Banyan Capital Partners (Banyan), a Canadian middle market private equity firm, has invested in Innovative Surface Solutions (Innovative), a distributor of liquid surface solutions in North America.
Innovative marks the inaugural investment through Banyan Committed Capital LP, an evergreen investment vehicle that has recently closed its first USD216 million tranche of commitments.
Banyan is partnering with the Company’s CEO and existing majority owner, Greg Baun, who has served in this role since 1994, to help facilitate Innovative’s next phase of growth. Greg will remain in the role of CEO post-close and retain a significant ownership stake in the Company.
