Recognition reflects Banner’s continued commitment to partnering with founder-led and family-owned businesses in the lower middle market

SALT LAKE CITY, Oct. 27, 2026 /PRNewswire/ — Banner Capital today announced that it has been named to Inc.’s 2026 Founder-Friendly Investor List, marking the third consecutive year the firm has been recognized for its work with founder-led and family-owned businesses.

To compile the list, Inc. went directly to the source by speaking with entrepreneurs who have received investment from private equity firms. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their companies have grown as a result.

“Being named to this list three years running means the most because it comes from the founders themselves,” said Tanner Ainge, Founder & CEO of Banner. “The trust every founder places in us with the next chapter of their business is a responsibility we take seriously. We’re grateful for those relationships, and this recognition belongs to the entrepreneurs and management teams we get to build alongside.”

Since inception, Banner has prioritized first institutional capital situations and has structured transactions to preserve founder ownership and continuity of culture. Banner typically partners with companies generating $4M to $15M in EBITDA and seeks to invest $15M to $50M per transaction. Since the 2025 award, Banner has added several more partnerships within commercial and essential services, including roofing, asphalt maintenance, facility services, graphics solutions, and contract design, manufacturing and assembly services.

About Banner Capital

Banner Capital is a lower middle market private equity firm focused on partnering with founder-led and family-owned businesses in the Western United States. We invest in commercial and essential services companies that form the backbone of the U.S. economy, typically with $4M – $15M in EBITDA. The Firm operates from offices in Utah and Arizona, manages $611M in assets as of 06/30/2026, and takes a founder-friendly, collaborative approach to supporting growth, recapitalizations, and ownership transitions. For more information, visit www.bannercap.com.

About Inc.

Inc. is a leading business media brand that has chronicled the fastest-growing private companies in the United States for more than 40 years. Each year, Inc. releases the Founder-Friendly Investors list, highlighting private equity firms that support and foster the growth of founder-led companies. This list celebrates firms that have a track record of helping businesses scale while maintaining the founders’ vision.

For more information about Inc. and the Founder Friendly list, visit https://www.inc.com/founder-friendly-investors/2026

The List of Founder-Friendly Investors was compiled by Inc. and was based on references supplied by Banner. It is unclear how many firms were considered for this recognition. Banner paid a $1,495 application fee but did not provide any additional compensation to be included on the list. Inc. is not associated with Banner and has no investment in any of the firm’s sponsored vehicles. Other rankings or surveys may not come to the same conclusion.

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SOURCE Banner Capital Management