New York, NY – August 9, 2023 – Tenex Capital Management (“Tenex”) is pleased to announce an investment in Minuteman Security & Life Safety (“Minuteman”), an integrator and service provider of commercial security, fire, and life-safety systems.
Founded in 1988 and headquartered in Andover, MA, Minuteman is a provider of design, installation, integration, maintenance, and repair of video surveillance, access control, intrusion detection, emergency communications, fire, and license plate recognition systems predominately utilized in the education, healthcare, and municipal transit end-markets. With 11 locations across New England, Florida, and Central US, Minuteman is strategically positioned to support its multi-facility customers with industry leading response times and service levels.
Minuteman CEO, Joe Lynch, commented, “We are extremely pleased to partner with Tenex as we look to capitalize on Minuteman’s compelling growth potential through geographical expansion and entry into adjacent end-markets. Tenex is an ideal partner for us given their operational prowess, shared vision, and track record of success in executing upon accretive growth with companies in similar situations as Minuteman – we are thrilled to partner with them.”
Tenex Managing Director, Perrin Monroe, remarked, “The commercial security integration market has been a sector we’ve been pursuing for several years given the high-degree of value-add that integrators provide customers and suppliers alike and sound industry fundamentals we seek. We’ve secured a great partnership in Minuteman, Joe, and his leadership team where we together are well-positioned to accelerate on Minuteman’s growth potential.” Tenex Managing Director, Ron Lejman, added, “We look forward to leveraging the team’s expertise in customer-centric technology solutions to further expand Minuteman’s brand and market leadership.”
The transaction closed on August 2, 2023.
Minuteman Security & Life Safety, headquartered in Andover, Massachusetts, and founded in 1988, is a leading provider of enterprise security & life safety technology solutions. Minuteman’s services are utilized by a wide range of organizations throughout the United States. Minuteman’s wide-ranging client base includes high technology, law enforcement, critical infrastructure, defense, mass transit, large retail, academic institutions, public safety agencies, and healthcare institutions with locations throughout North America. For additional information, please visit www.minutemanst.com.
About Tenex Capital Management:
Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including diversified industrials, business and tech-enabled services, and healthcare. For additional information, please visit www.tenexcm.com.