Huron Capital's Specialty Engineering Platform Closes Seventh Deal
Deal expands JENSEN HUGHES' nuclear power and energy capabilities
DETROIT, May 6, 2015 /PRNewswire/ -- Huron Capital Partners LLC ("Huron") announced today that its portfolio company, JENSEN HUGHES, Inc. ("JENSEN HUGHES"), has merged with Walnut Creek, California-based ERIN Engineering and Research, Inc. ("ERIN"). The merger is the platform's seventh deal and enhances the position of the combined organization as a global leader providing risk and specialty consulting services for the nuclear power and energy industry.
The combination of JENSEN HUGHES and ERIN is the nation's largest provider of specialty engineering and consulting services, with combined revenues exceeding $150 million and more than 700 employees. This will expand the expertise and global resources available to provide risk-informed applications and engineering, external hazards analysis, probabilistic risk assessments, emergency response and fire protection program development including systems analysis, design and audits, life safety code consulting and industry specific software development and regulatory support services.
"The combination of the two companies extends our reach into the nuclear power and energy industries and represents a growing force in providing probabilistic risk assessment and risk management consulting services for clients all over the world," said Phil Rogers, JENSEN HUGHES CEO. "We are always interested in increasing value to our firm and clients by adding technical talent and complementary service offerings. ERIN has earned a reputation for providing probabilistic risk assessment services as well as respected staff with impressive technical capabilities."
Huron originally invested in JENSEN HUGHES (then known as Hughes Associates) in May 2011, and was attracted to its market-leading position in the fire protection engineering specialty and ability to serve as a platform for growth.
"This is now a global company of engineers, consultants and scientists who advance the science of safety every day. With its technical expertise, we believe the newly combined firm is perfectly positioned to offer the nuclear power industry the services and talent needed to meet their safety and protection challenges around the world," said Peter Mogk, Huron Senior 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 90 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. The company's 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 410.737.8677 or visit jensenhughes.com.
SOURCE Huron Capital Partners LLC
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