U.S. Fence Solutions, a fencing niche holding company created by the same Building Industry Partners (BIP) firm that helped launch US LBM, announced today it has invested in and recapitalized Binford Supply of Dallas, an eight-location company serving residential and commercial fencing contractors in Texas and Oklahoma.
Binford President and owner Steve Stanley will remain the company’s president and will become a significant shareholder in U.S. Fence, BIP said in a press release. It’s the second acquisition by U.S. Fence since its creation last May; its first was Split Rail Fence & Supply, which serves Colorado’s Front Range. Allan Briedenbach, formerly an executive at US LBM’s Wisconsin Building Supply, is president of U.S. Fence. The company continues to seek out other independent fencing businesses for investments or acquisitions.
“The transaction enabled Steve to take some well-earned chips off the table, and reduce his risk as a sole owner, but still participate meaningfully in the future success of the business,” BIP Managing Partner Zach Coopersmith said in the news release. “Further, Steve wanted to continue to lead Binford and be an integral part of building an industry-leading, national fence company into the future. We are excited to see what Steve can do in partnership with Allan.”
BIP also has been involved with Kodiak Building Partners, Rugby Architectural Building Products, United Cabinet Holdings, Building Industry Advisors, and Homewood Holdings.
