MiddleGround Capital Acquires Banner Service Corporation (Banner Industries)

Banner Capital Management Acquires SBR Technologies dba Vision Graphics

July 8, 2024

Manufacturing

Banner Capital Management, a private equity firm based in Lehi, Utah, acquired SBR Technologies dba Vision Graphics (Salt Lake City) in a transaction that closed July 8, 2024. Banner will recapitalize and provide growth capital to support Vision Graphics' expansion beyond Utah and Nevada into additional Western U.S. markets.

MiddleGround Capital Acquires A.M. Castle & Co. and Combines It with Banner Industries

June 15, 2023

Industrial Services

MiddleGround Capital has acquired A.M. Castle & Co. (Castle Metals) and, via a $440 million continuation vehicle (MiddleGround Carbon CV, L.P.), combined Castle with its Banner Industries platform to create a larger specialty metals distribution and processing platform. The transaction brings Castle's global metals processing and distribution footprint together with Banner's precision bar and medical metals capabilities to expand capabilities, geographic reach and end-market exposure in aerospace, industrial and medical sectors.

MiddleGround Capital / Banner Industries Acquire National Kwikmetal Services

November 15, 2021

Industrial Services

MiddleGround Capital has acquired National Kwikmetal Services (NKS) through its portfolio company Banner Industries as the Banner platform's third add-on since MiddleGround's 2019 acquisition of Banner. NKS is a specialty metal services provider serving small-to-medium customers across automotive, aerospace & defense, power generation, medical and construction end markets; the deal expands Banner's geographic reach, product capabilities and end-market diversification.

MiddleGround Capital Acquires Supra Alloys and EDGE International (Add-ons to Banner Industries)

June 2, 2020

Industrial Services

MiddleGround Capital completed the acquisition of Supra Alloys and EDGE International from Titan Metal Fabricators and will combine both businesses with Banner Industries, a MiddleGround portfolio company. The purchases expand Banner’s scale, product capabilities and geographic reach in medical and aerospace end markets through complementary value‑added metal distribution and processing capabilities.

Tailwind Capital Acquires Banner Solutions from High Road Capital Partners

November 14, 2019

Logistics & Distribution

Tailwind Capital has acquired Banner Solutions from High Road Capital Partners; the sale closed on October 31, 2019. Banner Solutions, a Kansas City, Missouri-based wholesale distributor of door hardware, electronic access control and security products, was owned by High Road since 2017 and grew through multiple add-ons under its ownership.

Banner Solutions (High Road Capital Portfolio) Acquires Specialized Builder's Hardware

September 6, 2019

Building Products

Banner Solutions, a portfolio company of High Road Capital Partners, has acquired the assets of Specialized Builder's Hardware (SBH), a regional distributor headquartered in Anaheim, California. The add-on expands Banner Solutions' Southern California presence and customer base across education, government, healthcare, hospitality, and multi-family residential markets; financing was provided by Monroe Capital.