Investment Summary

Banyan Capital Partners Invests In Rack Attack

On September 5, 2017, private equity firm Banyan Capital Partners invested in retailer Rack Attack

Investment Highlights
  • This is Banyan Capital Partners’ 1st transaction in the Retail sector.
  • This is Banyan Capital Partners’ 9th transaction in Canada.
  • This is Banyan Capital Partners’ 4th transaction in British Columbia.

Investment Summary

Date 2017-09-05
Target Rack Attack
Sector Retail
Investor(s) Banyan Capital Partners
Deal Type Stake Purchase

Target

Rack Attack

Vancouver, British Columbia, Canada
Rack Attack is a retailer of automotive and home storage rack solutions. Rack Attack was founded in 1996 and is based in Vancouver, British Columbia.

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Investor(S) 1

DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.


DEAL STATS #
Overall 13 of 15
Sector (Retail) 1 of 1
Type (Stake Purchase) 3 of 3
State (British Columbia) 4 of 4
Country (Canada) 9 of 11
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Shanahan’s

Surrey, British Columbia, Canada

Shanahan’s is a distributor, manufacturer, and installer of hardware, hollow-metal doors and construction specialty products in Canada. The Company is also the exclusive Canadian distributor of ABUS security products and other third-party hardware, industrial/wood doors, and washroom accessories through its Hardware Agencies and Serrubec brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Tartan

Calgary, Alberta, Canada

Tartan's principle services are plant and facility construction, pipeline construction, oilfield maintenance, fabrication and plant maintenance. Tartan was founded in 1953 and is based in Calgary, Alberta.

Sell $12M