Banner Capital Expands Leadership Team with McKay Potter as Principal

Banner Capital Expands Its Leadership Team

Banner Capital, a prominent player in the lower middle-market private equity sector, has announced a significant addition to its leadership team. The firm, which is committed to partnering with founder-led and family-owned businesses throughout the Western United States, welcomed McKay Potter as Principal on June 8, 2026. Potter’s appointment is seen as a strategic move to bolster the firm’s capabilities and drive its investment initiatives further.

Background of McKay Potter

McKay Potter arrives at Banner Capital with an impressive background, boasting over ten years of investment and advisory experience particularly focused on the lower middle market. Before joining Banner, he held the position of Vice President at Tower Arch Capital, a private equity firm based in Salt Lake City. There, he excelled in assessing, executing, and managing investments in founder-owned businesses spanning various sectors, including business services and industrials.

His career also features notable roles at Bain & Company and L.E.K. Consulting, where he provided valuable insights into growth strategies, market entry, and operational enhancements for both businesses and investors. Such diverse experiences set a solid foundation for his new role at Banner.

Role and Responsibilities at Banner

As Principal at Banner Capital, Potter will be instrumental in overseeing several key functions of the firm. His responsibilities will encompass sourcing new investment opportunities, executing transactions, and creating value within the portfolio. He will focus particularly on Banner’s core sectors and the Western U.S. market.

According to Tanner Ainge, the Founder and CEO of Banner Capital, Potter was a perfect fit for the team. Ainge praised Potter's disciplined investment approach, founder-oriented mentality, and deep-rooted connections within the region, stating, “He has built a strong track record partnering with the kind of businesses we focus on.” Ainge emphasized that Potter’s addition significantly enhances Banner's capacity to identify, secure, and support more investment prospects.

Educational Qualifications

In terms of academic credentials, Potter holds an MBA from the prestigious Kellogg School of Management at Northwestern University, further complementing his strong foundation with a Bachelor of Science degree from Brigham Young University. This educational background, combined with his extensive professional experience, equips him well for the challenges ahead at Banner.

About Banner Capital

Founded in 2020 and headquartered in Salt Lake City, Utah, Banner Capital has swiftly established itself as a key player focusing on lower middle-market investments. With an emphasis on family-owned and founder-led businesses, the firm aims to support companies with EBITDA ranging from $4 million to $15 million. Since its inception, Banner has executed 16 transactions and manages approximately $630 million in assets under management as of December 31, 2025. The firm also has an office in Phoenix, Arizona, expanding its outreach within the region.

With Potter on board, the firm aims to further solidify its representation in the private equity space, promoting growth in the sectors that serve as the backbone of the U.S. economy. For additional information about Banner Capital and its services, visit www.bannercap.com.