Press Releases, Articles & Announcements
Banyan Capital Partners – Business Update
May 9, 2019
A leading Canadian mid-market private equity firm, Banyan Capital Partners represents business strength, longevity and growth. Our success is rooted in our experience, relationships, and our proven reputation for honesty, respect and integrity. To highlight recent updates to our business and team, we are pleased to share with you the following update.
Scott Morrison, Associate, Business Development
We recently welcomed Scott Morrison to our team. At Banyan, Scott is responsible for leading business development initiatives, broadening our relationships with deal flow sources, and managing the deal flow pipeline. Prior to joining Banyan, Scott worked at Avison Young where he was responsible for sourcing and closing sale and lease transactions, as well as identifying new business opportunities. Scott has a Bachelor of Commerce (Honours) from Queen’s University and is a Certified Commercial Investment Member.
Continuing its growth trajectory, in April Rack Attack added two new stores in Los Angeles, California. The Santa Monica store, formerly a successful store under the Rack Solid banner, was acquired from its original owners as part of a succession plan. The Pasadena store represents the third new greenfield Rack Attack location in the last 13 months.
In April, Newcrete acquired Dawe’s Concrete Products Ltd., a provider of aggregates and concrete servicing the General St. John’s area. This is the second acquisition for Newcrete under Banyan’s ownership.
On April 1, 2019, Banyan’s interest in GWA was successfully acquired by Drive Products Inc.
About Banyan Capital Partners
Banyan Capital Partners is a private equity firm focusing on transition and expansion investment opportunities in middle-market businesses across North America. Banyan is an affiliate of Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm that provides a broad range of distinct and independently managed investment products and services to individual and institutional investors. CC&L Financial Group and its affiliates are collectively responsible for the management of over $75 billion in assets.