation Day” tariff implementation.
The Cascade Advantage
The Cascade team’s proven track record of not only being experienced advisors, but also having significant experience as sellers, buyers, and arranging complex financings allowed them to leverage their expertise of having “sat on both sides of the table,” to navigate the uncertain and volatile environment from the macro backdrop. Cascade conducted a highly competitive and robust process, generating significant interest from prospective partners. The process was structured into deliberate phases to accelerate diligence and negotiation of the purchase agreement. Momentum was sustained by keeping alternative options engaged and maintaining competitive pressure throughout the process. This disciplined approach ensured GLT achieved both speed and strength in the outcome.
The Result
The transaction culminated in a successful recapitalization with Green Light Growth Partners, providing GLT with the resources, relationships, and expertise to fuel its next phase of growth. GLT’s leadership expressed strong satisfaction with the result, emphasizing that the transaction preserved valuation and secured an ideal partner at a time when many automotive-related deals were being delayed or restructured.
Cascade Partners served as the exclusive financial advisor to Great Lakes Tape.