M&A Deal Summary

Tenex Capital Management Acquires Minuteman Security and Life Safety

On August 9, 2023, private equity firm Tenex Capital Management acquired safety/security company Minuteman Security and Life Safety from Prospect Partners

Acquisition Highlights
  • This is Tenex Capital Management’s 3rd transaction in the Safety/Security sector.
  • This is Tenex Capital Management’s 46th transaction in the United States.
  • This is Tenex Capital Management’s 4th transaction in Massachusetts.

M&A Deal Summary

Date 2023-08-09
Target Minuteman Security and Life Safety
Sector Safety/Security
Buyer(s) Tenex Capital Management
Sellers(s) Prospect Partners
Deal Type Secondary Buyout

Target

Minuteman Security and Life Safety

Andover, Massachusetts, United States
Minuteman Security and Life Safety is a provider of security technology solutions to enterprise organizations in a variety of markets, including transportation, higher education, healthcare, industrial/commercial, and municipal. Minuteman Security and Life Safety was established in 1988 and is based in Andover, Massachusetts.

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Buyer(S) 1

Buyer

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 46 of 49
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 15 of 16
State (Massachusetts) 4 of 4
Country (United States) 46 of 49
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 360 Fire & Flood

Southfield, Michigan, United States

360 Fire & Flood is a multi-regional provider of disaster mitigation, restoration, and structure cleaning services to the commerical and residential market with a focus on multi-family, student housing, and senior living facilities. 360 Fire & Flood was founded in 2019 and is based in Southfield, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Columbia Home Services

North Richland Hills, Texas, United States

Columbia Home Services platform focuses on acquiring residential HVAC, plumbing, and electrical services companies to become a leading super-regional provider of essential home services across the full lifecycle of home ownership, focusing on repair, maintenance, replacement, and installation services throughout the US. Columbia Home Services is based in North Richland Hills, Texas.

Buy -

Seller(S) 1

SELLER

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 37
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 14 of 14
State (Massachusetts) 3 of 3
Country (United States) 37 of 37
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 CCS

Minnetonka, Minnesota, United States

CCS is a provider of technology-enabled outsourced virtual receptionist and inbound communication customer service solutions. CCS is based in Minnetonka, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Warren Roofing & Insulating

Walton Hills, Ohio, United States

Warren Roofing & Insulating is a roofing services provider primarily serving the public, industrial, healthcare, higher education, and commercial end markets. Warren Roofing & Insulating was founded in 1922 and is based in Walton Hills, Ohio.

Buy -