We intend to focus on the healthcare, education and business services sectors as we search for a target business with an enterprise value between $500 million and $2 billion.

Our sponsor is controlled by an affiliate of Banner Ventures, a private investment firm. Our sponsor is led by an experienced team of managers, operators and investors who have played important roles building and growing family-owned and founder-led businesses into successful public companies.

Christopher Christensen will serve as the chairman of our board. He is the co-founder and executive chairman of The Ensign Group, Inc., a leading publicly traded operator in the skilled nursing sector. 

Tanner Ainge will serve as our CEO and as a director on our board. He is the managing partner of Banner Ventures, where his primary responsibilities include sourcing, underwriting, and overseeing a portfolio of private equity and growth-stage investments on behalf of a close-knit group of family offices and successful entrepreneurs.

(Note: Banner Acquisition priced its SPAC IPO on Sept. 7, 2021, in line with the terms in its prospectus: 15 million units at $10 each to raise $150 million.)