Boxwood Partners Facilitates Strategic Partnership Between R.F. Fager and Tenex Capital Management

Boxwood Partners, a notable middle-market M&A advisory firm, recently announced its role in the significant partnership between R.F. Fager Company and Tenex Capital Management. This collaboration highlights a pivotal growth phase for R.F. Fager, a leading supplier of plumbing, heating, cooling, roofing, electrical, and industrial hose products in the Northeast and Mid-Atlantic regions. The partnership is intended to bolster R.F. Fager’s expansion in both residential and commercial sectors.

Founded in Pennsylvania in 1960, R.F. Fager has shown a robust growth trajectory, expanding to seven branches and a distribution center primarily serving the Pennsylvania and Maryland markets. With the support of Tenex, R.F. Fager aims to enhance its market presence further. The transaction, in which Boxwood Partners acted as the exclusive financial advisor, underscores the continued demand in the home services sector and R.F. Fager’s solid market position and diversified service offerings.

Leaders from both R.F. Fager and Tenex expressed enthusiasm about the partnership, highlighting the strategic fit and growth opportunities ahead. The financial terms of the deal were not disclosed, but the collaboration is seen as a strategic move to amplify R.F. Fager’s leadership within its market. This deal marks the seventh closed transaction by Boxwood Partners in 2024, emphasizing its impactful presence in the distribution sector.