Babson Capital Management said Monday that it provided subordinated debt and equity as part of Fort Point Capital’s investment in Engineering, Planning and Management. No financial terms were disclosed. Based in Framingham, Mass., EPM is a provider of engineering consulting, probabilistic risk assessment, fire protection services and software solutions to the nuclear power industry and other commercial customers.
SPRINGFIELD, Mass. (Sept. 9, 2013) – Babson Capital Management LLC, a global investment management firm with more than $182 billion in assets under management and operations on four continents, today announced it provided subordinated debt and made an equity co-investment to support Fort Point Capital’s investment in Engineering Planning and Management Inc. (EPM).
Babson Capital was the sole provider of subordinated debt on the transaction. Fort Point Capital made the investment in EPM in partnership with company founder Wade Larson and EPM’s management team led by CEO Robert Kalantari.
EPM, founded in 1980 and based in Framingham, Mass., is a leading provider of engineering consulting, probabilistic risk assessment, fire protection services and specialized, unique software to the nuclear power industry and other commercial customers. The company’s products and services address the safety challenges faced by nuclear power generation facilities on a global basis through mission-critical software and professional engineering services. The company’s engineers rely on EPM’s proprietary software solution combined with an extraordinarily detailed amount of facility information to assess, plan, and implement solutions for improvement and/or regulatory compliance.
“Babson Capital has been a valued partner to Fort Point’s principals on investments for well over a decade, and we were delighted to work with the Babson Capital team on the investment in EPM, ” said Fort Point Capital Partner Brooke Ablon. “With its deep experience in middle-market finance, its responsiveness and its relationship-oriented approach, Babson Capital was a great partner for Fort Point on this transaction.”
“EPM has built a strong leadership position in the U.S. market over the past three decades and is well positioned to leverage international growth opportunities with its breadth of regulatory expertise, expertise in nuclear fire safety and the quality of its engineering staff and software,” said Mike Klofas, Managing Director and head of the Mezzanine & Private Equity Group for Babson Capital. “Babson Capital is proud to partner with Fort Point on its investment in EPM and we look forward to working with Brooke and his team on future investments soon.”
About Fort Point Capital
Based in Boston, Mass., Fort Point Capital is a private equity firm that invests in lower middle-market service-oriented companies, in partnership with strong management teams. For more information, visit www.fortpointcapital.com.
About Babson Capital Management LLC
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have $182.9 billion in assets under management as of June 30, 2013. Through proprietary research, analysis and a focus on investment fundamentals, we develop products and strategies that leverage our broad expertise in fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate. Based in Boston and Springfield, Mass., and Charlotte, N.C., with offices in New York City and Los Angeles, the firm’s subsidiaries include Babson Capital Europe Limited in London, Babson Capital Australia Pty Ltd in Sydney, Cornerstone Real Estate Advisers LLC in Hartford, Conn., and Wood Creek Capital Management, LLC in New Haven, Conn. Babson Capital is a member of the MassMutual Financial Group.