M&A Deal Summary

Gryphon Investors Acquires JENSEN HUGHES

On December 8, 2015, private equity firm Gryphon Investors acquired safety/security company JENSEN HUGHES, Inc. from Huron Capital and Midwest Mezzanine Funds

Acquisition Highlights
  • This is Gryphon Investors’ 3rd transaction in the Safety/Security sector.
  • This is Gryphon Investors’ 35th transaction in the United States.
  • This is Gryphon Investors’ 2nd transaction in Maryland.

M&A Deal Summary

Date 2015-12-08
Target JENSEN HUGHES, Inc.
Sector Safety/Security
Buyer(s) Gryphon Investors
Sellers(s) Huron Capital
Midwest Mezzanine Funds
Deal Type Recapitalization
Advisor(s) Moelis & Co. (Financial)
Honigman Miller Schwartz and Cohn LLP (Legal)

Target

JENSEN HUGHES, Inc.

Baltimore, Maryland, United States
website
JENSEN HUGHES, Inc. is a consulting firm specializing in fire protection engineering, fire code consulting and related life safety services in commercial, institutional, and industrial facilities.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $25 to $50 million equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 35 of 73
Sector (Safety/Security) 3 of 4
Type (Recapitalization) 6 of 7
State (Maryland) 2 of 4
Country (United States) 35 of 72
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Dessert Holdings

St. Paul, Minnesota, United States

Dessert Holdings is a dessert company, recognized for providing its retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible and low-cost supply chain, and best-in-class service. It is an umbrella organization of three premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia. Dessert Holdings is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 Washing Systems LLC

Loveland, Ohio, United States

Washing Systems LLC,is a provider of chemical and technical services for the commercial laundry processing sector. Kao creates high-value-added products that enrich the lives of consumers around the world. Through its portfolio of over 20 leading brands such as Jergens, John Frieda, Molton Brown, Oribe, Attack, Bioré, Goldwell, Kanebo, Laurier, Merries and Kao is part of the everyday lives of people in Asia, Oceania, North America and Europe.

Buy -

Seller(S) 2

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 21 of 31
Sector (Safety/Security) 1 of 3
Type (Recapitalization) 1 of 1
State (Maryland) 1 of 1
Country (United States) 19 of 28
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Bloomer Plastics, Inc.

Bloomer, Wisconsin, United States

Bloomer Plastics, Inc. is a manufacturer of custom cast embossed and blown film structures across a range of end markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Drake Automotive Group, Inc.

Henderson, Nevada, United States

Drake Automotive Group, Inc. is a manufacturer and marketer of auto parts and components in Nevada.

Buy -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 750M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 33 of 50
Sector (Safety/Security) 1 of 2
Type (Recapitalization) 1 of 2
State (Maryland) 1 of 2
Country (United States) 32 of 49
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 L.W. Allen, Inc.

Madison, Wisconsin, United States

L.W. Allen manufactures water and wastewater control systems and distributes industrial and heavy-duty pumps to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software, and services used by operators to control water and wastewater systems. It also designs, distributes, installs, and services water and wastewater treatment pump systems. L.W. Allen was formed in 1961 and is based in Madison, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Circuit Check, Inc.

Maple Grove, Minnesota, United States

Circuit Check, Inc. is a provider of an electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1978 and is based in Maple Grove, Minnesota.

Buy -