SALT LAKE CITY, April 30, 2025 /PRNewswire/ -- Banner Capital Management, LLC ("Banner") is pleased to announce the formation of Western Pavement Services, Inc ("Western Pavement Services"), a new platform focused on asphalt maintenance services in the Western United States.

Banner announced that Roadrunner Paving and Asphalt Maintenance, LLC ("Roadrunner"), a third-generation business founded by the Slade family in Mesa, AZ and currently managed by Kendall Power, has become the first partner company.                                                                    

 "We are excited to partner with David Slade, Kendall Power, and the entire Roadrunner team. We believe in this historically resilient sector and have been fortunate to meet a number of multi-generational, founder and family-owned companies throughout the West which have a desire to join together and create a regional force capable of serving not only local landlords and property managers but also those with needs for reliable, consistent service throughout the broader West." stated Tyler Price, Managing Director of Banner.

Roadrunner will continue to be the primary operating company for Arizona, with Mr. Power serving as President. "We are thrilled to continue our 40+ year legacy of excellence serving our customers in Phoenix Metro. Roadrunner is stronger than ever, and we are already underway in our accelerated growth plans to add more services and capabilities to better serve our customers"

Tanner Ainge, Founder & CEO of Banner, said, "This transaction is a perfect fit for us. As a firm, we have deep roots in Arizona and strive to be a partner of choice for founder-led and family-owned businesses in the Phoenix and Tucson markets. We are honored that the Slade family and Kendall would choose us as a capital partner."

About Banner

Banner Capital Management, LLC is a private equity firm focused on providing partnership capital to family-owned and founder-led businesses in the Western United States. The firm seeks to invest across its targeted sectors of services, consumer, industrial and healthcare. As of December 31, 2024, the firm has $522.5 million in assets under management (AUM).

For more information, visit www.bannercap.com.

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SOURCE Banner Capital Management