Banner Industries

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Investment Date:
December 2019
Exit Date:
Current
Fund:
Fund I
Sector:
Metal Processing, Metal Distribution
Headquarters:
Carol Stream, IL
Footprint:
5 Facilities across North America
Revenue:
~$100 million
End Markets:
Medical, Industrial

Banner Industries is a leading processor and distributor of metal bar products for a diverse set of industrial and medical end markets.

Banner provides supply chain solutions and a variety of value-added metal processing services, including centerless grinding, chamfering, turning, precision saw cutting, straightening, material ID and full traceability, waterjet cutting, ultrasonic testing, and CNC machining to its OEM, contract manufacturer, and precision machining customers. Product applications range across diesel fuel systems, electric motors, agriculture, and aerospace to orthopedic, spinal, and dental implants.

Add-On Criteria

  • Geography: North America; especially Northeast and West Coast
  • Size: Minimum $3M of EBITDA, positive FCF
  • End markets: medical and aerospace (high priority), industrial
  • Products/applications: ground bar, sheet/plate, wire & cable
  • Metal types: carbon steel, exotic metals / specialized metals (high priority), titanium
  • Capabilities/services: existing capabilities and complementary processes, such as heat treating, sheet/plate cutting, high-speed blank cutting, sheering, laser cutting

Banner Industries Management

Dan Stoettner

President

Brad Heath

CFO

INDEPENDENT BOARD MEMBERS

Mike Patterson

Consultant / Self Employed

Mike Patterson has extensive management experience within the pharmaceutical, medical device, and biotech industries.  His corporate career culminated in the U.S. CFO role for Smith & Nephew plc. Prior to Smith & Nephew, Mike was with DFB Pharmaceuticals, Inc. for 20 years managing a portfolio of healthcare and manufacturing companies.  Mike holds a B.B.A. in Accounting and an M.B.A from The University of Texas at Arlington.

Jim Cloar

Global President of ZimmerBiomet

Jim Cloar was named Global President of ZimmerBiomet Spine in 2019. He leads a Global business focused on Spinal Therapies. Prior to joining ZimmerBiomet, Jim was Chief Commercial Officer for Synaptive Medical. He currently serves on the board and executive committee of the Colorado Biosciences Association. Jim holds a bachelor of science in economics from Georgetown College

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