Huron Capital Partners Completes Sale of ExecFactor® Initiative in Professional Services Sector

JENSEN HUGHES Tripled in Size Through Nine Add-On Acquisitions, Service Line Expansions and New Office Openings

08 Dec, 2015, 10:52 ET from Huron Capital Partners LLC

DETROIT, Dec. 8, 2015 /PRNewswire/ -- Huron Capital Partners LLC ("Huron Capital") today announced it has divested its interest in JENSEN HUGHES, Inc. ("JENSEN HUGHES") through a recapitalization transaction with Gryphon Investors, a San Francisco based private equity firm. Headquartered in Baltimore, MD, JENSEN HUGHES is the world's leading consulting firm specializing in fire protection engineering, code consulting, and related life safety services to commercial, institutional, and industrial facilities across a range of end markets, with 49 offices throughout North America, Asia and the Middle East.

Huron Capital first invested in the company in 2011, as part of an ExecFactor® initiative in the professional services sector.  Since that time, annual revenue has grown from $56 million to over $175 million, and the number of employees has quadrupled.  In partnership with Huron Capital, JENSEN HUGHES completed nine strategic add-on acquisitions, including the transformative 2014 merger of Hughes Associates, Inc. and The RJA Group to create JENSEN HUGHES.  The RJA Group merger was led by CEO Phil Rogers, a Huron Operating Partner. 

Rogers said, "JENSEN HUGHES has evolved into a global leader in specialty engineering services with financial, strategic and operational support provided by Huron Capital, as well as the remarkable drive and dedication of our management team and over 800 employees across the globe. During our tenure together, the JENSEN HUGHES team has benefited significantly from the ongoing support and guidance provided by the Huron Capital team.  The firm acted as our in-house corporate development department and led efforts that generated over 100 add-on opportunities that helped build this business from a US-centric model to a global fire protection engineering platform."

Brian Demkowicz, Managing Partner at Huron Capital, added, "We have enjoyed working closely with the JENSEN HUGHES team over the course of the last four years to build a truly great company. Through a series of highly strategic acquisitions coupled with organic growth initiatives in core market segments, JENSEN HUGHES has grown revenue and earnings significantly during our investment period. We believe we have created a business that is very well positioned for continued growth and success."

About Huron Capital Partners LLC

Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.1 billion in capital through four committed private equity funds and invested in over 100 companies, and our portfolio companies have employed over 7,500 people throughout North America. The Huron Capital ExecFactor® 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 Capital's sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com.

SOURCE Huron Capital Partners LLC



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