Hanover Partners
Hanover Partners, Inc. is a private equity firm established in 1994 and headquartered in San Francisco, California, with an additional office in Lake Oswego, Oregon. The firm specializes in acquiring and partnering with small-to-medium-sized companies, primarily in the United States and Canada, focusing on niche market leaders that develop proprietary products and engineered equipment. Hanover Partners typically invests between $5 million and $30 million in companies with revenues ranging from $8 million to $50 million, and operating earnings between $1.5 million and $8 million. The firm emphasizes control-oriented buyouts and recapitalizations, often taking majority stakes in its portfolio companies. It avoids sectors such as retail, construction, and certain manufacturing types, instead seeking opportunities in industrial equipment, commercial services, and business-facing software. The firm aims to support the management teams of its acquired companies by providing strategic guidance while allowing them to retain operational control. Hanover Partners generally plans to exit its investments within five to ten years, although it may extend its holding period through refinancing if necessary.
Top Stages
16 past transactions
Ska Fabricating
Acquisition in 2021
Ska Fabricating is a manufacturer of packaging machinery that specializes in automating packaging lines for the craft beverage industry, particularly breweries. The company designs and produces equipment such as depalletizers, palletizers, and related accessories that facilitate the movement of cans and bottles from pallets to conveyors. By providing reliable and efficient solutions for tasks such as depalletizing, repalletizing, conveyance, rinsing, drying, fill detection, and date coding, Ska Fabricating helps craft businesses enhance their packaging processes and improve operational efficiency.
Westside Equipment
Acquisition in 2019
Westside Equipment Co. is a manufacturer based in Madera, California, specializing in designing and producing harvesting equipment and parts for the tomato and pistachio industries. Founded in 1986, the company operates additional locations in California and Chile. Westside Equipment offers a diverse range of products, including shakers, bin carriers, elevators, and harvesters, as well as equipment for vineyard mechanization. The company's products are engineered to meet international harvesting needs, focusing on speed, longevity, and capacity to enhance efficiency for its clients.
Ligchine International
Private Equity Round in 2018
Ligchine International Corporation is a designer, manufacturer, and marketer of laser-guided concrete screed machines, catering primarily to flatwork companies. Founded in 2008 and based in Darien, Wisconsin, the company offers a range of boom-operated products under the brand name ScreedSaver. Its product lineup includes various models such as the Information Technology machine, max machine, max pro machine, and boss 240 machine, as well as advanced 3D/GPS and 3D/LPS systems. Ligchine also provides used and refurbished machines, enabling clients to enhance efficiency and profitability in a competitive construction labor market by reducing reliance on manual labor. The company's innovative approach incorporates wireless controls to facilitate precision in concrete screeding applications.
Blast Deflectors
Acquisition in 2018
Blast Deflectors Inc., founded in 1957 and based in Reno, Nevada, specializes in the manufacturing of jet blast deflectors and ground run-up enclosures for the aviation sector. The company is dedicated exclusively to providing solutions for major airports and military facilities, gaining a reputation for its expertise and commitment to customer service. Its product offerings include jet blast deflectors, ground run-up enclosures, end-around taxiway screens, and various engineered aerodynamic structures that are compatible with all aircraft types. These products enhance safety in air-side operations, optimize available airfield space, and reduce the acoustic impact associated with jet engine maintenance and testing run-ups.
Freedom Communication Technologies
Acquisition in 2015
Freedom Communication Technologies, Inc. is a manufacturer and developer of communication test equipment, specializing in land mobile radio (LMR) systems. Founded in 2015 and based in Kilgore, Texas, the company produces the industry's only portable, full-featured LMR test equipment, which supports various major protocols such as P25, TETRA, DMR, NXDN, and dPMR. Its flagship communication analyzer not only tests and maintains LMR systems but also features advanced analog capabilities, integrating functionalities of multiple standalone instruments, including a high-fidelity spectrum analyzer. In addition to its product offerings, Freedom Communication Technologies provides extensive maintenance and technical support services, as well as coverage mapping and interference analysis, through a global network of dealers, distributors, and resellers. Since July 2019, it has operated as a subsidiary of Astronics Corporation.
Quick Attach Attachments
Acquisition in 2012
Quick Attach Attachments LLC, established in 2002 and headquartered in Alexandria, Minnesota, specializes in manufacturing a wide range of attachments for skid steers and tractors. The company's product lineup includes hydraulic breakers, brush chippers, dumping boxes, augers, mulchers, spades, splitters, planers, shears, crushers, power units, winches, converters, packers, tillers, grinders, saws, plows, scrapers, seeders, trenchers, and various grapples and blades. These attachments are designed for applications in construction, agriculture, forestry, landscaping, and snow removal, catering to both heavy-duty and mini equipment needs.
Consolidated Equipment Group
Acquisition in 2012
Consolidated Equipment Group LLC, founded in 2002 and headquartered in Alexandria, Minnesota, specializes in the design, manufacture, and marketing of attachments for various types of light-construction equipment. The company is recognized as a leader in its field, providing high-quality attachments for skid-steer loaders, mini skid-steers, compact tractors, and utility terrain vehicles, among others. Its commitment to innovation and quality has established it as a prominent player in the equipment attachment market.
