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Hanover Partners
Hanover Partners is a San Francisco, California-based private equity firm founded in 1994. The firm has made 4 investments, including Lumenari in Series A on...
Hanover Partners
Hanover Partners is a San Francisco, California-based private equity firm founded in 1994. The firm has made 4 investments, including Lumenari in Series A on October 10, 2018. Hanover Partners has facilitated 7 portfolio exits, with Powertronix being their most recent exit on January 10, 2024.
General information
Firm type
Private Equity
Year founded
1994
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Andrew Ford
Founding Partner
John Palmer
Co-Founder
Aaron Aiken
Managing Partner
Vineet Varma
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Hanover Partners?
Day-to-day investment decisions sit with the partnership group: Founding Partner Andrew Ford, Managing Partner Aaron Aiken, Partner Vineet Varma, and Co-Founder John Palmer. The firm operates by consensus as a small, owner-operated private equity house, and the principals appear directly on portfolio-company boards. No formal investment committee structure is disclosed.
What investment stage and size does Hanover Partners target?
Hanover targets profitable, cash-flow-positive companies with at least $8 million in revenue and $1.5 million in operating income. The majority of its initial investments involve businesses generating under $30 million in sales — squarely lower middle-market manufacturing and engineered-products companies. It does not pursue pre-revenue startups.
Which sectors does Hanover Partners explicitly avoid?
Hanover does not invest in services-only businesses, retail, consumer brands, biotechnology, or pure-play software without a hardware or engineered-equipment component. Its portfolio shows consistent avoidance of asset-light models, concentrating instead on companies that own proprietary engineering, manufacturing IP, or specialized equipment fleets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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