Jensen Hughes set to be acquired

Acquisition will support Jensen Hughes’ global expansion, engineering capabilities and strategic growth, with Dr. Hisham Mahmoud set to become chairman

New Mountain Capital has entered into a definitive agreement to acquire Jensen Hughes, a global fire protection engineering and nuclear risk engineering firm, from Gryphon Investors.

Alongside the acquisition, New Mountain announced plans to appoint Dr. Hisham Mahmoud as Chairman of the Board once the transaction closes. Dr. Mahmoud currently serves as a Senior Advisor at New Mountain, where he supports the firm’s infrastructure services investment strategy.

The investment firm said it has followed Jensen Hughes for more than a decade as part of its focus on infrastructure services and engineering and consulting businesses. It said the acquisition will support the company’s continued global growth, investment in technical capabilities and strategic acquisitions.

Raj Arora, Chief Executive Officer of Jensen Hughes, said: “Jensen Hughes has built a highly differentiated global platform defined by our company culture, technical excellence, deep client relationships and an unwavering purpose of making our world safe, secure & resilient.

“New Mountain has extensive experience building leading engineering and consulting businesses and has developed a deep understanding of Jensen Hughes and our markets over many years. We are excited to partner with the New Mountain team as we continue investing in our people, expanding our capabilities, advancing our industry and helping clients address increasingly complex safety and regulatory requirements.”

Dr. Mahmoud added: “Jensen Hughes is a clear global leader in fire protection engineering, with exceptional professionals who play a meaningful role in shaping the codes and standards that govern the industry.

“Raj and his team have built an outstanding company and culture, and I am honored to play a role in the next phase of Jensen Hughes’ impressive growth journey.”

Lars Johansson, Managing Director at New Mountain, said: “We have followed Jensen Hughes for more than a decade as part of New Mountain’s longstanding sector effort in infrastructure services and engineering & consulting, and we are proud to partner with Raj and the broader Jensen Hughes team.”

Nate Gery, Director at New Mountain, added: “We look forward to supporting the Company’s continued growth through investment in its people, capabilities, and strategic acquisitions.”

New Mountain said the acquisition reflects its continued investment in engineering and consulting businesses that provide mission-critical infrastructure services, with Jensen Hughes expected to expand its technical expertise and international presence under the firm’s ownership.

Financial terms of the transaction were not disclosed. The acquisition is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions.