Anchor Utility Emerges from Banyan Utility with New Leadership and Vision

Anchor Utility Rebrands for Stability and Growth

Introduction

The recent rebranding of Banyan Utility to Anchor Utility marks a significant shift in the company's journey. Effective from October 27, 2025, this change represents not just a new name but a renewed dedication to providing stability, trust, and partnerships in utility management.

Company Evolution

Since its inception in 2007, Banyan Utility has built a strong reputation for supporting multifamily property owners and operators across the United States. The transition to Anchor Utility symbolizes a firm commitment to better address the complexities of utility management, emphasizing the essence of guidance in challenging times. Brian Stone, the CEO, articulates this well: “Anchor Utility captures the essence of what we've always provided.” The new identity aims to reflect the company’s current operations and future aspirations.

The Core Values of Anchor Utility

Anchor Utility is anchored in three core pillars that highlight its commitment:
1. Expertise: With over a century of combined experience, the team strives to deliver reliable cost savings averaging $7 per bill.
2. Trust: The company positions itself as a reliable compass, offering streamlined processes and dedicated support.
3. Value: By ensuring compliance and providing comprehensive ESG reporting, Anchor adds long-term value to client portfolios.

“The essence of our mission and culture remains intact,” Stone added. “Our rebranding allows us to communicate our story more clearly.” This narrative centers around confidence, trust, and unwavering performance.

Leadership Changes

With the rebranding comes a series of pivotal leadership appointments that aim to steer Anchor Utility into its next growth phase:

Maliece Sorrows - Chief Operating Officer

Maliece Sorrows has been known for her transformative impact in the utility management sector. Her focus has always been client-centric, enhancing the experience and operational efficiency. Now, as COO of Anchor Utility, she aims to refine service delivery while fostering operational innovation. Maliece states, “In every role, my focus has been on aligning operations with client needs.