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INNOVION Corp.
INNOVION Corp. was established as a single-family office by Mohammad H.
INNOVION Corp.
INNOVION Corp. was established as a single-family office by Mohammad H. Ghasemi, who served as Chairman, President, and CEO of Air Products & Chemicals from 1996 until his retirement in 2022. Under his leadership, Air Products grew into a $50 billion market-cap global leader in industrial gases, with a strong focus on hydrogen and clean energy. The family office's wealth origin is rooted in his tenure and equity compensation at the publicly traded company (per Air Products & Chemicals filings, 2022). The firm's investment strategy centers on industrial technology, energy transition, and renewable energy, reflecting Ghasemi's deep domain expertise. INNOVION likely pursues direct investments and co-investments in manufacturing, clean hydrogen, and other industrial sectors, though specific portfolio companies or deal sizes have not been publicly disclosed. The geographic focus is primarily North America, with potential look-through to global industrial markets given Air Products' international footprint. Team size and additional offices remain undisclosed. The firm appears to operate with a lean, internal team, consistent with many single-family offices that manage capital originating from a single industrial fortune. Recent activity is not publicly available, but the office's establishment post-Ghasemi's retirement from Air Products in 2022 suggests a structure to manage and deploy family wealth independently (per public record, 2022). INNOVION's structural differentiator is its direct alignment with an industrial operator's playbook — Ghasemi ran a $50B enterprise and understands capital-intensive, long-cycle industrial investments. This is not a financial-sponsor family office; it is a vehicle that translates operational credibility into industry-specific deployment, a model more common among founder-led industrial families than among finance-derived wealth.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Jose
Corporate office
San Jose, CA, United States
Principals
Mohammad H. Ghasemi
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at INNOVION Corp.?
Mohammad H. Ghasemi, as chairman, holds ultimate authority. He was formerly Chairman, President, and CEO of Air Products & Chemicals, a Fortune 500 industrial gases company. Investment decisions are likely made by Ghasemi and a small internal team, relying on his decades of industrial M&A and capital allocation experience.
How does INNOVION source proprietary deal flow?
As a single-family office with origins in industrial manufacturing, INNOVION likely leverages Ghasemi's network from his 26-year tenure at Air Products & Chemicals. This includes relationships with industrial operators, technology partners, and energy companies, providing direct access to deals not available through traditional financial intermediaries.
Is INNOVION structured as a pure single-family office or does it operate more like a venture firm?
INNOVION Corp. operates primarily as a single-family office. It does not appear to raise external capital or market itself as a venture fund. Its structure is designed to manage and grow the wealth of the Ghasemi family through industrial and energy-focused direct investments, not through a fund management model.
What investment stages does INNOVION typically target?
Given Ghasemi's background as a public company CEO, the firm likely targets mature industrial companies, growth-stage capital, or strategic acquisitions rather than early-stage venture. It may pursue majority or significant minority stakes in businesses where operational improvements can be driven.
Does INNOVION maintain philanthropic structures, and how are they separated?
While Ghasemi has been personally involved in philanthropy through Air Products' corporate giving and as a trustee at Lehigh University, no separate foundation or charitable vehicle is formally disclosed under INNOVION Corp. The family office appears focused solely on investment activities, with personal philanthropy likely managed independently.
What is INNOVION's known posture on co-investments alongside external GPs?
INNOVION is not publicly known for co-investing alongside external general partners. Given its scale and operator background, it may prefer direct control or majority positions in industrial companies, rather than passive minority stakes in funds. No verified co-investment activity is recorded.
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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