Hanover Partners

Founded in 1994, Hanover Partners invests in small-to-medium size proprietary product & engineered equipment companies. Andrew Ford and John Palmer founded Hanover Partners in 1994. As operating professionals with product management, marketing, business strategy, and strategic finance backgrounds, they saw an opportunity to leverage their operating experience to acquire, manage, and grow a small company. This approach transitioned into a portfolio model where they would not get involved in the day-to-day operations of the companies; rather, they would be value-added investor-partners, providing engaged, resourceful stewardship for the management teams of each acquired company. As such, they have been highly selective with thier acquisitions so that they can devote meaningful time to supporting each portfolio company. While the specific sub-sectors in which they have invested vary, the commonality is companies that are niche market leaders, develop proprietary products and equipment or software, maintain a heavy focus on R&D, have talented, ownership oriented management teams, and have the potential to grow into larger organizations.

Aaron C. Aiken

Managing Partner

Andrew N. Ford

Co-Founder and Principal

John E. Palmer

Partner

14 past transactions

Ska Fabricating

Acquisition in 2021
Ska Fabricating automates packaging lines for craft businesses, specializing in depalletizing, repalletizing, conveyance, rinsing, drying, fill detection, and date coding.

Westside equipment

Acquisition in 2019
Westside equipment is a manufacturer of tomato and pistachio harvesting equipment and related parts.

Ligchine International Corporation

Private Equity Round in 2018
Ligchine International Corporation is a manufacturer of Boom operated 2D Laser & 3D GPS Guided Concrete Screed Machines featuring wireless controls.

Blast Deflectors

Acquisition in 2018
Blast Deflectors is a maker of jet blast deflectors ground run-up enclosures. It has focused exclusively on solutions for the aviation industry and, in the process, has earned a worldwide reputation for its expertise, integrity, and long-term customer commitment.
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 Attachments LLC

Acquisition in 2012
Quick Attach Attachments produces construction and agriculture equipment. Their product categories such as attachments, skid steer, mini skid steer, tractor, and its parts. Their skid steer and mini skid steer products includes brush cutters, grapples, buckets and forks, landscaping, construction, snow removal, agriculture, and forestry equipment.

Handi Quilter

Acquisition in 2008
Handi Quilter understands what quilters need, a reliable, low-maintenance quilting machine that not only makes it easy for you to finish more quilts, but also looks great in your studio. Whether you quilt for fun, charity, or for profit, Handi Quilter’s innovative technology and quality engineering provide the functionality that quilters demand along with the smoothest stitch in the industry. All of our machines are backed by the trusted HQ warranty, more than 300 trained HQ local retailers, and HQ customer service, education, and technical support. With Handi Quilter, you’ll be able to finish more quilts to your own or your customers’ 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

Solidscape

Acquisition in 2006
Solid Scape is an aviation and aerospace company based out of 606 S Hill St, Los Angeles, California, United States.

Bri-Mar Manufacturing

Acquisition in 2002
Bri-Mar Manufacturing, founded in 1995 in Chambersburg, PA has grown to be one of the largest manufacturers of hydraulic dump trailers in the country. In addition to our Dump Trailer line, Bri-Mar also manufactures a full line of Equipment Trailers, Utility Trailers, Tilt Trailers, Car Trailers and Pick-Up Truck Dump Inserts. In the Fall of 2013 Bri-Mar became part of BWise Manufacturing, LLC. Bri-Mar Trailers and BWise Trailers are now built at the same facility on Wayne Avenue in Chambersburg. With 120 employees in a 375,000 square foot manufacturing facility, the strength of Bri-Mar lies not only in its diversified product line but also in its people. We are proud to employ the highest quality personnel, placing emphasis on strong work ethics, high moral values, and strong employee benefits. Our people have the opportunity to impact their individual work areas as well as the overall performance of the company. Bri-Mar has been a long term member of the National Association of Trailer Manufactures (NATM) and the North American Trailer Dealer Association (NATDA) and meets or exceeds all standards for quality and safety across their product lines.

Hamer

Acquisition in 2001
For nearly 90 years, Hamer has been designing and manufacturing specialty automated packaging solutions and is recognized as a trusted brand to improve packaging line efficiency and profitability. Hamer offers turnkey bag management systems including the widest product range of weighing and filling technologies, manual bagging systems, form fill seal bagging automation and fully automatic robotic bag palletizers. Hamer engineers equipment that ensure faster, more accurate packaging while keeping designs simple, robust and easy to maintain. Hamer globally serves diverse end markets including Agriculture, Lawn & Garden, Industrial Dry Solids and Packaged Ice.

Audio Precision

Acquisition in 2000
Audio Precision is the recognized standard in audio test. For over thirty years, AP has offered high-performance audio analyzers, accessories and applications to help engineers worldwide design, validate, characterize and manufacture consumer, professional and industrial audio products. Ongoing innovation has been a key theme for the organization since its founding, with market-leading THD+N performance, a wide range of digital interfaces, software that combines power with ease-of-use, and tools for electro-acoustic and perceptual audio testing.

Rugby Manufacturing

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