Hanover Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Hanover Partners has acquired 2 companies. It has also invested in 1 other.

Hanover Partners’ most common sectors for investment are machinery (36%) and manufacturing (30%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (77%) and growth capital (6%). In total, Hanover Partners has invested in 13 US states. Its largest (disclosed) acquisition occurred in 2006 when it acquired Wohler Technologies for $14M.

In the last 3 years, Hanover Partners has exited 2 companies. The Firm’s most common exit type is trade sale (80%). Hanover Partners’ largest (disclosed) exit occurred in 2011 when it sold Solidscape for $38M.

Join Mergr to view Hanover Partners’ full profile and discover more small private equity firms just like it.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity17
    • M&A Sell Activity10
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 4

Hanover Partners, Inc.

425 California Street, Suite 1700,
San Francisco, California 94104
United States
(415) 788-8680
www.hanoverpartners.com
aaron@hanoverpartners.com

Hanover Partners is a private investment firm that targets middle-market companies with enterprise value between $10 and $60 million and EBIT of at least $2 million. Hanover prefers manufacturing or service based businesses located in the United States that serve business customers. Avoided industries include retail, construction, consulting, job-shops, and distributors not adding specific value. Hanover Partners was formed in 1994 and is based in San Francisco, California with an additional office in Oswego, Oregon.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Communications, Consumer Products, Electronics, Machinery, Manufacturing, Packaging, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 8 -
Target EBITDA 2 8
Investment Size - -
Enterprise Value 8 60
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 14 - - 2 1 - 17
vol $14M $14M
Sell (0.4/yr) # 8 - - 1 1 - 10
vol $38M $22M $60M
  27

Most Recent M&A

Company Date Value Type
Westside Equipment Holdings LLC 2019-10-31 - Buyout (LBO, MBO, MBI)
Madera, California · www.westsideequipment.com
Freedom Communication Technologies, Inc. 2019-07-01 22M USD Add-on Acquisition
Kilgore, Texas · www.freedomcte.com
Audio Precision, Inc. 2018-11-05 - Secondary Buyout
Beaverton, Oregon · www.ap.com
Ligchine International Corp. 2018-08-01 - Growth Capital
Floyds Knobs, Indiana · www.ligchine.com
Blast Deflectors, Inc. 2018-03-21 - Buyout (LBO, MBO, MBI)
Reno, Nevada · www.blastdeflectors.com
Freedom Communication Technologies, Inc. 2015-08-05 - Buyout (LBO, MBO, MBI)
Kilgore, Texas · www.freedomcte.com
Hamer LLC 2015-05-28 - Add-on Acquisition
Plymouth, Minnesota · www.hamerinc.com
Bri-Mar Manufacturing LLC 2013-11-08 - Add-on Acquisition
Chambersburg, Pennsylvania · www.bri-mar.com
Quick Attach Attachments, Inc. 2012-08-09 - Buyout (LBO, MBO, MBI)
Alexandria, Minnesota · www.quickattach.com
Handi Quilter, Inc. 2011-11-15 - Secondary Buyout
North Salt Lake, Utah · www.handiquilter.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Machinery 2 (40%) - 6 (35%) -
Manufacturing 2 (40%) - 5 (29%) -
Test/Measurement Equipment - - 2 (12%) -
Electronics - - 1 (6%) 14M (100%)
Aerospace 1 (20%) - 1 (6%) -
Building Materials - - 1 (6%) -
Packaging - - 1 (6%) -
Total 5 - 17 $14M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 17 (100%) 14M (100%)
  California 1 (20%) - 2 (12%) 14M (100%)
  Indiana 1 (20%) - 2 (12%) -
  Minnesota 1 (20%) - 2 (12%) -
  Iowa - - 2 (12%) -
  Arizona 1 (20%) - 1 (6%) -
  Nevada 1 (20%) - 1 (6%) -
  Colorado - - 1 (6%) -
  Utah - - 1 (6%) -
  Texas - - 1 (6%) -
  Pennsylvania - - 1 (6%) -
  Oregon - - 1 (6%) -
  North Dakota - - 1 (6%) -
  New Hampshire - - 1 (6%) -
Total 5 - 17 $14M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (80%) - 13 (76%) 14M (100%)
Growth Capital 1 (20%) - 1 (6%) -
Recapitalization - - 1 (6%) -
Secondary Buyout - - 1 (6%) -
Stake Purchase - - 1 (6%) -
Total 5 - 17 $14M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (40%) 60M (100%)
Trade Sale 4 (40%) -
Secondary Sale 2 (20%) -
Total 10 $60M

Top M&A Advisors

Financial Deals
Prestwick Partners LLC
2
Flieller, Kruger, Skelton & Plyler, PLLC
1
Legal Deals
Perkins Coie LLP
1
Queen Saenz + Schutz PLLC
1

Deal Values

buy # Total
< $100M 1 $14M
TOTAL $14M
Largest Wohler Technologies, Inc.
$14M (2006-01-01)
sell # Total
< $100M 2 $60M
TOTAL $60M
Largest Solidscape, Inc.
$38M (2011-05-03)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
27%
3 27%
Strategic(s)
73%
8 73%

 Subscribe to unlock this and 157,997
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.0K Private Equity Firms
  • 146K M&A Transactions
  • 154K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 46K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.