Salem Five Bank Extends Senior Credit Facility to Inyarek Partners

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Salem, MA., January 26, 2026 – Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a senior secured credit facility to Guardian Propane Partners, the propane distribution platform of Inyarek Partners. Inyarek is a Boston-based investment firm specializing in supporting companies in the energy and industrial sectors through their next stage of growth.

The credit facility supported Guardian’s acquisition of F.A. Days & Sons of Provincetown – a company serving the propane and heating oil needs for Cape Cod for more than five decades – with working capital needs and provides flexibility to grow the acquired business.

The relationship with the Bank came through an industry referral, given Salem Five’s strong commercial lending expertise in the region as well as the recommendation of the Business Credit team’s experience in the energy sector, led by Keith Broyles.

“Here at Salem Five Business Credit, we are committed to assisting investment partners achieve their goals.”, Broyles said. “We’re excited to support a local Massachusetts company that plays an important role in providing energy resources to residents throughout Cape Cod.”

“We reconnected with Salem Five through trusted industry referrals and knew of Keith’s experience in the sector, and they quickly proved to be the right partner,” cites Brett Estwanik of Inyarek Partners. “We were looking for a lender with strong commercial expertise and the flexibility to support our growth, and this facility gives us the working capital needed to scale efficiently. The team has been responsive, straightforward, and accommodating from the start.”

This commitment is the fourth significant deal that the newly established Business Credit division has secured during 2025, clearly showcasing the need for creative financing solutions and the commercial lending capacity that exists at Salem Five. The team looks forward to a strong 2026.

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (www.salemfive.com), a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has more than $8 billion in assets and 33 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management & Trust, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.

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, visit www.inyarek.com.

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