Handi Quilter
Acquisition in 2008
Handi Quilter is a manufacturer specializing in high-quality quilting machines designed for both stand-up and sit-down quilting. The company offers a range of products including midarm and longarm quilting machines, stitch regulators, quilting tables and frames, as well as a variety of accessories such as replacement parts, scissors, rulers, and templates. Handi Quilter prioritizes innovation and functionality, ensuring that its machines deliver the smoothest stitch in the industry while being low-maintenance and visually appealing for quilters' studios. The company supports its products with a trusted warranty and provides access to over 300 trained local retailers, alongside comprehensive customer service, education, and technical support. This commitment allows quilters, whether for leisure, charity, or profit, to produce quilts that meet their exacting standards.
Pyramid Acceptors
Acquisition in 2008
Pyramid is a manufacturer of proprietary, patented bill acceptors, also known as bank note validators and currency validation equipment, used in slot machines, vending machines, amusement devices, and other equipment. The products are a sophisticated combination of electro-mechanical hardware and software with capabilities to currently support 57 different international currencies. The company also offers thermal printers that can be used in conjunction with its core product offerings. Based in Arizona, Pyramid products are sold worldwide
Wohler Technologies
Acquisition in 2006
Wohler Technologies, Inc. is a manufacturer of audio and video monitoring solutions, primarily serving broadcasters, remote production facilities, and studios. Established in 1983 and headquartered in Hayward, California, the company specializes in in-rack monitoring products that include multi-channel audio solutions and various video monitoring options such as single screen and quad split systems. Wohler's product offerings also encompass monitors and test signal generators designed to support the entire broadcast transmission chain. By leveraging network-based interconnectivity and software control, the company aims to provide comprehensive system solutions for the broadcast, motion picture, and professional audio/visual markets. In addition to its products, Wohler Technologies offers support and repair services and distributes its solutions through resellers both domestically and internationally.
Solidscape
Acquisition in 2006
Solidscape, Inc. is a manufacturer specializing in high-precision 3D printers, materials, and software for the direct production of solid objects designed in computer-aided design (CAD). The company offers advanced 3D printers that create "wax-like" patterns primarily for lost-wax casting and mold-making applications. In addition to its printing technology, Solidscape provides materials such as InduraBase, a ceramic substrate for model printing, and BioAct VSO, a refined solution for dissolvable support wax removal. The company's software offerings include 3Z Works for model support structure generation and ModelWorks, which allows for customizable resolution and slice thicknesses. Solidscape serves various industries, including aerospace, automotive, dentistry, jewelry, electronics, and medical sectors. Originally known as Sanders Prototype, Inc., Solidscape was incorporated in 1994 and rebranded in 2000. The company is headquartered in Merrimack, New Hampshire, and operates as a subsidiary of Prodways Group S.A.
Bri-Mar Manufacturing
Acquisition in 2002
Bri-Mar Manufacturing, established in 1995 in Chambersburg, Pennsylvania, is one of the largest manufacturers of hydraulic dump trailers in the United States. The company produces a diverse range of trailers, including Equipment Trailers, Utility Trailers, Tilt Trailers, Car Trailers, and Pick-Up Truck Dump Inserts. Bri-Mar operates from a 375,000 square foot manufacturing facility and employs 120 personnel, emphasizing strong work ethics, high moral values, and comprehensive employee benefits. As part of BWise Manufacturing since 2013, Bri-Mar Trailers and BWise Trailers share the same production site, enhancing operational efficiency. The company takes pride in meeting rigorous quality and safety standards and is a long-term member of the National Association of Trailer Manufacturers and the North American Trailer Dealers Association. In addition to trailers, Bri-Mar also supplies parts for the OEM industry, including safety chains, brake assemblies, lighting and wiring, cylinders, and hoists.
Hamer
Acquisition in 2001
Hamer, LLC specializes in the design and manufacture of automated packaging equipment and systems, offering a comprehensive range of solutions that include dosing and filling, form fill seal bagging automation, manual bagging, bag closing, material handling, palletizing, and load securing equipment. The company also provides conveyors, engineered bagging systems, and open mouth bagging machines, along with used packaging equipment and services such as installation, startup, and training. With nearly 90 years of experience, Hamer is recognized for enhancing packaging line efficiency and profitability across various industries, including animal feed, agriculture, lawn and garden, chemicals, and packaged ice. The company is headquartered in Plymouth, Minnesota, and operates as a subsidiary of Fischbein LLC. Hamer's products are designed to ensure faster, more accurate packaging while maintaining simplicity and ease of maintenance.
Audio Precision
Acquisition in 2000
Audio Precision, Inc. is a prominent designer and developer of audio measurement and analysis equipment, established in 1984 and headquartered in Beaverton, Oregon, with additional offices in the United Kingdom and Ireland. The company specializes in high-performance audio analyzers and accessories that cater to both consumer and professional audio product manufacturers, as well as entertainment distributors globally. Its product offerings include a variety of audio analyzers—such as performance, multichannel, general-purpose, and portable models—alongside accessories like switchers and measurement filters. Audio Precision also provides APx audio measurement software and technical support services for audio testing. The company's instruments are utilized for a wide range of applications, including testing digital audio recorders, HDMI compliance, loudspeakers, and mixing consoles. With a commitment to innovation and quality, Audio Precision has established itself as the standard in audio test equipment, enabling engineers to effectively design, validate, and manufacture various audio products.
Rugby Manufacturing
Acquisition in 1999
Rugby Manufacturing is a company based in Rugby, North Dakota, specializing in the design and production of light and medium duty truck equipment and accessories. The company offers a variety of products, including dump truck bodies, landscape bodies, platforms, and truck and trailer hoists, along with other related accessories. With a focus on quality and innovation, Rugby Manufacturing serves the needs of the trucking industry by providing reliable equipment tailored for various applications.
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