Edan Engineering Add-On Bolsters Nuclear Fire Protection Capabilities
Huron Capital Partners LLC announced today that its portfolio company, Hughes Associates, Inc. (“Hughes”), has acquired Edan Engineering Corporation (“Edan”), a prominent provider of electrical engineering services to the nuclear power and military markets. Edan specializes in electrical systems analysis, evaluation, testing and research in critical infrastructure environments such as nuclear power facilities and military bases. Prior to the acquisition, Edan had been a key strategic partner to Hughes providing support for Hughes’ Kleinsorg Group Risk Services division (“Kleinsorg”) in the area of safe-shutdown analysis for nuclear power plants. The transaction brings Edan and Kleinsorg together and expands Hughes’ capabilities in fire protection in the nuclear power market.
Liz Kleinsorg, Managing Director of Hughes’ Kleinsorg division, noted that, “We are thrilled to be taking our long-standing partnership with Edan to the next level. The combination of Edan with Kleinsorg brings together two leaders in the nuclear fire protection market, and provides us with additional capabilities to continue our growth.” Phil DiNenno, CEO of Hughes, added, “We believe that Edan will be the first of several strategic acquisitions that we will pursue in partnership with Huron, and we are grateful for their role in helping us execute on this growth initiative.”
Huron originally invested in Hughes in May 2011, and was attracted to Hughes’ market leading position in the fire protection engineering market and ability to serve as a platform for growth. “When we invested in Hughes, our plan was to build the business partly through strategic acquisitions. We are pleased that within six months of our initial investment we have started to deliver on that plan through the Edan acquisition. We look forward to pursuing additional opportunities with Phil DiNenno and the rest of the Hughes management team,” said Huron Partner Peter Mogk.