Banyan Capital Partners

Banyan Capital Partners is a private equity firm specializing in acquisitions, buyout, growth capital, recapitalizations, turnaround, mezzanine, PIPES, and succession transactions of middle market mature companies. The firm is active looking for investment opportunities in facilitating ownership change or recapitalize balance sheet, leveraged acquisition of orphaned corporate divisions or small-cap public companies, and micro and small-cap public companies seeking negotiated placements of preferred equity or equity-linked securities. The firm does not invest in the biotech, real estate, and mining industries. It primarily invests in mid-sized private and public companies based in Northern America, with a focus on Alberta, British Columbia, Manitoba, Saskatchewan, Washington D.C., Oregon, Western Canada and Northwestern United States. The firm typically invests between CAD7 million ($5.34 million) and CAD30 million ($22.87 million) of equity per transaction in companies with enterprise value between CAD10 million ($7.62 million) and CAD150 million ($114.36 million); revenue between CAD10 million ($7.62 million) and CAD200 million ($152.48 million); and EBITDA between CAD3 million ($2.29 million) and CAD20 million ($15.25 million). The firm also has the ability to execute placements greater than $20 million in partnership with other equity sponsors. It prefers to acquire both majority, control as well as minority stake in its portfolio companies. It prefers long term holding period for its investments, having no requirement to exit in less than ten years. It invests through its balance sheet investments. Banyan Capital Partners was founded in 1999 and is based in Toronto, Canada with additional office in Vancouver, Canada.
DB

David Beaumont

Senior Associate

SG

Simon Gélinas

MD

SM

Scott Morrison

Associate, Business Development

MS

Matthew Segal

MD

Jeff Wigle

MD

31 past transactions

Purity Life Health Products LP

Acquisition in 2012
Purity Life Health Products LP distributes natural healthy living products. It offers face creams, homeopathic medicine, dental care, organic superfoods, home cleaning, beauty nutrients, and other products. The company serves various stores, including health food, pharmacy, and practitioners in Canada. It offers products online. The company was founded in 1984 and is based in Acton, Canada. Purity Life Health Products LP is a former subsidiary of SunOpta Inc.

Party Packagers

Private Equity Round in 2005
Party Packagers, Inc. engages in the retail of party supplies, balloons, catering supplies, decorations, gifts, toys, loot bags

Geek+

Series A in 2016
Geek+ has delivered the largest numbers of logistics robots among its peers in China. The company's customers include e-commerce platforms, third-party logistics providers, express delivery companies, offline retailers and manufacturers of apparels, pharmaceuticals, automobiles and electronics products. Geek+ has also established strategic partnerships with a number of key customers to co-develop customized AI and robotic solutions across different industries and applications.

Moov Inc.

Series A in 2014
Moov Inc. develops and delivers wearable fitness solutions. The company offers Moov, a wearable device that combines fitness tracking with real-time audio coaching to track users’ physical motion. Its product is compatible with running, cycling, cardio boxing, and swimming; and transmits data to the application for analysis, and the application transmits in-the-moment feedback via headphones. The company was incorporated in 2014 and is based in Mountain View, California.

Corix Infrastructure Inc.

Acquisition in 2006
ICONIX Waterworks operates as a distributor of water, wastewater, and civil construction products. The company's products include drainage, engineered products, geosynthetics, HDPE, industrial and mining, irrigation, mechanical, metering, pumps, valves, waterworks, and metaltrace website. Additionally, the company provides services including HDPE fusion, water metering, and service and repair. It was formerly known as Corix Water Products Inc. and changed its name to ICONIX Waterworks in May 2019. ICONIX Waterworks is based in Richmond, Canada. As of January 23, 2018, ICONIX Waterworks operates as a subsidiary of Groupe Deschênes Inc.

Tartan Canada Corporation

Acquisition in 2006
Tartan Canada Corporation is a construction customer service company located in Calgary.

Party Packagers

Debt Financing in 2005
Party Packagers, Inc. engages in the retail of party supplies, balloons, catering supplies, decorations, gifts, toys, loot bags

Fios

Venture Round in 2005
Fios, provides electronic discovery management services for corporations, law firms, and litigation support companies. It offers electronic discovery services, such as evidence collection, processing, review, and production. The company also provides litigation readiness services, including litigation readiness assessment, electronically stored information content mapping, legal hold protocols, discovery response planning, FRCP 26(f) discovery conference preparation, discovery response staffing, discovery technology requirements, and information governance services. In addition, it offers project management processes, and procedures and technology services; and technology assessment consulting services. Further, Fios, Inc. operates information portals on e-discovery and compliance. The company was formerly known as Litigation Data Corporation and changed its name to Fios, in 1999. Fios was founded in 1999 and is headquartered in Portland, Oregon with additional offices in Dallas, Texas; and New York, New York.

