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Buyout PE

Tenex Capital Management

Tenex Capital Management acquires controlling stakes in established, profitable businesses, from New York, United States. It states a focus on industrials & manufacturing and healthcare & life sciences.

Capital raised$936macross 4 SEC-filed vehicles
Most recent fund2024filing since 2015
HeadquartersNew York, United States
Stated cheque size$25-125 Million

Stated investment criteria

What Tenex Capital Management says it buys

Read from Tenex Capital Management’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page391

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Tenex Capital Management states that it takes majority or outright ownership. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Tenex Capital Management to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Tenex Capital Management has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed4
Total capital raised$936m
Largest single vehicle$936m
Filing history2015 to 2024
Smallest accepted commitmentNone stated
Filed fromNEW YORK

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Tenex Capital Management is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$4.6bn
Employees35
Private funds advised12 · $4.6bn gross
SEC adviser numberCRD 157077

Portfolio

Disclosed holdings

Companies Tenex Capital Management lists on its own website. 12 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Rose Paving20224
360 Fire & Flood20233
Columbia Home Services20233
Gold Medal Pools20233
Minuteman Security & Life Safety20233
Behavioral Innovations20242
Landmark Foundation Group20242
U.S. Plumbing Heating & Bath20242
Aqua Alliance20251
Origin Exterior Partners20251
PayEntry20251
Sentinel Technologies20251

Compiled from Tenex Capital Management’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Tenex Capital Management is named as buyer or seller in the transaction archive. 3 recorded exits, most recently in 2025.

CompanySideCounterpartyYearConsideration
G2 Secure StaffSoldMenzies Aviation2025$305m
Ohio MedicalSoldMarine Environmental Solutions AB2022$127m
CMPSoldFluidra2021$245m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Industrials & Manufacturing

What companies have actually sold for in industrials & manufacturing, across 1,298 recorded transactions.

Median consideration$110m
Middle 50%$32m-$303m
Revenue multiple1.2×
EBITDA multiple8.05×

The full industrials & manufacturing picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in industrials & manufacturing.