Banyan Capital Partners

Banyan Capital Partners is a private equity firm based in Toronto, Canada, with an additional office in Vancouver. Founded in 1998, the firm specializes in investing in later-stage middle-market companies across various sectors, including manufacturing, distribution, health care, consumer products, construction materials, and specialty retail. Banyan Capital Partners focuses on buyouts, growth capital, recapitalizations, and industry consolidation, targeting privately held companies that seek to accelerate growth or facilitate ownership changes. The firm also engages in special situations, such as balance sheet restructuring and management transitions. With a long-term investment approach, Banyan typically invests between CAD10 million and CAD50 million per transaction and prefers both majority and minority stakes in its portfolio companies. It primarily targets established mid-sized companies in North America, particularly in Canada and the United States, while maintaining an industry-agnostic stance, excluding certain sectors like real estate and high technology risk. As an affiliate of Connor, Clark & Lunn Financial Group Ltd., Banyan Capital Partners has the capability to collaborate with co-investment groups for larger investments.

Marat Altinbaev

Vice President

David Beaumont

Vice President

Simon Gélinas

Managing Director

Chris Luongo

Senior Associate

Matthew Segal

Managing Director

Igor Verechaka

Senior Associate

33 past transactions

Second Nature Designs

Acquisition in 2023
Second Nature Designs is a manufacturers and growers of dried florals and natural home decor products.

Innovative

Private Equity Round in 2022
Innovative distributes liquid salts, primarily magnesium chloride and calcium chloride mixed with additives for de-icing, dust control, and various industrial applications. The Company services a diverse customer base including largely treated salt partners, commercial customers, water treatment clients, and government agencies including regional municipalities, townships, and counties.

Innovative Surface Solutions

Private Equity Round in 2022
Innovative Surface Solutions specializes in chemical-based solutions for various applications, including road maintenance, agriculture, and industrial needs. The company distributes liquid surface chemicals primarily to treated salt partners, water treatment clients, and government agencies. Their product offerings include liquid deicers, packaged ice melters, dust control agents, and agricultural chemicals. By providing these solutions, Innovative Surface Solutions aims to enhance customer outcomes and deliver greater value to the communities they serve.

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.

Rack Attack Products

Acquisition in 2017
Rack Attack is a retailer based in Vancouver, British Columbia, specializing in vehicle racks and related accessories for outdoor activities. The company offers a comprehensive range of products, including bike, car, ski, and water-sport racks, as well as cargo boxes and hitches. Customers can purchase these items through retail locations and the company's website. In addition to selling high-quality vehicle racks, Rack Attack provides installation services and maintenance resources to ensure long-term reliability. With over 25 years of experience, the company has established itself as a trusted resource for adventurers of all levels across North America, focusing on enhancing vehicle capabilities for various outdoor pursuits. The knowledgeable team assists customers in selecting the right equipment tailored to their specific needs, promoting a seamless journey from purchase to adventure.

Winking Art Pte.

Series C in 2017
Winking Art Pte. is a game development and art outsourcing company that specializes in providing a range of creative services in the Greater China region and internationally. Founded in 2000, the company offers 2D and 3D artwork, pixel art, concept design, and character and environment development, along with animation production services, including motion capture and retargeting. Winking Art Pte. also develops and publishes role-playing and virtual reality games for various gaming platforms, such as PlayStation and Nintendo Switch. Headquartered in Shanghai, China, the company maintains regional offices in Taipei and Nanjing, with additional locations in Europe, Japan, and the United States, reflecting its commitment to serving a global clientele.

Geek+

Series A in 2016
Geek+ specializes in the development of autonomous mobile robots aimed at enhancing warehouse, factory, and supply chain management. The company leverages advanced robotics and artificial intelligence to create customized solutions across various sectors, including e-commerce, retail, logistics, pharmaceuticals, and manufacturing. By providing reliable products and comprehensive after-sales services, Geek+ assists major brands in optimizing their logistics operations. It has emerged as a leading provider of logistics robots in China, serving a diverse clientele that includes e-commerce platforms, third-party logistics providers, and manufacturers in sectors such as apparel, pharmaceuticals, and electronics. Additionally, Geek+ has formed strategic partnerships with key customers to collaboratively develop tailored AI and robotic solutions, addressing the specific needs of different industries.

