Pretium Acquires Cascade Financial Services

CrossCountry Mortgage Acquires Summit Funding

March 20, 2026

Financial Services

CrossCountry Mortgage entered into an agreement to acquire Summit Funding, a privately held mortgage banker and servicer headquartered in Sacramento, California. The companies say the combination will expand scale and geographic reach while giving Summit Funding’s loan originators more tools, technology, and growth opportunities.

Clearlake Capital Group Supports Pretium Packaging Pre-Packaged Restructuring and Capital Structure Optimization

March 3, 2026

Packaging

Pretium Packaging completed a pre-packaged restructuring transaction to optimize its capital structure in partnership with its existing lenders and equity sponsor, Clearlake. The deal reduces funded debt by more than $900 million, provides over $175 million of liquidity, and includes more than $500 million of new debt commitments plus a $50 million new equity investment from Clearlake.

Pretium Acquires BH Management Services

February 29, 2024

Real Estate

Pretium, a specialized investment firm, has agreed to acquire BH Management Services, a leading U.S. property management platform that manages approximately 114,000 homes across 370 communities. The transaction, expected to close in early Q2 2024, will make BH an operating company of Pretium while keeping BH's current leadership and headquarters in Des Moines, Iowa.

Black Mountain Software Acquires Cascade Software Systems

February 28, 2024

Software

Black Mountain Software, a Peterson Partners-backed provider of government accounting and billing software, has acquired Cascade Software Systems to expand its cost and project accounting capabilities for local governments. Cascade's COO Ayren Spinner will join Black Mountain as President of Cascade; deal terms were not disclosed.

Seaside Equity Partners Acquires Majority Stake in Cascade Healthcare Services

December 14, 2021

Healthcare Services

Seaside Equity Partners completed a majority recapitalization of Cascade Healthcare Services in December 2021, acquiring the company from majority owner Evolution Capital Partners. Cascade, headquartered in Seattle, is a technology-enabled provider of certification training and continuing education to healthcare professionals across the Western U.S.; Seaside plans to invest in the platform's technology and pursue complementary service and content acquisitions to drive growth.

Clearlake Capital Acquires Pretium Packaging from Genstar Capital

January 15, 2020

Packaging

Clearlake Capital Group, in partnership with Pretium management, has acquired Pretium Packaging from Genstar Capital. Pretium is a leading North American designer and manufacturer of rigid plastic packaging (containers, bottles, closures) headquartered in Chesterfield, Missouri, with a national footprint of 19 facilities; financial terms were not disclosed. Clearlake intends to operate Pretium as a buy-and-build platform to drive organic growth and pursue add-on acquisitions.