Jensen Hughes, a portfolio company of Huron Capital Partners, has just completed two add-on acquisitions with the buys of ERIN Engineering and Research, and Sereca Consulting. These transactions represent the sixth and seventh add-on acquisitions completed by Huron since it acquired the Jensen Hughes platform (then known as Hughes Associates) in May 2011.
Today, Jensen Hughes is provider of fire protection engineering and consulting services that includes building and fire code consulting, fire protection design services, nuclear and power consulting, and litigation support. The company’s clients include government and commercial entities operating primarily in the nuclear power, education, and healthcare sectors. Jensen Hughes is headquartered in Baltimore (www.jensenhughes.com).
ERIN Engineering and Research is headquartered near San Francisco in Walnut Creek, CA (www.erineng.com) and Sereca Consulting is headquartered in Vancouver, BC with additional offices in Toronto, Calgary, and Singapore (www.Sereca.com). With the completions of these two add-ons, Jensen Hughes now has nearly 700 employees and annual revenues approaching $150 million.
The acquisition of Sereca continues Jensen Hughes’ expansion into the Canadian and Southeast Asian marketplace. “While our recent growth cycle has been exciting, we need to continue adding talent and complementary service offerings. Sereca brings to our company a solid reputation in both Canada and Singapore, as well as respected staff with strong technical talents,” said Jensen Hughes CEO, Phil Rogers.
The complete list of add-on acquisitions for Jensen Hughes is as follows: (1) Sereca Consulting (Vancouver, BC) May 2015; (2) ERIN Engineering and Research (Walnut Creek, CA) May 2015; (3) Randal Brown & Associates Engineering (Toronto, CA) April 2015; (4) Rolf Jensen & Associates (Chicago, IL) June 2014; (5) Kodiak Fire & Safety (Ft. Wayne, IN) October 2013; (6) Anoba Consulting Services (Raleigh, NC) December 2012; and (7) Edan Engineering (Vancouver, WA) November 2011.
“Jensen Hughes 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.
Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food & beverage, and marketing services. The firm was founded in 1999 and currently manages over $1.1 billion in committed equity through four private equity funds. Huron Capital Partners has offices in Detroit and Toronto (www.huroncapital.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-7-15
