Jensen Hughes Inc, a portfolio company of Huron Capital Partners LLC, has acquired Nexus Technical Services Corp as an add-on. No financial terms were disclosed. Nexus is a provider of severe accident management engineering solutions.
DETROIT, June 8, 2015 /PRNewswire/ — Huron Capital Partners LLC (“Huron”) announced today that its portfolio company, JENSEN HUGHES, Inc. (“JENSEN HUGHES”), has reached a merger agreement with Nexus Technical Services Corp. (“NEXUS”), marking the JENSEN HUGHES’ fourth deal since March 31.
As the largest provider of specialty engineering and consulting services, with combined revenues approaching $200 million and 800 employees, the merger of JENSEN HUGHES and Nexus will expand the technical resources available to provide engineering solutions to the nuclear energy industry as well as a broad range of fire protection engineering, code consulting and property risk management services to commercial occupancies including office, institutional and health care facilities.
“The addition of Nexus continues the expansion of service offerings that meet our goal of advancing the science of safety, both within the nuclear power and energy industries as well as with institutional and commercial occupancies in the non-power marketplace,” said Phil Rogers, JENSEN HUGHES CEO. “Nexus adds a solid history with respected staff possessing strong technical talents. While this represents our fourth acquisition of the year, we will continue to seek out strategic opportunities for adding additional talent and complementary service offerings.”
“One of our roles at Huron is to continue to bring resources to our portfolio companies through our buy-and-build approach. We believe Nexus brings strong technical support to help JENSEN HUGHES continue to meet the evolving needs in this industry,” said Nick Barker, Huron Partner.
About Huron Capital Partners
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its customized ExecFactorSM buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 100 companies, and its portfolio companies have employed over 7,500 people throughout North America. The Huron ExecFactorSM buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs and management buyouts of companies having revenues up to $200 million. Huron’s sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com.
About JENSEN HUGHES
JENSEN HUGHES, Inc. (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, risk-informed applications and engineering, probabilistic 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, visit jensenhughes.com.