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Completed Transactions > Engineering, Contracting & Construction > Code Unlimited Acquired By Jensen Hughes

Code Unlimited Acquired By Jensen Hughes

Code Unlimited


Jul 2022



We are pleased to share the sale of our client, Code Unlimited, LLC, to Jensen Hughes, Inc. (a holding of Gryphon Investors). The acquisition closed July 27, 2022.

Located in Beaverton, Oregon, Code Unlimited (CU) is a building code compliance consultant specializing in fire protection, accessibility, and hazardous materials. The company’s staff holds multiple licenses and certifications such as ICC, IBC, ADA, cASP, NFPA, Historical & Legacy Codes, Land Use and Zoning, Mass Timber, Seismic Analysis, DoD, and UFC regulations.

The company takes a collaborative and technology-based approach to develop custom solutions based on state-of-the-art technologies and comprehensive code knowledge.

CU helps customers navigate complex land use regulations and develops innovative solutions for challenging building code, fire protection, and accessibility requirements using performance-based and data-driven approaches. The company’s consulting services can be implemented at any stage of a construction project or applied to existing buildings.

CU’s team of architects, engineers, and code compliance specialists are able to offer solutions for non-compliant structures, as well as work with architects to ensure new construction projects are designed with all potential issues identified and addressed.

Jensen Hughes (JH), headquartered in Baltimore, Maryland, has offices located throughout the U.S., Canada, Europe, Australia, Asia, and the Middle East. JH is the global leader in engineering, consulting and technology that make the world safe, secure and resilient. Worldwide, they are recognized most widely for leadership in fire protection engineering – a legacy of responsibility advanced with honor and pride since 1939.

The company’s commitment to safety, security and resilience extends to other critical competencies core to their purpose, strategic capabilities they have been expanding for years. These include accessibility consulting, risk and hazard analysis, process safety, forensic investigations, security risk, and emergency management as well as digital innovation across many of their services.

Today, JH’s 1,500+ engineers, consultants, analysts and strategists work from 90+ offices supporting clients in 100+ countries across all markets – from Government, Healthcare, Science, and Technology to Energy, Mission Critical and Transportation.

Based in San Francisco, California, Gryphon Investors (Gryphon) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $8.3 billion of equity investments and capital since 1997. Gryphon makes equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million.

Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Sr. Managing Director Mergers & Acquisitions, Fred Zweifel, with the support of Sr. Managing Director - Western Region, Lori Galloway, successfully closed the transaction. Senior Managing Director Ashok Tandon established the initial relationship with Code Unlimited.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Engineering, Contracting & Construction M&A Deals page.