News

Technical Response Planning Corp. has been acquired by JENSEN HUGHES

HOUSTON, TEXAS (February 12, 2019) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Technical Response Planning Corporation (“TRP”) has been acquired by Jensen Hughes, a portfolio company of Gryphon Investors. Statesman served as the exclusive financial advisor to TRP throughout the transaction, which closed February 8, 2019.  

TRP provides emergency response management and business continuity planning through its proprietary cloud-based SaaS platform and software products. TRP serves a blue-chip customer base across the oil & gas, power, manufacturing and government sectors, which includes clients such as Chevron, Shell, BP, Monsanto and General Motors.

Jensen Hughes is a global leader in safety, security and risk-based engineering and consulting with offices throughout North America, Europe, Asia and the Middle East. Paul Orzeske, CEO, Jensen Hughes, commenting on the transaction with TRP said, “We continually hear from clients, especially in our most complex verticals, that implementing, and subsequently managing emergency response plans continues to be a challenge. TRP is a pioneer in this field and we are thrilled to be able to bring their expertise and capability to our clients and help support their continued growth.”

Steve Bassine, Founder and President of TRP said, “We have been extremely successful in serving our clients over the last 23 years and are now eager to join the Jensen Hughes team who can really help us make inroads into other heavily-regulated industries and geographies”. Mr. Bassine will continue to guide the growth of TRP and all TRP employees were retained by Jensen Hughes.

More information about the transaction can be found here: 

https://www.jensenhughes.com/jensen-hughes-adds-pioneer-emergency-planning-software-company-for-oil-gas-industry/

About the Transaction Participants
 
Technical Response Planning (“TRP”) is based in Houston, Texas, was founded in 1995. TRP has provided the energy industry with emergency planning, training and response consulting services since its inception. TRP specializes in delivering response plans for large, complex operations via its signature cloud-based software applications, SMARTPLANTM. and SMARTRESPONSETM. TRP develops response plans for any type of emergency, such as hurricanes, oil and chemical spills, and fires. TRP also provides streamlined emergency management and exercise tracking tools in addition to consulting, regulatory compliance, and business continuity planning.
 
JENSEN HUGHES’ engineers, consultants and scientists develop and deliver innovative and cost-effective solutions to a global client base involving fire protection systems design and analysis, code consulting, emergency management services, security consulting, forensic engineering, fire research, risk-informed applications, probabilistic risk assessments, development and testing, commissioning and construction services. Jensen Hughes is a portfolio company of Gryphon Investors, a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management teams.
 
Statesman Corporate Finance advised TRP in this transaction and is the FINRA licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Principal Walter Tomlinson and Analyst Nathan Hurst.

Haynes and Boone (Houston, TX) led by Partner George Y. Gonzalez provided legal counsel to TRP. 
Haynie & Company  (The Woodlands, TX) led by Bernard Abercrombie CPA, CFP provided accounting and tax counsel to TRP.
 
Moore & Van Allen (Charlotte, NC) led by Member Will S. Smoak, Jr. provided legal counsel to Jensen Hughes.