Nick Martineau

Nick Martineau is a Managing Director at Banyan Growth Partners, a Utah-based growth-equity and lower-middle-market private equity firm headquartered in Millrock Park in Holladay. He joined the firm (then operating as Banyan Ventures) in 2013 and today leads its efforts in sourcing and executing new investments. His day-to-day responsibilities center on managing new investment opportunities and performing the analysis and due diligence on all potential Banyan investments, in addition to supporting strategy development, financial modeling, and statistical analysis across the existing portfolio.

Before entering private equity, Martineau worked an unusual path for an investor: he served as an analytics consultant for the NBA's Cleveland Cavaliers, where he provided quantitative support to the coaching staff and front office. That work included analyzing player tendencies, producing opponent scouting reports, and informing free-agent, trade, and draft decisions — a data-driven background he now applies to deal evaluation and portfolio analysis.

Martineau holds both of his degrees from Brigham Young University: a bachelor's degree in finance and a master's degree in statistics. He lives in North Salt Lake, Utah, with his wife and children.

He is an active board-level operator rather than a passive check-writer, holding board seats at several Banyan portfolio companies — including Axis Power, Intermountain Nutrition, Restore (Maverick), Supreme Ice, and Yellow Horse — where he helps drive growth post-investment.

• Invests as a growth-equity / lower-middle-market PE partner, not as a seed or angel investor — targeting established companies with real revenue and profitability rather than early-stage startups.
• Typical equity investment runs roughly $5M to $20M+ per deal, with the ability to bring in syndication partners when a company needs more capital.
• Looks for companies with about $5M+ in revenue and $1M+ in EBITDA, U.S.-headquartered, operating in traditional industries.
• Sector emphasis on energy & infrastructure, construction & industrial services, manufacturing, and business services.
• Favors strong leadership teams that value partnership, businesses with growth-market potential, and defensible competitive advantages — Banyan positions itself as a hands-on, board-active partner that supports operational growth, financial modeling, and strategy.