- Boxwood Partners served as financial advisor to Fager
- Tenex invests in middle market companies
Tenex Capital Management has made an investment in R.F. Fager, a distributor of plumbing, HVAC, and roofing supplies in Pennsylvania and Maryland.
Fager was founded by Richard Fager Sr. and Delroy Brosius Sr. in 1960 as a single location in Harrisburg, Pennsylvania.
On the deal, Tenex Capital Managing Director Gabe Wood said in a statement, “The investment in Fager represents a compelling opportunity for Tenex to partner with a regional market-leading family owned and operated business that was seeking a partner to help execute its next chapter of growth. Dick, Bryce, and the entire Fager team have established R.F. Fager as a go-to supplier in the region with a strong branch network, unwavering customer service, technical expertise, and a solutions-oriented culture that is critical to customers placing high volumes of repeat orders.”
Boxwood Partners served as financial advisor to Fager.
Tenex invests in middle market companies.
