Huron Exits its Investment in JENSEN HUGHES

Detroit, MI – December 8, 2015 – Huron Capital Partners LLC (”Huron Capital”) today announced it has divested its interest in JENSEN HUGHES, Inc. (“JENSEN HUGHES”) through a recapitalization transaction with Gryphon Investors, a San Francisco based private equity firm. Headquartered in Baltimore, MD, JENSEN HUGHES is the world’s leading consulting firm specializing in fire protection engineering, code consulting, and related life safety services to commercial, institutional, and industrial facilities across a range of end markets, with 49 offices throughout North America, Asia and the Middle East.

Huron Capital first invested in the company in 2011, as part of an ExecFactor® initiative in the professional services sector.  Since that time, annual revenue has grown from $56 million to over $175 million, and the number of employees has quadrupled.  In partnership with Huron Capital, JENSEN HUGHES completed nine strategic add-on acquisitions, including the transformative 2014 merger of Hughes Associates, Inc. and The RJA Group to create JENSEN HUGHES.  The RJA Group merger was led by CEO Phil Rogers, a Huron Operating Partner.

Rogers said, “JENSEN HUGHES has evolved into a global leader in specialty engineering services with financial, strategic and operational support provided by Huron Capital, as well as the remarkable drive and dedication of our management team and over 800 employees across the globe. During our tenure together, the JENSEN HUGHES team has benefited significantly from the ongoing support and guidance provided by the Huron Capital team.  The firm acted as our in-house corporate development department and led efforts that generated over 100 add-on opportunities that helped build this business from a US-centric model to a global fire protection engineering platform.”

Brian Demkowicz, Managing Partner at Huron Capital, added, “We have enjoyed working closely with the JENSEN HUGHES team over the course of the last four years to build a truly great company. Through a series of highly strategic acquisitions coupled with organic growth initiatives in core market segments, JENSEN HUGHES has grown revenue and earnings significantly during our investment period. We believe we have created a business that is very well positioned for continued growth and success.”

Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.