LEHI, Utah, August 1, 2022 /PRNewswire/ — Banner Ventures, a private equity firm focused on partnering with founder-led businesses and family businesses, announced another key addition to the team as Banner’s pipeline and portfolio grows. are developing rapidly.
Since 2020 (and including agreements to be announced later this month), Banner executives have partnered with the Founders by deploying more than $130 million in development capital and transmission capital. This portfolio includes investments 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 $150 million IPO in September 2021.
Today, Banner announced that Cooper Ainge joined the firm as Vice President. Prior to joining Banner, Mr. Ainge worked in technology investment banking with William Blair in New York City and Boston then worked as an investment professional with BostonBV 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’s critical that we continue to hire the very best. We couldn’t be more excited to have Cooper join our team. His experience at BV in providing growth capital buyout is the perfect fit for our investment focus at Banner and will be a great complement to our existing deal team,” said Tyler AwardDirector at Banner Ventures.
“We are excited about the expansion of our team and the trajectory of our firm,” said 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 may face together.”
About Banner Ventures
Banner Ventures is a private equity and venture capital firm focused on providing partnership capital to family-owned and founder-led businesses in United States. Based at Salt Lake City, UTBanner also maintains a strong presence in the markets with a concentration of its investment team, portfolio companies or limited partners, including Phoenix, Arizona, Las Vegas, Nevada, Southern California, Boise, I.D., Dallas, TX, Chicago, IL and Boston, Massachusetts.
SOURCE Banner Ventures