Jensen Hughes Acquires Stevenson & Associates

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May 5, 2016

BALTIMORE, MD – Jensen Hughes (the “Company”), the global market leader in fire protection engineering, fire code consulting and related life safety services, with specialized capabilities to provide risk informed analysis and consulting services for the nuclear power industry, announced that it has completed the acquisition of Stevenson & Associates (“S&A”). S&A is a leading provider of seismic and other risk and hazard engineering consulting services for the nuclear power industry and also offers structural, civil and mechanical engineering services for other high value and special performance facilities. Jensen Hughes is majority-owned by Gryphon Investors, a middle market private equity firm based in San Francisco, which purchased the Company in partnership with management in December 2015. Terms of this transaction were not disclosed.

The combination of Jensen Hughes and S&A brings together two leading firms in the nuclear power consulting industry and increases the technical expertise and resources available to provide risk assessment and other engineering consulting services to protect clients against unusual events, including earthquake, wind, blast, flood, thermal and vibration hazards. This acquisition will augment the engineering, probabilistic risk assessment and hazard services that Jensen Hughes provides to utility providers worldwide through the Company’s more than 60 offices in North America, Asia and the Middle East.

“We are very excited to have completed the strategic acquisition of S&A, which is one of the leading firms within the nuclear power engineering services industry and has an attractive niche presence in the non-energy marketplace,” stated Jensen Hughes CEO Phil Rogers. “S&A shares with Jensen Hughes a strong commitment to technical excellence while possessing innovative capabilities to address clients’ most complex needs. This acquisition adds an extremely talented group of engineers to the Jensen Hughes team and further strengthens our ability to provide life-cycle consultancy services to our global portfolio of clients.”

“The strategic vision and investment of both Jensen Hughes and Gryphon Investors coupled with the combined breadth of technical offerings, global office locations and commitment to expansion and growth, provides significant opportunities for our clients and staff,” added Walter Djordjevic, President of S&A.

Doug True, who leads Jensen Hughes’ Power Services Group, stated, “This combination is beneficial to both firms and enhances our capabilities in providing high quality solutions to our clients. Our combined talent and worldwide resources allow us to deliver a comprehensive suite of engineering services to the nuclear power industry.”