Shequ001

Series B in 2014
Shequ001, a Chinese e-commerce site that specialises in rapid delivery. Shequ001 helps supermarket partners to deliver merchandise to consumers, getting goods to the door usually in around one hour. Instead of managing merchandise itself, Shequ001 leverages resources of local partners and assists them with an in-house delivery team. Shequ001 sources its goods from local stores, tapping into their expertise in warehousing and inventory.

Dyad.com

Seed Round in 2014
Dyad operates a digital platform that enables high school students to study abroad at universities. Its services include university application mentorship, developing time management skills, building effective study techniques, extracurricular development, internship application support, building a target school list, application timeline and deadline management, personal statement outline and review, CV outline and review, interview preparation and structured feedback, scholarship support and advice, and comparing university acceptances. Dyad was formerly known as ChaseFuture Inc. The company was founded in 2012 and is based in Shanghai, China.

Syscon Justice Systems

Venture Round in 2006
Syscon Justice Systems Canada Ltd. provides offender management solutions for correction agencies worldwide. Its products include WorkflowJAIL, an inmate management software; WorkflowPRISON, an offender management software; EliteJAILS, a jail management software and solution; ElitePRISONS, an offender and prison management software; EliteCOMMUNITY, a community corrections management solution; and Elite Financials, an inmate management system that keeps track on offenders. The company also provides professional services, such as project and program management, business analysis, data conversion, interface development, custom legal sentence calculation, training, and support services. It offers solutions for community, county, state/provincial, and national corrections services. The company was founded in 1980 and is based in Richmond, Canada. As of October 26, 2017, Syscon Justice Systems Canada Ltd. operates as a subsidiary of N. Harris Computer Corporation.

Familyone

Seed Round in 2018
Familyone is a community community platform, positioned as "good goods are not expensive", and separated from the low-cost strategy area. Select high-quality and good goods, continuously improve the efficiency of the supply chain, and achieve the ultimate cost performance.

MIP

Acquisition in 2013
MIP UK Ltd supplies textiles, textile solutions, and related products to the UK healthcare community. Our foundations are based on a commitment to provide the service levels our customers require, in conjunction with products that provide the lowest cost per use possible, whilst maintaining excellent quality standards.

BeiBei

Series C in 2015
Founded in 2011, Beibei Group has a platform such as Beibei Net, Beidian, Beibei, etc., and is committed to becoming the world's leading technology retail platform. Babe's founding team came from Alibaba and has received hundreds of millions of dollars in venture capital from IDG Capital, Gaorong Capital, Capital Today, Sequoia Capital, etc.

Diandao

Series A in 2015
Diandao, an on-demand service that brings qualified professionals to your doorstep.Diandao only has massage therapists available in Beijing and Shanghai at the moment, which highlights how tough it is to expand these kinds of services across a nation.

BeiBei

Series B in 2014
Founded in 2011, Beibei Group has a platform such as Beibei Net, Beidian, Beibei, etc., and is committed to becoming the world's leading technology retail platform. Babe's founding team came from Alibaba and has received hundreds of millions of dollars in venture capital from IDG Capital, Gaorong Capital, Capital Today, Sequoia Capital, etc.

Q'Max Solutions Inc.

Acquisition in 2006
Q'Max Solutions Inc. provides onshore and offshore drilling fluids and environmental solutions. It offers alkalinity control products, bactericides, calcium removers, corrosion inhibitors, deformers, emulsifiers, filtrate reducers, flocculants, foaming agents, lost circulation materials, lubricants, shale control inhibitors, surfactants, thinners/dispersants, viscosifiers, and weighting materials. The company also provides drilling fluid systems, technical services, and environment solutions. Q'Max Solutions Inc. was founded in 1993 and is based in Houston, Texas. The company has operations in Canada, Mexico, Ecuador, Colombia, Peru, Africa, and India. Q'Max Solutions Inc. operates as a subsidiary of Fluid Holding Corp.

Testin

Series B in 2015
Testin is the global leader in One-Stop-Application cloud testing services for applications such as web, mobile web, H5, native mobile APP, Lite APP, mobile games, VR/AR, wearable, AI, smart home, smart driving, IoT and industrial APP developers to provide the necessary one-stop testing services and quality assurance. Testin is the disruptor of the traditional software testing service mode, combine AI automated real device SaaS testing, crowdsourcing testing, full stack security testing and continuous big data analysis, succeeded not only in capturing the domestic market of China but also in sett its foot of the global arena, has now continued to serve more than 800,000 developers with their 2.3+ million APPs, branding clients including most tier 1 internet entities and McDonald’s, Nestle, Starbucks, Daimler, BMW, Philips and Kabam, etc. Testin has been certified by ISO9000, ISO27001, ISO20000, ISO17025, CMMI3 and CNAS, aims to help developers to build confidence in their applications and ensure a good user experience. Testin has secured US$84.9 million in 3 rounds of IDG, Banyan, Haiyin, and CEL. Testin has been recognized as 2015 and 2016 Deloitte High-Tech & Growth Top 50 China, Red Herring Finalist 2014 Asia 100, 2015 Global 100 and 2017 Red Herring Global 100 Winner.

