Sell Side Advisor

Duff & Phelps Advised Banner Industries, LLC on Its Sale to MiddleGround Capital

Banner
/-/media/assets/images/transactions/2020/banner.jpeg

a portfolio company of

High Street Capital

has been acquired by

MiddleGround Capital
2020-01-20T05:00:00.0000000

Connect with us

Dave Althoff
David Althoff
Managing Director
Industrials Investment Banking
Chicago
Phone
Laura McNaughton
Laura McNaughton
Senior Advisor
Industrials Investment Banking
Chicago
Phone
Jeffrey McNamara
Jeffrey McNamara
Director
Industrials Investment Banking
Chicago
Phone

In December 2019, Banner Industries, LLC (“Banner” or the “Company”), a portfolio company of High Street Capital, was acquired by MiddleGround Capital (“MiddleGround”).

Duff & Phelps served as exclusive financial advisor to the shareholders of Banner and provided M&A advisory services in connection with the sale transaction.

About Banner Industries, LLC
Headquartered in Carol Stream, IL, Banner is a leading provider of value-added precision metal products and supply chain solutions for a diverse mix of industrial OEMs, medical device manufacturers, metal service centers and precision machine shops. The Company leverages unmatched sourcing relationships and a full suite of processing capabilities providing a one-stop-shop solution for customers. Banner has cemented market-leading positions through two distinct business segments: Banner Service Corporation for commercial and industrial customers and Banner Medical Innovations for orthopedic and medical end markets. Perkins Coie LLP and Michael Best & Friedrich LLP served as legal counsel to Banner.

About MiddleGround Capital
MiddleGround is a private investment firm with offices in New York and Kentucky, focusing on investments in business-to-business industrial and specialty distribution companies in the North American lower middle market. MiddleGround is an operations-focused group, working closely in support of management to build long-term sustainable value through the implementation of strategic and operating initiatives. Greenberg Traurig served as legal counsel to MiddleGround.


{1F8452CE-BB02-4541-A705-86D25933687E} {22071366-6F45-4C04-8261-CDFA24749510} {9BFE6389-B110-4433-9125-8B307DFA907B} {CA601B88-1E91-4803-A6A4-ECC35D220DCC} {A60877A4-2248-456C-B8DE-728B8C4124FC} {612AFC91-99B8-46FE-AEAF-8C0F5DE0126A} {170088C8-830B-4C38-BC1D-E375A677EEDC} {4C5A8982-398E-4460-A547-03A9284CDC27} {69686C52-C3A5-4F48-97D8-5546105882C4} {DE563436-603A-4189-95C9-694668C73511} {2DEEE4D2-8278-4C50-B3FF-1563BB257804} /en/transactions/m-and-a/sell-side-advisor-banner-industries-llc case study

Stay Ahead with Kroll

Corporate Finance and Restructuring

Comprehensive investment banking, corporate finance, restructuring and insolvency services to investors, asset managers, companies and lenders.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Industrials Investment Banking

Industrials expertise for middle-market M&A transactions.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Tax Services

Built upon the foundation of its renowned valuation business, Kroll's Tax Service practice follows a detailed and responsive approach to capturing value for clients.

Valuation

Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes.