
Press Releases, Articles & Announcements 2022 Year in Review February 10, 2023 by Scott Morrison Banyan Capital Partners, a leading Canadian middle-market private equity firm, is pleased to announce the following updates from 2022 which marked another successful year for the firm. New Hires and Promotions Scott Morrison has been promoted to Vice President, Business Development Chris Luongo has been promoted to Associate Marat Altinbaev joined in April 2022 as Vice President Michael Tan joined in August 2022 as Senior Analyst Banyan’s success depends on its ability to attract, develop, and retain high-quality talent. Learn more about our team. Portfolio Spotlight Innovative Surface Solutions In Banyan’s first year of ownership, three new executives were hired: • Mike Betts joined as VP Sales & Marketing • Jason Bagley joined as COO • Anand Khanzode joined as CFO Rack Attack Rack Attack added 14 new locations in Canada and the U.S. during the year, bringing the total store count to 38 across North America. The Company’s expansion efforts are set to continue in 2023 with the opening of additional stores throughout the year. Purity Life Purity Life opened a new 40,000 square foot facility in Laval, QC, expanding its distribution network to over 150,000 square feet across Canada. Newcrete Newcrete completed the acquisition of R&L Contracting, a concrete forming business in St. John’s, Newfoundland. MIP MIP Inc. announced the appointment of Dean Johnson to the position of President and Chief Executive Officer. Learn more about our current investment portfolio Launch of the Banyan Operating Partner Network and welcoming Jason Grouette In December 2022, Banyan partnered with Jason Grouette, a former 3M executive to target investment opportunities in the safety and industrial B2B space. Learn more about our Operating Partner Network New Investments We look forward to another successful year and are excited to explore new investments and partnerships with middle market businesses across North America. We continue to invest out of our $216 million committed capital fund targeting investments between $10 million and $50 million of equity per transaction in companies with EBITDA of at least $5 million. Do you have an opportunity in mind? Learn more about our investment criteria or reach out to us to start a conversation.

Press Releases, Articles & Announcements

2022 Year in Review

February 10, 2023 by Scott Morrison

Image of Banyan employees in boardroom meeting

Banyan Capital Partners, a leading Canadian middle-market private equity firm, is pleased to announce the following updates from 2022 which marked another successful year for the firm.

New Hires and Promotions

Scott Morrison has been promoted to Vice President, Business Development
Chris Luongo has been promoted to Associate
Marat Altinbaev joined in April 2022 as Vice President
Michael Tan joined in August 2022 as Senior Analyst

Banyan’s success depends on its ability to attract, develop, and retain high-quality talent.

Learn more about our team.

Portfolio Spotlight

Innovative Surface Solutions

In Banyan’s first year of ownership, three new executives were hired:
• Mike Betts joined as VP Sales & Marketing
• Jason Bagley joined as COO
• Anand Khanzode joined as CFO

Image of mountain bike in bike rack on top of car

Rack Attack

Rack Attack added 14 new locations in Canada and the U.S. during the year, bringing the total store count to 38 across North America.

The Company’s expansion efforts are set to continue in 2023 with the opening of additional stores throughout the year.

Purity Life

Purity Life opened a new 40,000 square foot facility in Laval, QC, expanding its distribution network to over 150,000 square feet across Canada.

Newcrete

Newcrete completed the acquisition of R&L Contracting, a concrete forming business in St. John’s, Newfoundland.

MIP

MIP Inc. announced the appointment of Dean Johnson to the position of President and Chief Executive Officer.

Learn more about our current investment portfolio

Launch of the Banyan Operating Partner Network and welcoming Jason Grouette

In December 2022, Banyan partnered with Jason Grouette, a former 3M executive to target investment opportunities in the safety and industrial B2B space.

Learn more about our Operating Partner Network

New Investments

We look forward to another successful year and are excited to explore new investments and partnerships with middle market businesses across North America. We continue to invest out of our $216 million committed capital fund targeting investments between $10 million and $50 million of equity per transaction in companies with EBITDA of at least $5 million.

Do you have an opportunity in mind?

Learn more about our investment criteria or reach out to us to start a conversation.

Navigating investments: Insights from Jeff Wigle, Managing Directo…

April 8, 2024

Jeff Wigle discusses Banyan’s 12-year partnership with Purity Life and the world of private equity on the Purity Pulse podcast.

Image of car side mirror with view of scenery behind the car.

2023 Year in Review

February 1, 2024

In 2023, we at Banyan Capital Partners continued our journey of strategic growth, investment and delivering value to our investors. New to Banyan and recent promotions Chris Luongo to Senior Associate Gordon Yee to Senior Analyst Miranda Li to Senior Analyst Dominic Mitchell has joined as Director of Finance These promotions and additions reflect our culture of […]

Banyan announces investment in Second Nature Designs

November 15, 2023

Banyan Capital Partners (“Banyan”), a leading Canadian middle-market private equity firm, is pleased to announce its acquisition of Second Nature Designs Limited (“Second Nature” or the “Company”). Second Nature marks Banyan’s second platform investment through Banyan Committed Capital LP, an evergreen investment vehicle established in December 2021. Founded in 1994, Second Nature is a manufacturer […]

For additional information on Banyan Capital Partners Ltd., please contact:

Jeff Wigle

Managing Director
& Group Head

Tel: 416.216.7076 [email protected]

Scott Morrison

Vice President, Business
Development

Tel: (416) 956-9379 [email protected]

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Banyan Capital Partners

February 10th, 2023