PE  Hanover Partners

     Office Locations:

425 California St., Suite 2000
San Francisco, CA 94104
Phone: 415-788-8680

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  • Middle Market



  • Business Services
  • Consumer Products & Services
  • Manufacturing & Industrial
  • Software & Internet



    Founded in 1994, Hanover acquires U.S. based middle market companies with operating earnings of at least $2 million. The firm prefers to invest in companies with consistently historical, profitable revenues from $8-$60 million, EBITA of $1.5 million-$8 million and EBITA margins of at least 10%. Gross Margins over 25%, indicating strong market position & differentiated products. Hanover has invested in 14 companies in a variety of industries and prefers proprietary product manufacturers or process-oriented service companies generally focused on business customers and market and niche consumer products.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Silicon Valley Database subscription.
    Aaron C. Aiken Principal
    Andrew N. Ford Co-Founder and Principal
    John E. Palmer Co-Founder and Principal


    Recent Funding Events (trailing 12 months):










      Series A


    Portfolio companies include:

      Audio Precision
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      Consolidated Equipment Group
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      Handi Quilter
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      Pyramid Technologies
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      Wohler Technologies
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    Recent News: