Pittsburgh, PA – January 26, 2026 – Tecum Capital (“Tecum”) is pleased to announce its investment in Guardian Propane Partners (“Guardian Propane”), an operator-led propane platform created to partner with locally owned propane companies in key regions of the United States.

Tecum partnered with Inyarek Partners (“Inyarek”), an investment firm focused on building enduring businesses providing essential industrial and energy services, to launch Guardian Propane. Concurrently, Guardian Propane announced the acquisition of F.A. Days & Sons, a trusted provider of propane and heating oil to the Outer Cape of Massachusetts for more than 55 years, establishing Guardian’s foundational platform investment.

Guardian Propane was created to support strong local propane operators with long-term capital, operational resources, and leadership rooted in real-world industry experience. The platform reflects the investor group’s conviction that propane is a critical energy service in the communities it serves – where safety, reliability, value, and trusted local relationships are fundamental to long-term success.

In connection with the platform’s launch, Jordan Landrum has been appointed Chief Executive Officer of Guardian Propane. Landrum brings more than two decades of propane industry experience, having started his career as a delivery driver before progressing through local operations, regional leadership, and senior executive leadership roles. His hands-on background and deep understanding of propane operations, safety culture, and customer experience will guide Guardian’s partnership-first growth strategy, with a focus on preserving local brands and teams while strengthening systems, safety, and service.

“Guardian Propane was built around the belief that the best operators in this industry win because of their people, their culture, and the trust they earn every day in their communities,” said Jordan Landrum, CEO of Guardian Propane. “Our role is to stand behind those local teams with capital, resources, and operating support that reinforce what already works well, while positioning their businesses for the next decade of growth and succession.”

Acquisition of F.A. Days & Sons

Founded more than 55 years ago, F.A. Days & Sons has built a strong reputation across the Outer Cape by delivering affordable energy solutions with an unwavering commitment to safety, service, and community. The company’s deep local roots, loyal customer base, and customer-driven culture have made it a trusted energy provider in the region.

“We are honored to welcome F.A. Days & Sons into the Guardian Propane family,” added Landrum. “Chris Enos and his family have created an organization to be proud of, and we’re grateful for their trust. Our strategy is simple: honor the impressive history of F.A. Days & Sons while empowering existing leadership to take the business forward. Michael Enos will play an expanding role, helping guide future growth while maintaining the high standards customers have come to expect.”

“I’m incredibly excited about this next chapter and the momentum ahead,” said Michael Enos, third-generation leader of F.A. Days & Sons. “I’ve learned an incredible amount from my father over the years – his leadership has shaped how I approach this business – and it’s an honor to help carry his legacy forward. Partnering with Jordan and the Guardian team provides the resources to do that thoughtfully.”

“From our very first meeting together, we recognized the strong alignment of vision between the Enos family and Guardian Propane,” said Brett Estwanik, Partner and Co-Founder of Inyarek Partners. “Guardian was formed to support our conviction that locally owned propane operators are vital community partners. We believe this investment positions the business for sustainable growth while honoring the Enos family legacy for generations to come.”

Tyson Smith, Partner at Tecum, commented “We are thrilled to support Inyarek and Jordan as they build out the Guardian Propane platform.” Husnain Safdar, Principal at Tecum added “Combined experience around the table coupled with Days’ strategic fit underscores a compelling opportunity to execute on a growth plan.”

In addition to Inyarek’s equity sponsorship of Guardian, Tecum Capital provided debt capital and minority equity to support the transaction and Guardian’s growth strategy.

Guardian Propane will continue pursuing partnerships with established propane businesses that value their people, their customers, and operational excellence, offering a long-term home for owners seeking thoughtful succession and continued stewardship of their businesses.

Tyson Smith, Husnain Safdar, and Josh Savacool led the investment at Tecum.

About Guardian Propane Partners

Guardian Propane Partners is an energy services company purpose-built to support and grow locally owned propane businesses. Led by CEO Jordan Landrum, whose career spans every level of the propane industry, Guardian partners with experienced local teams to strengthen safety, operational performance, and long-term reliability for customers. The company is committed to investing in its people, maintaining strong local relationships, and building an enduring platform focused on service excellence and responsible growth. www.guardianpropane.com

About Tecum Capital

Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader environmental/industrial services, high-value manufacturing, value-added distribution, and business services sectors. Tecum partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages three Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners IV, L.P, a new $340 million fund launched in February 2025. Since 2006, the team has collectively invested more than $1 billion in over 190 platforms and add-on acquisitions. www.tecum.com

About Inyarek Partners

Inyarek Partners is an investment firm focused on supporting the growth of closely held businesses in specialized industrial and energy applications. The firm partners with entrepreneurial management teams and owners seeking a specialist investor with deep sector experience and a roll‑up‑the‑sleeves mentality to help unlock the next phase of their business. Inyarek’s founders have supported the formation or growth of more than 30 companies over nearly two decades investing together. www.inyarek.com