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.

Aaron C. Aiken

Managing Partner

Andrew N. Ford

Founding Partner

John Palmer

Co-Founder and Partner

Vineet Varma

Partner

14 past transactions

Ska Fabricating

Acquisition in 2021
Ska Fabricating is a manufacturer specializing in packaging machinery for the brewery industry. The company focuses on automating packaging lines for craft businesses, offering equipment that includes depalletizers, palletizers, and various accessories. Their machinery is designed to efficiently move cans and bottles from pallets to conveyors, streamlining the packaging process. Additionally, Ska Fabricating provides solutions for rinsing, drying, fill detection, and date coding, ensuring reliable and automated operations for their clients.

Westside equipment

Acquisition in 2019
Westside Equipment Co. designs and manufactures tomato harvesters and parts. The company was founded in 1986 and is based in Madera, California with additional locations in California and Chile.

Ligchine International

Private Equity Round in 2018
Ligchine International Corporation, based in Darien, Wisconsin, specializes in the design, manufacture, and marketing of laser-guided boom-operated concrete screeds, marketed under the ScreedSaver brand. The company offers a range of products including various models of screed machines equipped with advanced features such as 2D laser and 3D GPS guidance, as well as wireless controls. Its product lineup includes the Information Technology machine, max machine, max pro machine, and boss 240 machine, along with 3D/GPS and 3D/LPS systems. Additionally, Ligchine provides used and refurbished machines, catering to diverse customer needs. Founded in 2008, the company has established itself as a key player in the concrete construction equipment industry.

Blast Deflectors

Acquisition in 2018
Blast Deflectors Inc., founded in 1957 and based in Reno, Nevada, specializes in manufacturing jet blast deflectors and ground run-up enclosures for major airports and military facilities. The company designs and installs a range of products, including end-around taxiway screens and engineered aerodynamic structures that accommodate all types of aircraft. These solutions enhance safety in air-side operation areas, optimize available airfield space, and reduce the acoustic impact associated with regulated jet engine maintenance and testing run-up noise.
Freedom Communication Technologies manufactures the industry's only portable, full-featured LMR test equipment. Our industry standard analyzer addresses every major LMR protocol, including P25 Phases I and II, TETRA, DMR, NXDN and dPMR. It also possesses an unmatched set of analog test capabilities, having the functionality of multiple stand-alone instruments including a spectrum analyzer with the best spectral purity in an LMR test set.

Quick Attach

Acquisition in 2012
Quick Attach Attachments LLC, founded in 2002 and located in Alexandria, Minnesota, specializes in the design and manufacture of a diverse range of attachments for construction and agricultural machinery. The company produces hydraulic and mini hydraulic breakers, brush chippers, various types of augers, log splitters, mulchers, stump grinders, and a wide array of other attachments for skid steers, compact tractors, and utility terrain vehicles. Their product offerings include utility rakes, snow blowers, dozer blades, and numerous grapple attachments, catering to both commercial and personal use. Quick Attach focuses on delivering durable and cost-effective solutions, enabling clients to enhance the functionality of their equipment.

Handi Quilter

Acquisition in 2008
Handi Quilter is a manufacturer specializing in 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, and a variety of accessories such as replacement parts, scissors, rulers, and templates. Handi Quilter focuses on providing reliable, low-maintenance machines that enable quilters to complete more projects efficiently while maintaining high-quality standards. Their innovative technology and quality engineering ensure smooth stitching, catering to quilters who work for enjoyment, charity, or profit. Additionally, Handi Quilter supports its customers with a comprehensive warranty, access to over 300 trained local retailers, and dedicated customer service, education, and technical support.

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, a portfolio company of Hanover Investments, provides in-rack audio and video monitoring solutions for the broadcast, motion picture, and professional audio/visual markets. The company's extended product line also a range of monitors and test signal generators that support the entire broadcast transmission chain. These products are based on the company's network-based interconnectivity and software control, which allows complementary products to fulfill Wohler's goal of providing complete system solutions.

Solidscape

Acquisition in 2006
Solidscape, Inc. is a manufacturer of high-precision 3D printers, materials, and software designed for the direct production of solid objects from computer-aided designs (CAD). The company's offerings include 3D printers that produce "wax-like" patterns suitable for lost-wax casting and mold-making applications, as well as specialized materials like InduraBase and BioAct VSO for enhanced printing processes. Solidscape also develops software solutions, such as 3Z Works and ModelWorks, which facilitate model support structure generation and resolution customization. The company caters to a diverse range of industries, including aerospace, automotive, dental, electronics, jewelry, medical, and consumer goods. Originally incorporated in 1994 and formerly known as Sanders Prototype, Inc., Solidscape changed its name in 2000 and is based in Merrimack, New Hampshire. As of July 2018, it 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 a prominent manufacturer of hydraulic dump trailers and other trailer types, including equipment, utility, tilt, and car trailers, as well as pick-up truck dump inserts. The company operates from a 375,000 square foot facility and employs approximately 120 individuals, focusing on high-quality personnel and strong work ethics. In 2013, Bri-Mar joined BWise Manufacturing, allowing both brands to produce trailers at the same location. The company is recognized for its commitment to quality and safety, adhering to the standards set by the National Association of Trailer Manufacturers and the North American Trailer Dealer Association. In addition to trailer manufacturing, Bri-Mar provides parts for the OEM industry, including safety chains, brake assemblies, lighting and wiring, cylinders, and hoists.

Hamer

Acquisition in 2001
Hamer, LLC specializes in designing and manufacturing automated packaging equipment and systems, with a focus on improving packaging line efficiency. Established in 1927 and based in Plymouth, Minnesota, the company offers a comprehensive range of products including dosing and filling systems, form fill seal bagging automation, manual bagging solutions, bag closing equipment, and palletizing systems. Hamer also provides used packaging equipment and services such as installation, startup, and training. Their products cater to various industries, including animal feed, agriculture, chemicals, and packaged ice, serving both domestic and international markets. Hamer is known for its commitment to delivering reliable, efficient, and easy-to-maintain packaging solutions, positioning itself as a trusted brand in the automated packaging sector. As of 2015, Hamer operates as a subsidiary of Fischbein LLC.

Audio Precision

Acquisition in 2000
Audio Precision, Inc. specializes in designing and developing audio analyzers and measurement equipment, serving the needs of consumer and professional audio manufacturers, as well as entertainment distributors globally. The company offers a variety of products, including performance and portable audio analyzers, accessories, and specialized tools for precise electro-acoustic testing of headphones and earphones. Audio Precision also provides APx audio measurement software and technical support services for audio testing applications. Its equipment is used to test a wide range of audio devices, including digital audio recorders, loudspeakers, and mixing consoles. Founded in 1984 and headquartered in Beaverton, Oregon, Audio Precision maintains additional offices in the United Kingdom and Ireland, and distributes its products through a global network of representatives and distributors. The company has built a reputation for innovation and high performance in audio testing over its three decades of operation.

Rugby Manufacturing

Acquisition in 1999
Rugby is a manufacturer of light and medium duty truck equipment.
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