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Banyan Capital Partners – COVID-19 Update

March 19, 2020

As the COVID-19 situation continues to evolve, we are working closely with Connor, Clark & Lunn Financial Group’s management and business continuity teams to carefully monitor the ongoing developments. As we move forward during this unprecedented time, I wanted to update you on our business.

Our priority is the health and well-being of our employees both at Banyan and within our portfolio companies, while ensuring we are able to continue to maintain business operations and provide leadership, guidance and oversight to our businesses. For this reason, we have made the decision that all Banyan employees will work from home until further notice.

From the onset of the outbreak, we have implemented policies and preventative measures including restricting business travel, health awareness campaigns and encouraging the use of video and teleconference for interactions. Additionally, we proactively reviewed and successfully tested our business continuity plan with staff working from home to ensure no disruption to our services. We continue to be contactable, though the ways we interact with you may change.

We are fortunate that our portfolio businesses are well capitalized, have strong leadership teams and are prepared to manage through the volatility of the months ahead. Banyan continues to have a significant amount of capital to deploy and remains open to new investment opportunities. We continue to believe in the long term prospects of the economy both within Canada and abroad. We will overcome the near-term challenges of COVID-19!

As the situation evolves, we will continue to carefully monitor the ongoing developments related to COVID-19. We will provide you with further updates, as appropriate. We would like to take this opportunity to thank you for your continued support. Should you have any questions or concerns, please do not hesitate to email, call or text me.

We hope you remain safe and well.

Best regards,

Jeff Wigle
Managing Director
Banyan Capital Partners
(416) 564-0737
[email protected]