Banner Expands Investment Team as Demand for Partnership Capital GrowsMay 17, 2021
SILICON SLOPES, UTAH May 17, 2021 (PR NEWSWIRE) – Banner, a private equity firm focused on partnering with founder-led and family-owned businesses has announced key additions to the team as Banner’s pipeline and portfolio rapidly expand.
Over the past 12 months, Banner’s principals have deployed growth capital at an accelerated pace into pre-IPO companies such as Pattern, Beam and Route. Banner also focuses on mature, proven businesses which are seeking a different type of capital partner for their next phase. Due to the incredible success of baby boomer entrepreneurs, a large wave of closely-held businesses in the United States are set to lose their founders due to death or retirement in coming years. Banner partners with such owners to proactively structure this unprecedented transfer of wealth and to provide careful stewardship into the future.
“We are thrilled with the expansion of our team and the trajectory of our firm,” stated Tanner Ainge, Banner’s Managing Partner. “We are building our platform to last—to be ready to support business owners and entrepreneurs at every stage and through every challenge or economic climate we might face together.”
Tyler Price joined the firm as Vice President, bringing a deep set of experience in dealing with founder-led businesses as an investment banker with Citigroup, private equity investor with Tower Arch Capital and corporate development executive with Lucid Software. In addition to Mr. Price, Banner unveiled a network of advisors and operating executives from a variety of backgrounds including family office investors (Mike McGovern), tech entrepreneurs (Melanie Alder, Ryan Westwood & Dave Wright), experienced executives (Kent Madsen, Greg Woodward & Ronell Hugh) and NBA player Georges Niang, who joined Banner as an entrepreneur in residence.
“Athletes don’t play their sport forever,” stated Niang. “But guys like David Robinson, Jamal Mashburn Larry Fitzgerald and Steve Young—have been able to break into the investment community and have more financial success in business than they ever did on the court or the field. For myself, and for other guys in the league, I think it is important to develop a skillset and a platform for post-NBA life. I’m going to help build that at Banner.”
“We are just getting started,” stated Tanner Ainge. “With our expanded team and legacy partners, Banner is positioned to become one of the most active investors in the growth and buyout categories, especially for founder-led and family-owned businesses.”
Banner is a private equity & venture capital firm with offices in Lehi, Utah and Boston, Massachusetts.Back to news