PDD Holdings

Series A in 2015
PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses.

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.

Diandao

Series A in 2015
Diandao is an on-demand service that provides mobile application users in China with access to qualified massage therapists. Currently operating in Beijing and Shanghai, the platform allows users to book appointments and receive massage services at their doorstep, offering a convenient and hassle-free experience. The company's focus on these two major cities underscores the challenges of expanding similar services nationwide.

Genshuixue

Series A in 2015
Genshuixue is an online education platform based in Beijing, China, that enables users to search for a wide range of courses in various fields and subjects. Founded in 2014, the platform caters to both local and online learning opportunities, making education accessible to a broader audience. As a subsidiary of GSX Techedu Inc., Genshuixue focuses on providing comprehensive course options to meet the diverse educational needs of its users.

700Bike

Series A in 2015
700Bike Inc. is an online platform based in Beijing, China, dedicated to promoting cycling culture and lifestyle. Founded in 2012, the company aims to blend fashion and trend with cycling, encouraging a modern approach to exercise and transportation. It serves as a community hub for cycling enthusiasts, fostering a deeper appreciation of bicycle culture through various events and media initiatives. Over its early years, 700Bike established itself as a pioneer in the cycling media sector, hosting influential events that attracted nearly 10,000 participants. In addition to its cultural initiatives, 700Bike also designs and manufactures a range of innovative bicycles that cater to the growing consumer demand for stylish and practical cycling options.

BeiBei

Series C in 2015
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

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.

Moov

Series A in 2014
Moov Inc. develops wearable fitness solutions that enhance workout quality through advanced technology. The company offers a device that combines fitness tracking with real-time audio coaching, aiding users in monitoring their physical activity across various sports such as running, cycling, cardio boxing, and swimming. This wearable device features advanced motion sensors that analyze users' form and syncs with a smartphone application to provide immediate feedback and coaching instructions via headphones. Moov leverages insights from sport science research to cater to both professionals and beginners, ensuring that users can maximize their training efficiency and results. Founded in 2014, Moov is headquartered in Mountain View, California.

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.

BeiBei

Series B in 2014
BeiBei Group, founded in 2011 and based in Hangzhou, China, operates a comprehensive e-commerce platform that specializes in women and children's apparel, accessories, household goods, diapers, and toys. The company is dedicated to providing a wide variety of products at competitive prices, catering to the needs of families. With a focus on convenience, BeiBei offers free delivery services, allowing customers to receive their purchases at specified times and locations. The founding team comprises former members of Alibaba, and the company has attracted significant venture capital investment from various notable firms. BeiBei aims to establish itself as a leading technology retail platform in the global market.

Newcrete

Acquisition in 2014
Newcrete is a manufacturer and supplier of ready-mix concrete and masonry products, serving residential, commercial, and industrial clients in Newfoundland and Labrador. The company specializes in providing high-strength, heavy-weight concretes suitable for applications such as bridges, overpasses, and wharves. Newcrete operates a fully automated block production facility, which allows for the efficient production of commercial mixes tailored to meet specific client requirements while maintaining competitive pricing. The company is committed to delivering high-quality and reliable concrete services in the region.

Dyad.com

Seed Round in 2014
Dyad is a digital platform based in Shanghai, China, that assists high school students in studying abroad at universities. Founded in 2012, the company offers a range of services aimed at navigating the university application process. These services include mentorship in university applications, time management skills development, effective study techniques, extracurricular planning, and internship application support. Additionally, Dyad provides guidance on creating target school lists, managing application timelines, and preparing personal statements and CVs. The platform also facilitates interview preparation and offers structured feedback, scholarship support, and assistance in comparing university acceptances. Through its mentorship model, Dyad has helped students secure over $27 million in scholarships to prestigious institutions, utilizing a comprehensive online library of resources and tools for face-to-face interaction.

