High Street Capital has acquired Banner Service Corporation, a processor and distributor of metal bar products. The company is headquartered in Carol Stream, Illinois and has additional facilities in Charlotte, North Carolina and Strongsville, Ohio.
We are pleased to announce the acquisition of Banner Service Corporation (“Banner”), a leading value added processor and distributor of metal bar products. Banner serves a diverse customer base in a variety of end markets with a growing presence in the medical industry. The company is headquartered in Carol Stream, Illinois and has additional facilities in Charlotte, North Carolina and Strongsville, Ohio.
“When it came to the selection of a new investment partner, we had a lot of good choices to pick from”, said Mark Redding, President and CEO of Banner. “However after considerable evaluation, Management felt that High Street was the clear, best choice to support our strategy, growth objectives and culture. We are excited to move forward with them.”
The Banner acquisition marks the second platform investment since the April 2012 closing of High Street’s fourth fund. With our new pool of capital, we are aggressively seeking new investment opportunities in the outsourced business services, value-added distribution and manufacturing sectors. Please contact Will Oberholtzer, Joe Katcha, Rob France or Andrew Simmons for businesses with revenues between $10 million and $100 million where our capital, experience and ideas may be required.