Diligence memo · auto-generated · as of July 2, 2026
Banner Apex Holdings, LLC
Banner Apex Holdings, LLC looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Banner Apex Holdings, LLC operates in Manufacturing, based in WESTPORT.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Banner Apex Holdings, LLC has raised $141M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $141M on 2023-12-01.
Most recent recorded round closed around 2023-12-01.
Valuation (modeled)modeled
Provath models Banner Apex Holdings, LLC at approximately $1.2B (range $815M–$1.8B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.69× the median modeled value of Series D+ Manufacturing companies in 2022–2024 (10 peers) — value vs value, same stage and era. Within the normal band (69% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 2.6 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 97% of Manufacturing peers (3257 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Lotus Technology Inc., Arrival, Newlight Technologies, Inc., Filtration Group Equity Llc, BPCP NSA Holdings, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.