MIP

Acquisition in 2013
MIP UK Ltd is a manufacturer and distributor of reusable healthcare textiles and related products, serving the UK healthcare community. The company specializes in providing a wide range of textile solutions, including patient and staff apparel, clothing protectors, bedding, mattresses, pillow protectors, towels, underpads, carts, bags, and repositioning devices. MIP focuses on delivering products that ensure excellent quality while maintaining the lowest cost per use, thereby establishing itself as a market leader in cost-effective healthcare textile solutions. The company's commitment to high service levels aligns with its goal of meeting the specific needs of its customers in the healthcare sector.

Oakcreek Golf

Private Equity Round in 2013
Oakcreek Golf and Turf Inc. is a leading distributor of commercial turf care equipment, golf carts, and irrigation systems, serving clients in Western Canada and the Southwestern United States. The company provides a comprehensive range of high-quality products, including Toro Commercial Turf Care Equipment, Toro Golf Irrigation Equipment, and Yamaha Golf Cars. Oakcreek caters to various customers, including golf courses, municipal parks, independent landscapers, and private individuals. In addition to distribution, the company offers professional service and support, helping clients minimize operating costs and downtime while enhancing their trade-in values.

Purity Life Health Products

Acquisition in 2012
Purity Life Health Products LP is a prominent distributor of natural health products based in Acton, Canada. Founded in 1984, the company specializes in a diverse range of offerings, including dietary supplements, vitamins, natural body care items, organic superfoods, homeopathic medicines, and environmentally friendly household goods. Purity Life serves a variety of retail outlets, such as health food stores, pharmacies, and practitioners across Canada, and also provides its products online. The company's mission is to make natural healthy living accessible and easy for everyone, thereby promoting wellness and sustainability within the community.

Bevo Agro

Post in 2009
Bevo Agro Inc. is a prominent supplier of propagated plants in North America, specializing in the cultivation of a diverse array of vegetable and ornamental plants. The company's product offerings include seedlings for tomatoes, peppers, cucumbers, and various field crops such as lettuce and broccoli, as well as bedding plants and flowers like geraniums and petunias. Bevo Agro serves greenhouses, nurseries, and retail outlets, ensuring that their plants are healthy, vigorous, and free from pests and diseases. The company operates extensive greenhouse facilities, covering 53 acres in Milner and an additional 20 acres in Pitt Meadows, British Columbia. Established in 1985 and headquartered in Langley, Canada, Bevo Agro has established itself as a key player in the plant propagation industry by providing high-quality seedlings nurtured in controlled environments to meet the needs of growers across the continent.

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.

Shanahan's Limited Partnership

Debt Financing in 2007
Shanahan's Limited Partnership is a manufacturer and supplier of commercial construction specialty products, primarily operating in Canada and the United States. The company provides a wide range of products, including access control and building security integration systems such as biometric readers, electric locks, and CCTV systems. Additionally, it offers various hardware items, including automatic door operators, door closers, and hollow metal doors and frames. Shanahan's also distributes washroom accessories, metal toilet partitions, and specialized doors like folding partitions and rolling shutters. The company serves diverse sectors, including institutional, commercial, industrial, and multi-family residential construction. Established in 1928 and headquartered in Surrey, Canada, Shanahan's operates through a network of dealers and maintains sales offices across several Canadian cities and in Redmond, Washington. The firm is recognized as the exclusive Canadian distributor of ABUS security products and other third-party hardware.

Corix

Acquisition in 2006
Corix is a company that specializes in sustainable infrastructure services, focusing on water, wastewater, and energy utility systems. It serves small to medium-sized communities across North America by designing, supplying, building, installing, financing, and operating essential local utility infrastructure. Corix connects communities to vital resources, helping municipal, institutional, military, and private-sector clients manage their utility needs effectively. The company emphasizes sustainability in its operations, ensuring that communities have access to reliable and efficient services for water and energy management.

