Hub Pen Adds Business Partner Tenex Capital Management
As first reported Friday in a PPB Newslink Breaking News alert, supplier Hub Pen Company (UPIC: HUBPEN), headquartered in Braintree, Massachusetts, has chosen Tenex Capital Management as its new partner to support growth and to help the Fleming family and the company achieve their goals.
Hub Pen continues into its 57th year operating as a family-owned business, with active family shareholders Joe Fleming, president; Mike Fleming, vice president of sales; and Bob McGaughey, vice president and general manager, continuing on in their current roles with the company. The entire Hub Pen team will remain in place and the partnership with Tenex Capital Management does not forecast any immediate changes to the company's programs.
In a statement, the company says, "Together with our new partner, we will be better positioned to provide our associated distributors the quality products and services that have made Hub a leader for more than half a century. [Hub Pen] wishes to thank all of its valued partners for all the consideration and support they have shown over the years and looks forward to a dynamic future with our expanded team."