LEHI,
Utah, Aug. 1, 2022 /PRNewswire/ -- Banner
Ventures, a private equity firm focused on partnering with
founder-led and family-owned businesses has announced another key
addition to the team as Banner's pipeline and portfolio rapidly
expand.
Banner Ventures, a private equity firm
focused on partnering with founder-led and family-owned companies,
makes key hire
Since 2020 (and including deals which will be announced later
this month) Banner's principals have partnered with founders by
deploying more than $130M in growth
equity and buyout capital. This portfolio includes investments in
or acquisitions of 15 companies in 12 states, with approximately
2,500 employees across the portfolio. Banner Ventures also
sponsored a SPAC, Banner Acquisition Corp. (NASDAQ: BNNR), which
completed its $150M initial public
offering in September of 2021.
Today Banner announced that Cooper
Ainge has joined the firm as a Vice President. Prior to
joining Banner, Mr. Ainge worked in technology investment banking
with William Blair in New York City and Boston and then worked as an investment
professional with Boston-based BV
Investment Partners, a leading middle market firm with a long
history of partnering with founders in the technology and business
services sectors.
"As our portfolio and pipeline continue to grow, it is critical
that we keep hiring the best. We could not be more excited about
Cooper joining our team. His experience at BV in providing both
growth and buyout capital to founders is a perfect fit for our
investment focus at Banner and will be a great complement to our
existing deal team," stated Tyler
Price, Principal at Banner Ventures.
"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."
About Banner Ventures
Banner Ventures is a private equity & venture capital firm
focused on providing partnership capital to family-owned and
founder-led businesses in the United
States. Headquartered in Salt Lake
City, Utah, Banner also maintains a strong presence in
markets with a concentration of its investment team, portfolio
companies or limited partners, including Phoenix, AZ, Las
Vegas, NV, Southern
California, Boise, ID,
Dallas, TX, Chicago, IL and Boston, MA.
www.bannerventures.com
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SOURCE Banner Ventures