Gryphon Investors has recapitalized Baltimore-based Jensen Hughes, a provider of specialty engineering services. No financial terms were disclosed for the transaction that was done in partnership with company management.
BALTIMORE–(BUSINESS WIRE)–JENSEN HUGHES (the “Company”), the global leader in specialty engineering consulting for the built environment, is pleased to announce the recapitalization of the company by management and Gryphon Investors (“Gryphon”), a leading middle-market private equity firm based in San Francisco.
JENSEN HUGHES, headquartered in Baltimore, has rapidly grown revenue to approximately $180 million and has a dedicated employee base of 875 engineers, consultants, scientists, and support staff in over 40 offices throughout the world.
Gryphon is focused on growing middle-market companies in partnership with talented management teams and has a strong record of successful investments in the engineering services sector. Gryphon has been actively following JENSEN HUGHES for several years and believes that the Company fulfills four key investment criteria: 1) market leadership; 2) a strong management team; 3) differentiation and mission-critical service offerings with strong global brand recognition/reputation; and 4) multiple business building opportunities.
Gryphon will provide JENSEN HUGHES with substantial new investment capital and business expertise. This will enable JENSEN HUGHES to continue providing clients with innovative safety solutions through a growing global network of technical experts while offering an unmatched scope of specialty engineering services.
According to JENSEN HUGHES CEO Phil Rogers, the partnership with Gryphon is a perfect match for the Company’s next stage of growth. Phil said “JENSEN HUGHES has the most talented team of technical professionals in our profession and our mission is advancing the science of safety. In order to accomplish this goal for every client on every project anywhere in the world, we need the financial backing and professional expertise an investment leader like Gryphon can provide.”
Financial terms of the transaction were not made public.
About JENSEN HUGHES
JENSEN HUGHES is the global leader in specialty engineering consulting services for the built environment. Our engineers, consultants and scientists develop innovative and cost effective solutions involving fire protection systems design and analysis, code consulting, hazard and risk assessments, forensic engineering, fire research, development and testing, commissioning and security services. Operating from offices in North America, Asia and the Middle East, JENSEN HUGHES consulting teams participate on projects around the world. For more information, call +1 410-737-8677 or visit jensenhughes.com.
About Gryphon Investors
Gryphon Investors is a highly respected private equity firm with more than $1 billion in cumulative equity commitments focused on middle-market investment opportunities. Backed by the team’s deep operational expertise and a focused industry investment strategy, Gryphon Investors has delivered exceptional results for all stakeholders. Since its founding in 1995, Gryphon Investors has partnered with the management teams of middle-market companies, making investments of $35 million to $100 million, and working together to build market leadership positions. The company is based in San Francisco. For more information, call: +1 415-217-7400 or visit gryphon-inv.com.