U.S. Fence Solutions Co., a portfolio company of investment firm Building Industry Partners, has sold Binford Supply to Fencing Supply Group. FSG is a new investment platform focused on building a group of leading independent fencing distributors, and is an affiliate of The Sterling Group, a private equity firm based in Houston, Tx.
Binford Supply was founded in 1950 and has grown to become one of the largest residential and commercial fencing distributors in the U.S. With over 150 employees across 13 locations in Texas, Oklahoma and Colorado, Binford will continue to be led by president Jeff Cook.
Matt Ogden, managing partner of BIP, said, “Our journey with Binford began many years ago through our relationship with its prior owner and CEO, Steve Stanley. We feel fortunate to have partnered with Steve in 2017, and later with Jeff Cook when he joined as President of Binford in 2018. BIP is proud to have been a partner to Binford’s people and a steward of Binford’s business, and we’re excited for the organization to join Fencing Supply Group and continue to elevate Binford’s leadership role in the fencing industry.”
Following the sale of Binford, U.S. Fence will focus on growing its core fencing installation businesses. U.S. Fence owns Colorado fencing installer Split Rail Fence, guardrail fabricator Ideal Fencing, and Western Access Controls, a designer and installer of automated gate and access control system throughout the Rocky Mountain region.