AGFA Partners vs Hennepin Partners
Comparing two boutique M&A advisors · Last updated April 21, 2025
| Attribute | AGFA Partners | Hennepin Partners |
|---|---|---|
| Type | Industry specialist | Boutique |
| HQ | Boston, MA | Minneapolis, MN |
| Founded | 2015 | 2010 |
| Sector focus | Food, Ag | Industrials, Food, Ag |
| Deal size | $10M-$200M | $15M-$200M |
| Senior team |
|
|
| Rating | Locked | Locked |
| Reviews | 0 verified | 0 verified |
Choosing between AGFA Partners and Hennepin Partners
AGFA Partners and Hennepin Partners both work in Food, Ag. Founders running a sell-side process in those categories often see both names on their advisor longlist, which is why this comparison comes up. AGFA Partners is a industry specialist while Hennepin Partners is a boutique, so the underlying business models differ even where the sector coverage overlaps.
AGFA Partners is headquartered in Boston, MA and was founded in 2015, while Hennepin Partners operates out of Minneapolis, MN and was founded in 2010. Geography matters here: AGFA Partners's Boston relationships and Hennepin Partners's Minneapolis relationships will overlap on national strategics but diverge on the regional private equity buyer set most likely to push price. On deal-size focus, AGFA Partners states $10M-$200M while Hennepin Partners states $15M-$200M. Beyond shared coverage, AGFA Partners also reaches into adjacent categories, while Hennepin Partners extends into Industrials.
For founders deciding between AGFA Partners and Hennepin Partners, the honest recommendation is to take a working session with each named partner before signing. Read the firm-level reviews on BankerNotes for the pattern that matters most: did the partner who pitched the mandate run the buyer calls and final negotiations, or did the work slide down the org chart by week six. That pattern, more than league-table position, is what separates a good outcome from a mediocre one.
AGFA Partners is a industry specialist headquartered in Boston, MA and founded in 2015. The firm focuses on Food, Ag and typically advises on transactions in the $10M-$200M range. Key dealmakers include Roger Voigt (Mana...
Hennepin Partners is a boutique headquartered in Minneapolis, MN and founded in 2010. The firm focuses on Industrials, Food, Ag and typically advises on transactions in the $15M-$200M range. Key dealmakers include Brian ...
Frequently asked questions
- What is the main difference between AGFA Partners and Hennepin Partners?
- AGFA Partners is a industry specialist HQ'd in Boston, MA (founded 2015), focused on Food, Ag, with a typical deal range of $10M-$200M. Hennepin Partners is a boutique HQ'd in Minneapolis, MN (founded 2010), focused on Industrials, Food, Ag, with a typical deal range of $15M-$200M. Beyond those facts, the most reliable differentiator is senior banker attention, which BankerNotes reviews are designed to surface.
- Which firm has better founder reviews, AGFA Partners or Hennepin Partners?
- AGFA Partners's current rating is Locked (reviews unlock after five verified founders submit ratings). Hennepin Partners's current rating is Locked (reviews unlock after five verified founders submit ratings). Read the individual firm profiles for the full review breakdown.
- Should I shortlist both AGFA Partners and Hennepin Partners?
- For most founders evaluating sell-side advisors with overlapping sector and deal-size fit, putting both on a shortlist is reasonable. The point of a bake-off is to test how the senior team behaves under pressure, how the firm shapes the buyer universe, and how it handles a difficult diligence question. Treat the shortlist as an interview, not a beauty contest.
- How does BankerNotes verify reviews of AGFA Partners and Hennepin Partners?
- Every review is submitted by a founder who confirms they hired the firm as their sell-side advisor. We verify the reviewer privately using work email, LinkedIn, and approximate engagement timing. The verified identity is never published. Only the rating, written review, and a generic sector label appear on the public page.
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Last updated: April 21, 2025