Babson Capital Management has provided subordinated debt and made an equity co-investment to support Fort Point Capital’s investment in Engineering Planning and Management.
Babson Capital was the sole provider of subordinated debt on the transaction. Fort Point Capital made the investment in Engineering Planning and Management (EPM) in partnership with company founder Wade Larson and EPM’s management team led by CEO Robert Kalantari.
EPM is a provider of engineering, consulting, probabilistic risk assessment, fire protection services, and 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 through mission critical software and professional engineering services. The company has provided services to the majority of the nuclear power facilities across the US and Canada. EPM was founded in 1980 and is headquartered in Framingham, MA (www.epm-inc.com).
“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.”
Babson Capital has $183 billion in assets under management and is a member of the MassMutual Financial Group. The firm has offices in Boston and Springfield, MA; New York, Chicago, Charlotte and Los Angeles, and nine other offices in Europe, Asia and Australia (www.BabsonCapital.com).
“EPM has built a strong leadership position in the US 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.”
Fort Point Capital invests from $5 to $25 million in service-oriented, lower middle market companies across a range of sectors, including business services, healthcare, consumer, and software and information. Fort Point Capital is currently investing from FPC Small Cap Fund I. The firm is based in Boston (www.fortpointcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-10-13
