Sterling Investment Partners Invests in Banner Industries, the Leading Distributor to the Semiconductor Market
Summary
Terms of the transaction were not disclosed.Founded in 1985, Banner is the leading distributor of specialty engineered high purity and industrial flow components, equipment and services into the semiconductor market, with exposure to numerous other markets, including life sciences and food and beverage. Over the years, the Company has built an international platform with 15 locations, covering the U.S., Singapore, Malaysia and Europe. Sterling clearly shares our vision and they are commied to providing resources needed to take Banner Industries to the next level. ""We first met the Banner team over 18 months ago and have been very impressed with the Companys visionary leadership, comprehensive product lines, industry expertise and strong customer relationships" said Bill Macey, Managing Partner and Co-Founder of Sterling. Michael Barr, Senior Partner of Sterling added, "We believe Banner is particularly well-positioned to benefit from the unprecedented, projected growth in U.S. semiconductor manufacturing.