Firm at a glance
Tenex Capital Management is a platform private equity firm headquartered in New York, NY, per its own website [S1]. The firm maintains offices in New York and Fort Lauderdale, FL [S1], and closed its fourth fund at approximately $1.9 billion in 2024 [S1].
What they buy
Based on publicly disclosed portfolio holdings, Tenex appears to concentrate on diversified industrial businesses and B2B service companies [S1]. The firm’s portfolio includes plumbing and HVAC distributors, foundation repair services, pool construction and maintenance, paving contractors, and security system providers [S1]. Several holdings operate in fragmented home services and commercial services markets, suggesting a pattern of building platforms through consolidation in essential service categories.
Portfolio
B2B Services
Columbia Home Services (platform, acquired September 2023) [S1], Landmark Foundation Group [S1], Minuteman Security & Life Safety [S1], Gold Medal Pools [S1], Rose Paving [S1], Network Coverage [S1], Perennial Services Group [S1], and BELAY [S1].
Diversified Industrials
Aqua Alliance [S1], U.S. Plumbing, Heating & Bath [S1], Oliver Inc. [S1], and JTM Foods [S1].
Recent activity (last 24 months)
* December 2025: Acquired Blue Haven National Management Inc., a pool builder franchisor [S2]
* December 2024: Rose Paving completed an add-on acquisition of Atlantic Southern Paving and Sealcoating [S3]
How this firm fits a seller
Tenex appears positioned for owner-operators in fragmented service and industrial distribution markets seeking a platform buyer with demonstrated sector focus. The firm’s recent activity suggests ongoing appetite for both new platforms and add-on acquisitions to existing portfolio companies [S2][S3]. For sellers in home services, commercial services, or specialized distribution, Tenex’s portfolio concentration in these areas may indicate operational familiarity and established buy-and-build infrastructure. The firm’s $1.9 billion fourth fund closed in 2024 signals active deployment capital [S1].
Sources
[S1] https://www.tenexcm.com (as of 2025-01-15)
[S2] https://www.poolmagazine.com/news/press-releases/tenex-capital-management-acquires-pool-builder-franchisor-blue-haven-national-management-inc/ (as of 2025-12-03)
[S3] https://www.businesswire.com/news/home/20241204540182/en/Rose-Paving-Merges-with-Atlantic-Southern-Paving-and-Sealcoating-Expanding-Nationwide-Presence (as of 2024-12-05)
Frequently asked questions
Does Tenex Capital Management buy B2B Services businesses?
Yes, per publicly available portfolio data as of January 2025, Tenex holds at least eight B2B service companies spanning home services, security, landscaping, and virtual assistant services [S1]. Recent acquisitions include a pool builder franchisor in December 2025 [S2], indicating continued activity in this sector.
What companies has Tenex Capital Management acquired recently?
Tenex acquired Blue Haven National Management Inc., a pool builder franchisor, in December 2025 [S2]. In December 2024, portfolio company Rose Paving completed an add-on merger with Atlantic Southern Paving and Sealcoating [S3]. Columbia Home Services was acquired as a platform in September 2023 [S1].
Where is Tenex Capital Management based and how big is the firm?
Tenex is headquartered in New York, NY, with an additional office in Fort Lauderdale, FL [S1]. The firm closed its fourth fund at approximately $1.9 billion in 2024 [S1].
Is Tenex Capital Management still actively acquiring?
Yes, Tenex completed a platform acquisition in December 2025 and facilitated an add-on transaction in December 2024, indicating active deal execution within the past 24 months [S2][S3].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.