Two acquisitions and new CEO at U.S. Fence
U.S. Fence Solutions Co., a portfolio company of private equity investment firm Building Industry Partners (“BIP”), has announced three recent strategic developments: The company has acquired Ideal Fencing, Colorado’s leading highway guardrail fabricator and installer. It has also acquired Brother’s Fence Company of Arvada, Colo. Lastly, it has named Andrew Reed, as new company CEO.
Ideal Fencing Corp., was founded in 1982 and is based in Erie, Colo., Ideal has grown to become the largest highway and bridge guardrail fabricator and installer in Colorado. The company also fabricates and installs commercial chain-link and iron fencing, serving Colorado’s Front Range and beyond.
U.S. Fence’s operating subsidiary, Split Rail Fence & Supply Company (“Split Rail”), has acquired Brother’s Fence Company, in partnership with its founder, Chris Cox. Brother’s is a Front Range fence installer specializing in residential reconstruction, and its operations and employees are now a part of Split Rail’s Denver operations.
Building Industry Partners has also announced that Andrew Reed has been appointed CEO of U.S. Fence Solutions. Reed’s background includes more than 30 years in the construction labor and building products segments, including three previous CEO roles in private equity-sponsored companies. Reed led U.S. Builder Services, a $300 million specialty building labor business across the plumbing, electrical and drywall segments, serving production homebuilders and multi-family developers in California, Texas and Florida. Previously, he ran Ames Taping Tools, a specialty contractor tool rental and retail operation serving interior finishing contractors, and Shurline/Bulldog Hardware, a home improvement product manufacturer supporting national retailers. BIP has known Reed for many years through his prior role on the Board of U.S. LBM Holdings, a national one-step building products distributor. Reed has held additional Board roles, including Plumbing Master and Clio Holdings, which all have a strong distribution and installation components to their business models. Reed will lead U.S. Fence Solutions into its next phase of growth, as U.S. Fence looks to build upon its three operating companies and continue to expand in the residential and commercial fencing and guardrail fabrication, distribution and installation segments.
U.S. Fence, formed by BIP in early 2016, now includes three operating companies across 11 locations throughout Colorado, Texas, and Oklahoma, with over $130 million in total annual sales.
Source: Building Industry Partners