SALT
LAKE CITY, July 1, 2024 /PRNewswire/ -- Banner
Capital Management, LLC ("Banner") announced that it has partnered
with SBR Technologies Inc. and Vision Graphics, LLC ("Vision
Graphics") to provide growth capital and recapitalize the company.
Vision Graphics, founded in 1966 and based in Salt Lake City, has grown to be a regional
market leader in large format commercial printing services,
including technical printing equipment and the design, production,
and installation of large-format content. With the new investment,
Vision intends to expand via acquisitions beyond its regional
footprint in Utah and Nevada into other markets throughout the
Western United States.
Banner is a private equity firm focused on
providing partnership capital to family-owned and founder-led
businesses.
CEO Guy Timothy and the existing
management team retained a meaningful ownership stake in Vision and
will continue as leaders alongside new additions to the executive
team who joined in connection with the transaction. "For nearly 60
years, we have grown to be a local leader without any institutional
capital behind us. We have always had the reputation, culture, and
capabilities for steady growth, but our partnership with Banner
will now allow us to accelerate our growth by entering new regions
and adding new capabilities" stated Mr. Timothy.
Alongside Banner and Mr. Timothy, industry-veteran Rod Larson will be joining the Board. Mr.
Larson, who was previously CEO of Spandex, one of the world's
leading suppliers of signage and graphics materials, and who
completed nearly 20 acquisitions in the industry added, "Vision has
seen tremendous growth in the Utah
and Nevada markets. I am looking
forward to helping the business double down in many of our core
service offerings, such as commercial vehicle wraps and digital
textile print and fulfillment, and advising on the M&A strategy
moving forward."
"This transaction highlights Banner's deep focus on partnering
with founders in the Intermountain West," stated Tyler Price, Managing Director of Banner.
"Vision Graphics has an incredible legacy, culture, and team that
we are now thrilled to be a part of. Over the next several years we
believe Vision is positioned to become the category leader for
large-format printing services and we are excited to provide
support in helping them achieve this vision."
"Our expansion plan is already underway," said Cooper Ainge, Vice President of Banner.
"Acquisitions, new geographies, additional investments in
production capabilities and a focused outreach to bring on new
customers are all part of the growth strategy. One key aspect of
our investment thesis is to grow into adjacent states, including
Arizona, Colorado, Idaho, Nevada, and Texas," continued Mr. Ainge, inviting
potential prospects for Vision to contact him at:
cooper@bannercap.com
ABOUT BANNER
Banner Capital Management, LLC is a private equity firm focused
on providing partnership capital to family-owned and founder-led
businesses in the Western United
States. Banner has invested over $150M to date and managed over $415M in capital as of 3/31/2024. Through its
investment partnerships, the firm seeks to have a positive impact
wherever it operates by creating opportunity, driving business
outcomes, and delivering results. Currently, portfolio companies in
which Banner has invested collectively generate over $2.2 billion in annual revenue and employ more
than 2,000 individuals.
More information can be found at www.bannercap.com
ABOUT VISION GRAPHICS
Founded in the late 1960's, Vision Graphics is a leading
Utah and Nevada graphics provider, specializing in
Sports & Events, Vehicles, POP & Indoor Displays, Outdoor
Advertising, Tradeshows & Exhibits and other large format
applications. Vision Graphics is a trusted partner, offering
design, production, and installation of large format applications
and sales and services of technical and graphic printing equipment.
Vision Graphics is headquartered in Salt
Lake City, Utah. More information can be found at
visiondoesit.com
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SOURCE Banner Capital Management