Gryphon Investors agreed on 5 August to sell Jensen Hughes, a global fire protection, nuclear risk engineering and safety consulting firm, to New Mountain Capital.
Why New Mountain Capital is buying Jensen Hughes
Jensen Hughes chief executive Raj Arora said New Mountain shares the company's view of its capabilities and opportunities and would bring experience and resources to help it grow. Trade press reported that New Mountain plans to appoint Dr Hisham Mahmoud as chairman after closing.
Deal terms and financing
Financial terms were not disclosed.
Regulatory approvals and timing
The transaction is subject to customary closing conditions, including regulatory approvals.
Market context
Jensen Hughes traces its roots to 1939 and offers code consulting, systems design, risk analysis, process safety, laboratory testing and emergency management. Under Gryphon it expanded through organic growth and acquisitions.