Bevo Agro Inc.

Post in 2009
Bevo is the largest supplier of propagated plants in North America, providing greenhouses, field farms, nurseries, and wholesalers across the continent with healthy, vigorous, pest-and-disease-free plants.Plant propagation is a system under which seedlings are nurtured to the ideal level of development for finished growth in greenhouses. Each seedling is cultivated in a specific controlled temperature, nutrient, fertilizer, light and moisture environment to ensure the highest quality plant. Bevo’s main products are vegetable plants such as tomatoes, peppers, lettuce, and cucumbers, along with other plants such as bedding plants, flowers, trees, berries, and grasses.

700Bike

Series A in 2015
700BIKE is an Internet company to promote bicycle culture, is committed to building a lifestyle and sports aesthetics include new Internet community. With fashion, the trend of the way to guide and transfer bicycle culture, science and technology to make exercise more, so riding attributed to life. 700BIKE within two years after the start-up established by virtue of the professional authority and spread the energy industry, a pioneer in the field of media power bike vertical; and the use of its advantages in resources integration, held, including "retro riding", "Gu Chi Open, "a series of influential events, the cumulative number of participants nearly 10,000 people will be riding the cultural depth perception and conception.

Genoa

Debt Financing in 2007
Genoa, a QoL Healthcare Company is the pharmacy and telepsychiatry provider serving the behavioral health and addiction treatment community for over 15 years. Our pharmacy and telepsychiatry services impact more than 500,000 individuals annually in 43 states and the District of Columbia. Our network of more than 325 pharmacies fills over 10 million prescriptions annually. Although Genoa specializes in serving individuals with behavioral health and substance use disorders, we are a full-service pharmacy. This means we take care of all the medication needs of our consumers, including prescriptions written by psychiatrists, primary care providers, or other specialty prescribers. Genoa’s services are flexible to the many behavioral health, addiction treatment, and primary care delivery models across the country. We have developed services in pharmacy and telepsychiatry to meet the needs of those specific models. None of our service models or pharmacies are the same. We continue to seek opportunities nationwide to help behavioral health and addiction treatment organizations with their pharmacy and telepsychiatry services.

Huami

Series B in 2014
Launched in 2014, Huami is the top #1 wearable device company in the world, ahead of Apple and Fitbit, with over 50 million units sold. Huami's mission is to seamlessly connect biomechanical signals and daily activities with smart data services to promote healthy living and to make our lives easier. The product line of fashionable activity trackers and smartwatches under the Amazfit brand, including the Pace, Arc, Cor, Bip, Moonbeam and Equator, effortlessly track activity without sacrificing style. Huami is the exclusive provider of wearable technology for Xiaomi and maker of the Mi Band. Huami has raised $35 million from Sequoia Capital, Shunwei Capital Partners, Banyan Capital, Morningside Ventures and Xiaomi. The company is privately-held and headquartered in Beijing and and Mountain View, CA.

Rack Attack

Acquisition in 2017
Rack Attack is a specialty retailer focused exclusively on the sale, installation and servicing of automotive racks and hitches. With eleven store locations across North America, Rack Attack augments its physical stores with a robust online presence. Taking pride in having the most knowledgeable staff and customized solutions available, Rack Attack offers an extensive inventory while utilizing its best service and installation capabilities.

Pinduoduo

Series A in 2015
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was founded in 2015 and is headquartered in Shanghai, the People's Republic of China.

Shanahan’s Limited Partnership

Debt Financing in 2007
Shanahan’s is the distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. The Company is also the exclusive Canadian distributor of ABUS security products and other third-party hardware, industrial/wood doors, and washroom accessories through its Hardware Agencies and Serrubec brands.
Winking Group is a game development company that also provides art outsourcing services. Winking Group was founded by Johnny Jan in 2000 and is based in Taiwan, Nanjing Ertainment is a game development company that also provides art outsourcing services.

Genshuixue

Series A in 2015
Genshuixue operates an online platform that allows users to search for courses, both local and online. The company was founded in 2014 and is based in Beijing, China. Genshuixue operates as a subsidiary of GSX Techedu Inc.