The Banyan Team cumulatively has over 50 years of business experience across multiple industries and disciplines. As adept operators and executives, we know how to grow businesses and build brands.
The Banyan Investment Board is an accomplished group of business builders with a track record of success across a spectrum of industries. Our investment companies benefit considerably from the Board’s unique expertise.
JOHN DUNN, Managing Director
John Dunn is a founding partner and Managing Director of Banyan Ventures. John currently serves as President of Banyan's portfolio company Metro Ready Mix. He also serves on the boards of Rev-It Logistics and MobilityRE.
John founded Banyan after serving as a Vice President at Campus Pipeline, Inc., where he was responsible for launching the company's sales efforts and building and managing the company's extensive services business. During John's tenure at Campus Pipeline, the company expanded dramatically, and the services business unit that he led was a key growth engine.
Before moving to Campus Pipeline, John practiced law at Fabian and Clendenin, a Salt Lake City law firm, representing a diverse group of clients, including IBM, Ford, PacifiCorp, and John Hancock.
A member of the Bar in California and Utah, John holds a juris doctorate and a bachelor's degree in political science from the University of Utah.
DARIN GILSON, Managing Director
Darin Gilson is a founding partner and Managing Director of Banyan Ventures. He currently oversees Banyan's investments in RCA Holdings, Terra Flame Home, Palo Verde, and Savvi. Darin also works closely with the Banyan team and the firm’s investment board to identify and structure new investments.
Prior to founding Banyan, Darin served as the President and Chief Operating Officer of Campus Pipeline, Inc. Darin helped grow Campus Pipeline from a backyard startup to the market leader in portal technology and services in the international higher education market. In late 2002 Darin helped execute a successful merger between Campus Pipeline and SCT Corporation.
Darin joined Campus Pipeline from McKinsey & Company, a global management consulting firm where his work focused on strategy and new business development. He has also previously been an adjunct professor of entrepreneurship at Westminster College in Salt Lake City, Utah.
Darin has a Master's of Business Administration in strategic and entrepreneurial management from the Wharton School at the University of Pennsylvania, where he graduated a Palmer Scholar, and he holds bachelor's degrees in economics and political science from the University of Utah.
TYLER THATCHER, Managing Director
Tyler Thatcher is a founding partner and Managing Director of Banyan Ventures. He currently oversees Banyan's investments in Chapman Innovations (CarbonX®) and Rev-It Logistics. He also sits on the board for Metro Ready Mix and is a member of the Board of Directors for the American Lung Association of Utah.
Before starting Banyan, Tyler served as Vice President and Chief Financial Officer at Campus Pipeline, Inc. In this role, Tyler helped raise more than $80 million in venture funding to fuel the company's growth. He also managed the accounting, investor relations, HR, legal, and facilities functions. Tyler was the Director of Investor Relations for Iomega Corporation prior to joining Campus Pipeline.
Tyler has a Master's of Business Administration from Brigham Young University, as well as a bachelor's degree in international finance from BYU.
CARL CROSSER, CFO
Carl Crosser is the Chief Financial Officer for Banyan Ventures. In this role, Carl oversees the finance and accounting departments for all of Banyan's companies. Carl has over 16 years of professional accounting and finance experience in a variety of industries, including consumer products, manufacturing, and technology. He is a Certified Public Accountant with experience in performing audits, building accounting department infrastructures, and performing financial analysis.
Prior to joining Banyan, Carl was the Director of Accounting at Powerquest Corporation, a software company where he managed the accounting department and served as the finance/accounting representative on several corporate committees. Before moving to Powerquest, Carl served as the Chief Financial Officer at Prudential Utah Real Estate, where he built an accounting infrastructure and reporting system for the newly formed brokerage. Prior to joining Prudential, Carl spent over seven years with the international public accounting firm Ernst & Young managing audit and consulting engagements for a variety of businesses ranging from high-tech startups to a Fortune 50 company with over $20 billion in annual revenues.
Carl has a bachelor's degree and a master's degree in accounting from Weber State University.
SCOTT JORGENSEN, Operating Partner
Scott Jorgensen is an Operating Partner of Banyan Ventures, and he is currently serving as the Chief Executive Officer of MobilityRE, one of the companies in Banyan's portfolio. Scott has particular expertise in finance, management, and strategy. He joined Banyan in the spring of 2011.
Scott came to Banyan from Beehive Credit Union, a Utah-based community financial institution where he served as the President and Chief Executive Officer, as well as Executive Vice President and Chief Financial Officer.
Scott has a bachelor's degree in accounting from the University of Utah.
JAMES GILSON, Associate
James Gilson joined Banyan Ventures in 2012 and works directly with the CFO in managing the finances and accounting for Banyan and its portfolio companies. He currently is the acting controller for Palo Verde and Rev-It Logistics. He also is the operations manager for Terra Flame Home.
Prior to joining Banyan, James was the Production Manager at VMI Nutrition, a nutritional consumer goods manufacturer. At VMI, James managed over 200 employees and ensured adherence to Current Good Manufacturing Practices (CGMP).
James has a Master's of Business Administration from the University of Utah and a bachelor's degree in accounting from Westminster College.
