Canadian private equity firm Banyan Capital Partners has hired Michael Hendrie as a vice president. Hendrie has spent the last eight years working in mid-market private equity investment analysis and execution roles, including as a senior associate at Canadian family office Holcan Investments. Other recent additions to the team include David Beaumont and Lisa Sartor, both as senior analysts. Founded in 1998, Banyan is today an affiliate of Connor, Clark & Lunn Financial Group. The firm’s seven portfolio companies include Rack Attack Products Ltd, acquired last September.
Banyan Expands its Team
TORONTO, June 21, 2018 /CNW/ – Banyan Capital Partners (Banyan), a Canadian private equity firm, announced today that it has expanded its team with the additions of Vice President, Michael Hendrie and Senior Analysts, David Beaumont and Lisa Sartor.
Over the past few months, Banyan has been steadily increasing its team’s depth by bringing David Beaumont onboard in late 2017 and Lisa Sartor in early 2018 as Senior Analysts. David comes to Banyan with experience in advising investors on potential acquisitions and Lisa has worked on mergers and acquisitions as well as in capital advisory for mid-market companies.
Completing the recent round of new hires is Michael Hendrie, who joined Banyan as a Vice President in the second quarter of 2018. Michael has spent the last eight years in the mid-market private equity space focused on analysis and execution of investment opportunities through industry evaluation, financial due diligence, and management oversight.
Jeff Wigle, Managing Director of Banyan Capital Partners, said “We are delighted to have Mike, David and Lisa join us as we continue growing Banyan and building on 20 years of success. We believe that our long-term investment horizon, well beyond that of typical private equity funds, results in a greater alignment of interests with co-owners, management teams and the other stakeholders of our businesses, and ultimately has contributed to the success of our firm.”
Since its founding in 1998, Banyan has invested in 20 companies in the North American mid-sized private and public market and currently holds interests in seven companies. Assets under management have grown to over $160 million (C$) and Banyan continues to both actively add new investments to its portfolio and further develop its current roster of companies through organic or acquisition-driven growth.
In June 2017, Banyan’s portfolio company, Oakcreek Golf &Turf acquired Simpson Norton, a distributor of commercial turf maintenance and irrigation equipment, systems and parts located in the southwestern United States. In September 2017, Banyan acquired a majority interest in Rack Attack, a premier North American retailer of vehicle rack solutions. Details of each acquisition can be found here.
About Banyan Capital Partners
Banyan Capital Partners is a Canadian based private equity firm that buys and invests in private and public middle-market companies located in North America. As a generalist firm, Banyan provides full or partial liquidity to existing owners or partners with owners wishing to grow their companies and become more successful. Banyan is part of the Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliated companies collectively manage approximately $74 billion in assets. www.banyancapitalpartners.com
For further information: Media Contacts: Banyan Capital Partners, Jeff Wigle, Managing Director, (416) 216-7076