Tenex Capital Management Acquires Oliver Inc. from Pfingsten

Oliver Inc. (Pfingsten portfolio) Acquires Boutwell, Owens & Co.

April 6, 2021

Packaging

Oliver Inc., a portfolio company of Pfingsten, acquired Boutwell, Owens & Co., a manufacturer of folding carton and blister card packaging, in a transaction that closed March 31, 2021. The add-on expands Oliver’s manufacturing capacity and reach into personal care, healthcare, food & beverage and consumer product end markets while Boutwell will continue operating from its Fitchburg, Massachusetts facility.

Oliver Inc. Acquires Tap Packaging + Design

January 19, 2023

Packaging

Oliver Inc. has acquired Tap Packaging + Design, a Cleveland-based manufacturer of custom folding cartons. The acquisition, which closed on January 18, 2023, expands Oliver’s product offerings and strengthens its position as a leading independent specialty packaging supplier while Tap Packaging will continue operating from its Cleveland facility.

Oliver Inc. Acquires Professional Image and aspecialtybox.com

January 5, 2022

Packaging

Oliver Inc., a Pfingsten Partners–backed specialty packaging platform, has acquired Professional Image and aspecialtybox.com, a Tulsa-based custom folding carton manufacturer and e-commerce stock packaging provider. The add-on expands Oliver’s geographic reach, capacity and design-forward packaging capabilities for customers in food & beverage, beauty, confection and consumer goods markets.

Tenex Capital Recapitalizes and Merges Consolidated Label and Online Labels with Northstar Co-Investment

July 15, 2020

Packaging

Tenex Capital Management recapitalized and merged Consolidated Label and Online Labels in a transaction completed July 15, 2020, partnering with founders Joel and Dave Carmany who remain in operational leadership. Northstar Capital provided subordinated debt and an equity co-investment to support the recapitalization; the combined company is headquartered in Sanford, Florida and sells custom printed and blank labels and flexible packaging to both enterprise and direct-to-consumer customers.

Monomoy Capital Partners Acquires Oliver Packaging and Equipment

November 5, 2024

Manufacturing

Monomoy Capital Partners has acquired Oliver Packaging and Equipment, a Walker, Michigan–based manufacturer of food packaging systems, bakery equipment and compostable/recyclable meal trays and films. Oliver will continue to be led by CEO Mitch Summerfield and will operate as an independent platform with Monomoy supporting organic growth and pursuing strategic add-on acquisitions to expand products, customers and end markets.

Tenex Capital Management Invests in R.F. Fager

March 4, 2024

Building Products

Tenex Capital Management has made a minority investment in R.F. Fager, a regional distributor of plumbing, HVAC, and roofing supplies. The Fager family (including Richard Fager Jr. and Bryce Fager) will continue to lead the company and retain significant equity as Tenex provides capital and resources to expand geographic reach and product breadth.