Minuteman Security & Life Safety has been acquired by Tenex Capital Management
Prospect Partners has sold Minuteman Security & Life Safety, a premier integrator and service provider for enterprise-scale security and life safety systems encompassing video surveillance, access control, fire alarm, mass communication and license plate recognition technology, to Tenex Capital Management.
Across its core New England and Florida markets and an expanding super-regional footprint, Minuteman designs, implements, maintains and upgrades best-of-breed security and fire protection systems for entrenched customers in the education, healthcare, public transit, law enforcement and other life safety-oriented end markets.
Investing out of a US$1.2 billion fund, Tenex Capital Management is an operations-oriented middle-market private equity firm focused on business services, industrials and healthcare.
Prospect Partners is a leading investor in pre middle-market businesses, partnering with management to accelerate growth via operational improvements and acquisitions.
Oaklins TM Capital in the US served as the exclusive financial advisor to Minuteman Security & Life Safety, a portfolio company of Prospect Partners, in its sale to Tenex Capital Management. The sale of Minuteman represents Oaklins TM Capital’s fourth successful exit for Prospect Partners.
Brett Holcomb
Partner, Prospect Partners
Talk to the deal team
David M. Felts
Oaklins TM Capital
Jordan Cleare
Oaklins TM Capital
Related deals
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreLargest AIM IPO in the business support services sector over the past five years has been completed
MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.
Learn moreChequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.
Learn more