Q'Max Solutions

Acquisition in 2006
Q'Max Solutions Inc. specializes in providing drilling fluids and environmental solutions for the oil and gas industry, serving both onshore and offshore operations. Founded in 1993 and headquartered in Houston, Texas, the company offers a range of products including alkalinity control agents, bactericides, corrosion inhibitors, and various other chemical solutions essential for drilling operations. In addition to its product offerings, Q'Max Solutions provides technical services, waste management, and wellbore cleanup, aimed at optimizing drilling efficiencies and performance for clients. The company operates in multiple regions, including Canada, Mexico, Ecuador, Colombia, Peru, Africa, and India, and functions as a subsidiary of Fluid Holding Corp.

Tartan Canada

Acquisition in 2006
Tartan Canada Corporation, based in Calgary, provides maintenance, turnaround, and construction services primarily to the energy and heavy industrial sectors in Western Canada. Established in 1953, the company specializes in a range of services including plant and field maintenance, shutdowns, and turnarounds, as well as heat exchanger services. Its maintenance offerings encompass personnel planning for preventive and emergency needs, piping, vessel, and rotating equipment services. Additionally, Tartan Canada provides comprehensive construction solutions, which include mechanical construction and pipeline services. The company also engages in fabrication work, such as pipe stool and structural steel fabrication, skid packages, and module assembly. Tartan Canada Corporation operates as a subsidiary of Stuart Olson Inc.

Syscon Justice Systems

Venture Round in 2006
Syscon Justice Systems Canada Ltd. specializes in providing comprehensive offender and case management software solutions tailored for correctional agencies globally. Founded in 1980 and headquartered in Richmond, Canada, the company develops a range of software products, including WorkflowJAIL, WorkflowPRISON, EliteJAILS, ElitePRISONS, EliteCOMMUNITY, and Elite Financials. These solutions support the management of incarcerated individuals, community supervision, and financial operations, as well as medical records and assessments. Syscon's offerings also include professional services such as project management, data conversion, and training. The company's client base encompasses various correctional entities, including jails, prisons, and probation services, aiming to enhance operational efficiency and public safety. Syscon Justice Systems operates additional offices in Vancouver, Toronto, Folsom, London, and Sydney, and is a subsidiary of N. Harris Computer Corporation.

Fios

Venture Round in 2005
Fios specializes in electronic discovery management services tailored for corporations, law firms, and litigation support companies. The firm offers comprehensive electronic discovery services, including evidence collection, processing, review, and production. Additionally, Fios provides litigation readiness services such as assessments, content mapping for electronically stored information, legal hold protocols, and discovery response planning. The company also assists in discovery technology requirements and information governance. Fios further enhances its offerings with project management processes and technology assessment consulting. Founded in 1999 and headquartered in Portland, Oregon, Fios has additional offices in Dallas, Texas, and New York, New York.

Party Packagers

Debt Financing in 2005
Party Packagers, Inc. is a Canadian retailer specializing in party supplies, catering to a wide range of occasions and events. The company offers an extensive selection of products, including balloons, decorations, themed partyware, toys, and loot bags. By providing essential items for celebrations, Party Packagers aims to enhance the experience of various festivities, making it a go-to source for both individual customers and event planners.

Party Packagers

Private Equity Round in 2005
Party Packagers, Inc. is a Canadian retailer specializing in party supplies, catering to a wide range of occasions and events. The company offers an extensive selection of products, including balloons, decorations, themed partyware, toys, and loot bags. By providing essential items for celebrations, Party Packagers aims to enhance the experience of various festivities, making it a go-to source for both individual customers and event planners.

DTI Dental Technologies

Acquisition in 2001
DTI Dental Technologies Inc. designs and manufactures dental prosthetics including crowns, bridges and orthodontic appliances.
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