Gemspring Capital Management LLC, a Westport-based middle-market private equity firm, has acquired Fenceworks LLC, a fencing installer and distributor. The financial terms of the transaction were not disclosed.
Founded in 1984, Fenceworks has approximately 500 employees and provides fencing installation services and wholesale distribution to single-family homebuilders, commercial customers, and local fencing providers in California.
“We are excited to partner with Gemspring during this next phase of growth for Fenceworks,” said Jason Ostrander, CEO of Fenceworks. “Gemspring’s understanding of construction services and experience partnering with founder-owned businesses will be invaluable in helping us achieve our long-term goals as we expand our geographic footprint, further invest in our team, and continue to serve our customers with the highest commitment to quality and service.”
Geoff Broglio, managing director at Gemspring, added, “We are impressed by Fenceworks’ long-standing relationships with premier homebuilders, and we believe the Company is well positioned as the industry continues to address the national housing shortage. We are excited to partner with Jason and the rest of the management team to continue providing exceptional customer service, expand the markets we serve, and pursue strategic acquisitions.”
Photo courtesy Fenceworks