NICK MARTINEAU, Associate
Nick Martineau has been an associate at Banyan Ventures since 2012. Nick is primarily responsible for managing new investment opportunities and performing analysis and due diligence for all potential Banyan investments. He also assists in strategy development, financial modeling, and statistical analysis for Banyan’s portfolio companies.
Prior to joining Banyan, Nick served as an analytics consultant for the Cleveland Cavaliers. He provided analytical support for the Cavaliers coaching staff and front office. His work included analyzing player tendencies, producing opponent scouting reports, and making free agent, trade, and draft recommendations.
Nick holds a Master’s of Statistics degree from Brigham Young University, as well as a bachelor’s degree in finance from BYU.
RYAN ADAMS, Controller
Ryan Adams is a member of the finance and accounting team at Banyan. He currently is the controller for MobilityRE, Terra Flame Home, and Savvi. He also supports the Metro Ready Mix accounting team.
Before coming to Banyan, Ryan worked full time at Metro Ready Mix where he helped implement new best practice systems aimed at improving financial reporting efficiencies. He now implements similar processes in other Banyan portfolio companies.
Ryan has a Master’s of Business Administration with a Certificate in Entrepreneurship from Westminster College and a bachelor’s degree in English with a minor in business administration from the University of Utah.
Tim Barney is a Managing Director and Investment Board member of Banyan Ventures. He currently oversees the Banyan Opportunity Fund and is involved in the management of Intermountain Nutrition and RCA Holdings, the first two investments of the Fund.
Tim is well-known in Salt Lake City’s private equity industry, having served as President of NJMC Investments and as a Founder and Principal of Longview Partners for the past eight years. Prior to moving to venture capital, Tim was an Executive Vice President at EnergySolutions, where he retired in 2008 after nearly 12 years with the company. He held many positions at EnergySolutions, including Chief Operating Officer, Vice President of Investor Relations, Vice President of Government Relations, and Vice President of Corporate Development.
Tim began his career with Envirocare in 1996 as a Regulatory Affairs Specialist and was later promoted to Chief Operating Officer. Before his years at Envirocare, he was employed by the Utah Legislative Auditor General's Office as a Performance Auditor.
Tim sits on the National Advisory Board for the Huntsman School of Business at Utah State University and has served on the Board of Trustees of Snow College. Tim is active in civic and community affairs. He holds a bachelor's degree in International Relations from Brigham Young University and graduated from Utah State University with a master’s degree in Political Economy.
As founder and chairman of The Boyer Company, Roger Boyer leads one of the largest full-service real estate development firms in the western United States. The Boyer Company has developed over 30 million square feet of commercial space.
Roger has served in numerous community positions with the Salt Lake Area Chamber of Commerce (Chairman), Federal Reserve Board (Chairman, Salt Lake Branch), University of Utah Hospital Advisory Board, and the University of Utah (Trustee).
Roger received his bachelor's degree at the University of Utah and his Master's of Business Administration from the Harvard Graduate School of Business Administration.
Steve Ostler worked at The Boyer Company for 25 years and is currently Vice Chair of the company's Board of Directors. Steve served in many leadership capacities at Boyer, including Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, President, and Finance Manager. He was responsible for more than $750 million in construction and permanent financing and over $100 million in asset sales. He was also a Project Manager for numerous corporate facility relocations and developments, including U.S. Robotics, O.C. Tanner, and Covey Leadership.
Steve sits on the governor-appointed Board of Trustees for the State of Utah School and Institutional Trust Lands Administration (Utah Trust Lands). He is a former member of the board for the Clark Planetarium, Pioneer Memorial Theater, and Discovery Gateway.
Steve received a bachelor's degree in economics at the University of Utah, where he graduated Magna Cum Laude, and he received his Master's of Business Administration at the Harvard Graduate School of Business Administration.
David Simmons is the President and CEO of Simmons Media Group in Salt Lake City, Utah. In addition to his position with Simmons Media, he also leads Morris Murdock Travel, Inc., RES Properties LPA, and Crestwood Communications, Inc.
David served for 14 years on the governor-appointed Utah State Board of Business and Economic Development and was Chair of the Board for the Governor's Office of Economic Development. He currently sits on the board for Keystone Enterprise Services, LLC and First National Bank of Utah and is a member of the Westminster College Board of Trustees and the Western Governors University Board of Trustees. He also serves on the board of the Utah Shakespeare Festival, the Davis Applied Technology College Foundation, The University of Utah Partnership Board for the College of Humanities, the Walker Institute at Weber State University, and the Utah Sports Commission.
David received his bachelor's degree from the University of Utah and his Master's of Business Administration from the Harvard Graduate School of Business Administration.
Brian Watts is currently a partner and Vice President of Treasury for Henry Walker Homes. He previously helped lead the growth and expansion of Wasatch Energy as a partner and Chief Financial Officer. During his tenure at Wasatch Energy, Brian and his partners built the business into a fully integrated energy marketing and trading company. After selling Wasatch Energy to BP Energy in 2007, Brian remained with the company as Vice President of Financial Operations until 2011. Brian currently co-manages several companies that own oil and gas-related assets and commercial real estate.
Brian has a wealth of experience in accounting, including five years at Arthur Anderson & Co. and two years as a Financial Analysis Manager for Fleming Companies, Inc. He presently serves on the executive committee of Cause for Hope.
Brian holds a bachelor's degree from Weber State University.