22, Nov. 2022
Tenex Capital Management Invests in Rose Paving

New York, NY – November 22, 2022 – Tenex Capital Management (“Tenex”) is pleased to announce an investment in Rose Paving LLC (“Rose”), a national provider of parking lot maintenance and rehabilitation solutions for commercial customers.

Founded in 1969 and headquartered in Bridgeview, IL, Rose Paving is a provider of parking lot maintenance and repair services to businesses throughout the U.S., Canada, and Puerto Rico. With eight offices strategically located through the country, Rose has an extensive footprint to deliver a full suite of services to its customers, including including asphalt and concrete patching, crack sealing, sealcoating, and lot marking, among others. Rose’s customers span a wide variety of single and multi-state operations across retail, hospitality, healthcare, industrial, property management, and apartment companies.

Rose Paving CEO Ed Campbell commented, “We are extremely pleased to work with Tenex to help accelerate Rose’s growth. In looking for a partner, we sought a group offering more than simply capital, but also operational expertise and a strong cultural fit. We believe Tenex’s shared values and proven track record in scaling companies organically and via acquisitions will enable Rose to continue to excel in our markets.”

Tenex Managing Director Gabe Wood remarked, “Ed, Chris, and the team at Rose have built an impressive national network of both self-perform locations and third-party Alliance Partners which has positioned them as a leading one-stop solution provider for corporate customers on a nationwide basis. This network, combined with their customer centric culture, has enabled them to grow much faster than the market in recent years.” Tenex Managing Director Ron Lejman added, “While Rose has established itself as a differentiated market leader, we think the business is just beginning to realize its full potential. We are excited to work with this team to continue driving outsized growth and delivering best-in-class solutions to its customers.”

The transaction closed on November 7, 2022. William Blair served as sole financial advisor to Tenex, and Willkie, Farr & Gallagher served as legal counsel to Tenex.

About Rose Paving:

Founded in 1969 and headquartered in Bridgeview, IL, Rose provides professional preventative and restorative parking lot maintenance services to businesses throughout the U.S., Canada and Puerto Rico. Rose performs its services nationally through its eight offices and a network of alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. For additional information, please visit

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 industrials, business and tech-enabled services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit