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Banyan sells interest in Shanahan’s

May 30, 2017

TORONTO – May 30, 2017

Banyan Capital Partners announced today that it has sold its interest in Shanahan’s Holding Ltd. to Speyside Equity, a US domiciled private equity firm. Originally investing in the company in 2007 as part of an ownership transfer, the investment was held by the Banyan Capital Partners II LP Fund until the completion of the transaction earlier this year.

Founded in 1928, the Surrey, British Columbia-based Shanahan’s is western Canada’s largest distributor and manufacturer of construction specialty products as well as the exclusive Canadian distributor of ABUS security products and other third-party hardware through its Hardware Agencies and Serrubec brands.

About Banyan Capital Partners

Banyan Capital Partners is a Canadian based private equity firm that buys and invests in private and public middle-market companies located in North America. As a generalist firm, Banyan provides full or partial liquidity to existing owners or partners with owners wishing to grow their companies and become more successful. Banyan is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm whose affiliated companies collectively manage approximately $72 billion in assets. www.banyancapitalpartners.com

Media Contacts

Banyan Capital Partners
Jeff Wigle
Managing Director
(416) 216-7076