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Announced

Completed

Tenex Capital Management completed the acquisition of Minuteman Security Technologies from Prospect Partners.

Synopsis

Tenex Capital Management, an operations-oriented middle market private equity firm focused on business services, industrials and healthcare, completed the acquisition of Minuteman Security Technologies, an integrator and service provider for enterprise-scale security & life safety systems encompassing video surveillance, access control, fire alarm, mass communication and license plate recognition technology, from Prospect Partners, an investor in pre-middle market businesses. Financial terms were not disclosed. “In our fourth transaction to date, TM Capital continues to raise the bar and exceed our lofty expectations. In the sale of Minuteman to Tenex, TM Capital successfully articulated a compelling and nuanced story, executed a robust and efficient process and displayed a deep understanding of the underlying trends fueling growth in the security integration category. TM Capital was the ideal advisor for this transaction, and we are thrilled with the outcome,” Brett Holcomb, Prospect Partners Partner.

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