Banner Engineering Overview

  • Year Founded
  • 1966

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,039

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 1

  • Investments
  • 2

Banner Engineering General Information

Description

Manufacturer of industrial automation products intended to serve manufacturing companies worldwide. The company focuses on developing a range of engineering products including photoelectric sensors, fiber optics, amplifiers and vibration sensors, remote monitoring and predictive maintenance solutions, enabling businesses to reduce communication inefficiencies and increase process speed for all manufacturing facilities.

Contact Information

Website
www.bannerengineering.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 9714 Tenth Avenue North
  • Minneapolis, MN 55441
  • United States
Primary Industry
Electronic Equipment and Instruments
Parent Company
Parker-Hannifin
Vertical(s)
Manufacturing
Corporate Office
  • 9714 Tenth Avenue North
  • Minneapolis, MN 55441
  • United States

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Banner Engineering Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Banner Engineering Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of industrial automation products intended to serve manufacturing companies worldwide. The company focuses
Electronic Equipment and Instruments
Minneapolis, MN
1,039 As of 2024

Wolfratshausen, Germany
 

North Reading, MA
 
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Banner Engineering Competitors (40)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
SmartRay Corporate Backed or Acquired Wolfratshausen, Germany
Teradyne Private Equity-Backed North Reading, MA
Wenglor Sensoric Corporation Tettnang, Germany
Turck USA Corporation Minneapolis, MN
Micro-Epsilon Corporation Ortenburg, Germany
You’re viewing 5 of 40 competitors. Get the full list »

Banner Engineering Patents

  • 253

    Total Documents Applications and Grants

  • Total Patents Families

  • 155

    Granted

  • 45

    Pending

  • Expiring in next 12 mo

Banner Engineering Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-D1039406-S1 Fill sensor Active 14-Feb-2023
US-20240274339-A1 Magnetic mount assembly Pending 14-Feb-2023
US-20240258778-A1 Self-fitting pressure equalizing waterproof electronics enclosure Pending 30-Jan-2023
US-D1030453-S1 Offset standoff bracket for data transmission devices Active 21-Apr-2022
CA-214945-S Communication hub Active 21-Apr-2022
To view Banner Engineering’s complete patent history, request access »

Banner Engineering Executive Team (7)

Name Title Board Seat
Ty Fayfield Chief Executive Officer
Carla Grafstrom President & Chief Operating Officer
Jason Pitts Chief Financial Officer
Andy Barnauskas Chief Operating Officer
Neal Schumacher Executive Vice President - Sensors and Safety
You’re viewing 5 of 7 executive team members. Get the full list »

Banner Engineering Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Banner Engineering Investments & Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
WSG Group 15-Mar-2023 Industrial Supplies and Parts
Turck Banner 01-Jan-2018 Merger/Acquisition Distributors/Wholesale
To view Banner Engineering’s complete investments and acquisitions history, request access »

Banner Engineering FAQs

  • When was Banner Engineering founded?

    Banner Engineering was founded in 1966.

  • Who is the founder of Banner Engineering?

    Bob Fayfield is the founder of Banner Engineering.

  • Who is the CEO of Banner Engineering?

    Ty Fayfield is the CEO of Banner Engineering.

  • Where is Banner Engineering headquartered?

    Banner Engineering is headquartered in Minneapolis, MN.

  • What is the size of Banner Engineering?

    Banner Engineering has 1,039 total employees.

  • What industry is Banner Engineering in?

    Banner Engineering’s primary industry is Electronic Equipment and Instruments.

  • Is Banner Engineering a private or public company?

    Banner Engineering is a Private company.

  • What is Banner Engineering’s current revenue?

    The current revenue for Banner Engineering is .

  • Who are Banner Engineering’s competitors?

    SmartRay, Teradyne, Wenglor Sensoric, Turck USA, and Micro-Epsilon are some of the 40 competitors of Banner Engineering.

  • When was Banner Engineering acquired?

    Banner Engineering was acquired on 01-Jan-1990.

  • Who acquired Banner Engineering?

    Banner Engineering was acquired by Parker-Hannifin.

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