We are pleased to announce our portfolio company, Banner Service Corporation (“Banner”), has completed the acquisition of Lubbock, Texas-based P&M Supply, a premium supplier of pump shaft materials. Effective April 20, 2018, P&M will now be known as Banner P&M Supply, Inc. Combined with the capabilities of multiple Banner production facilities in Illinois, Ohio, and North Carolina, Banner now becomes North Americas largest, most diverse and regionally located producer of pump shaft quality bar materials. Please see www.banner-servicecorp.com for further information.
Roger Jeschke, former President and owner of P&M Supply said as follows: “I am so very pleased to see my many years associated with P&M lead to it becoming part of Banner, which I have long respected as a dynamic member of this industry. I am proud that the tradition of service and quality at P&M will be able to live long into the future as an independent business of Banner. I believe this is a premier outcome for the current employees of P&M. The growth plans Banner has for P&M will be an asset for the Lubbock area, which I have long been a part of.”
We are also seeking new platform investment opportunities through our recently-raised fifth fund in the areas of outsourced business services, niche manufacturing and value-added distribution. Please contact us for businesses with revenues between $10 million and $100 million where our capital, experience and ideas could drive future growth.