BALTIMORE — Jensen Hughes announced on Monday the recapitalization of the company by management and Gryphon Investors.
Jensen Hughes, based in Baltimore, has grown revenue to approximately $180 million, according to the company, and has an employee base of 875 engineers, consultants, scientists and support staff in more than 40 offices in the world.
Gryphon, based in San Francisco, is focused on growing middle-market companies in partnership with management teams. Gryphon has been following Jensen Hughes for years and believes the company fulfills four investment criteria:
- Market leadership
- Strong management team
- Differentiation and mission-critical service offerings with strong global brand recognition/reputation
- Multiple businesses building opportunities
Gryphon will provide Jensen Hughes with new investment capital and business expertise which will enable Jensen Hughes to continue providing clients with safety solutions through a growing global network of technical experts while offering a scope of specialty engineering services.
“Jensen Hughes has the most talented team of technical professionals in our profession and our mission is advancing the science of safety,” said Phil Rogers, Jensen Hughes CEO. “In order to accomplish this goal for every client on every project anywhere in the world, we need the financial backing and professional expertise an investment leader like Gryphon can provide.”
Financial terms of the transaction were not made public.
