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.
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, founded in 2008 and based in Darien, Wisconsin, specializes in the design, manufacture, and marketing of laser-guided boom-operated concrete screeds. Its product line, marketed under the ScreedSaver brand, includes various models such as the Information Technology machine, max machine, max pro machine, boss 240 machine, and systems utilizing both 3D GPS and 3D Local Positioning technology. The company focuses on providing innovative solutions for flatwork companies of all sizes, enabling clients to enhance efficiency and reduce labor dependency in an increasingly competitive construction market. In addition to new machines, Ligchine also offers used and refurbished options.
Blast Deflectors
Acquisition in 2018
Blast Deflectors Inc., founded in 1957 and headquartered in Reno, Nevada, specializes in manufacturing jet blast deflectors and ground run-up enclosures primarily for the aviation sector. The company is recognized for its expertise and commitment to customer service, delivering solutions that enhance safety in air-side operation areas at major airports and military facilities. Its product line includes jet blast deflectors, ground run-up enclosures, end-around taxiway screens, and engineered aerodynamic structures that accommodate all aircraft types. These innovations help clients improve safety, maximize airfield space, and reduce the acoustic impact of jet engine maintenance and testing run-up noise.
Freedom Communication Technologies
Acquisition in 2015
Freedom Communication Technologies, Inc. specializes in the development and manufacture of communication test equipment, particularly for land mobile radio (LMR) systems. The company produces a portable, full-featured LMR test analyzer that supports various major protocols, including P25, TETRA, DMR, NXDN, and dPMR, and incorporates advanced analog testing capabilities. In addition to its analyzers, Freedom Communication Technologies offers a range of related products such as coverage mapping software, protective glove cases, and bridge kits. The company also provides maintenance and technical support services to enhance its offerings. Established in 2015 and based in Kilgore, Texas, Freedom Communication Technologies operates as a subsidiary of Astronics Corporation and distributes its products through a global network of dealers and resellers.
Quick Attach Attachments
Acquisition in 2012
Quick Attach Attachments LLC, founded in 2002 and based in Alexandria, Minnesota, specializes in manufacturing a wide range of attachments for skid steers and tractors, catering to both the construction and agriculture sectors. The company offers an extensive array of products, including hydraulic and mini hydraulic breakers, brush mowers, grapples, buckets, snow blowers, and various augers. Its portfolio encompasses equipment designed for landscaping, forestry, snow removal, and other utility applications. Quick Attach's commitment to innovation is evident in its diverse offerings, which also include specialized attachments like log splitters, trenchers, and multi-purpose rakes. The company aims to provide effective solutions for enhancing the functionality of skid steers and tractors, making it a prominent player in the attachments market.
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 manufactures a range of quilting machines designed for both stand-up and sit-down quilting, catering to various user needs. The company provides midarm and longarm quilting machines, equipped with innovative technology and quality engineering, ensuring a reliable and low-maintenance experience for quilters. In addition to the machines, Handi Quilter offers an array of quilting accessories, including stitch regulators, quilting tables and frames, as well as replacement parts, scissors, rulers, templates, and patterns. With a strong commitment to customer support, Handi Quilter backs its products with a comprehensive warranty and provides access to over 300 trained local retailers, along with dedicated customer service and educational resources. This focus enables quilters to produce high-quality work efficiently, whether for personal enjoyment, charity, or commercial purposes.
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 of high-precision 3D printers, materials, and software tailored for the direct production of solid objects designed in CAD. The company's printers create "wax-like" patterns suitable for lost-wax and investment casting, as well as mold making. Solidscape's offerings include InduraBase, a ceramic substrate for model printing, and BioAct VSO, a non-aqueous solution for efficiently removing support wax. The company also provides advanced software tools, such as 3Z Works for model support generation and ModelWorks for customizable resolution and slice thickness. Solidscape serves diverse markets including aerospace, automotive, dental, electronics, jewelry, medical, and consumer goods. Originally known as Sanders Prototype, Inc., Solidscape was established in 1994 and is headquartered in Merrimack, New Hampshire. 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 Manufacturing is a company based in Rugby, North Dakota, specializing in the design and production of light and medium-duty truck equipment. The company provides a range of products, including dump truck bodies, landscape bodies, platforms, and truck and trailer hoists, along with various related accessories. With a focus on quality and functionality, Rugby Manufacturing serves the needs of the trucking industry by delivering reliable equipment tailored to various applications.
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