Rick's Expansion as National Leader Driven by Tenex Investment
Deal News | Aug 19, 2025 | Tenex Capital Management LP
Tenex Capital Management has announced a strategic growth investment in Ricks Custom Fencing & Decking, a leading provider of residential fencing and decking services located in Oregon and Washington. Founded in 1980, Ricks is renowned for its quality service and strong local presence, employing over 225 professionals across five branches. This partnership seeks to leverage Ricks' established regional brand for national expansion, building on its legacy of customer service, craftsmanship, and a family-oriented culture. Rick Stanley, the founder, will maintain significant ownership while transitioning to a board role. Tenex’s strategic investment aligns with its preference for acquiring regionally entrenched businesses with the potential for broader national reach. The deal, which involved the advisory firm BRIG Partners, concluded on July 18, 2025.
Sectors
- Home Improvement & Renovation
- Private Equity & Investment
Geography
- United States – Tenex Capital is based in New York, and Rick's operates primarily in Oregon and Washington, focusing the investment geographically in the U.S.
- Oregon and Washington – Rick's Custom Fencing & Decking is a regional provider in Oregon and Washington, making these states central to its operations.
Industry
- Home Improvement & Renovation – Rick's Custom Fencing & Decking provides residential fencing and decking services, classifying it within the home improvement industry.
- Private Equity & Investment – Tenex Capital Management is a private equity firm that invests in companies like Rick's to fuel growth and potential expansion.
Financials
- N/A – Financial terms of the transaction have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rick's Custom Fencing & Decking | Target Company | Company | A regional provider of residential fencing and decking installation services in Oregon and Washington |
| Tenex Capital Management LP | Investing/Bidding Company | Company | A private equity firm investing in regional businesses for growth and expansion |
| Rick Stanley | Founder and Board Member | Person | Founder of Rick's Custom Fencing & Decking, transitioning to a board position post-investment |
| BRIG Partners | Advisor | Company | Advised Rick's Custom Fencing & Decking on the transaction |