Argosy Private Equity has acquired a controlling interest in Federal Rent-A-Fence, a leading provider of temporary fence rental services, to leverage its growth potential within the construction and events sectors.

Target Company Overview

Argosy Private Equity has acquired a controlling interest in Federal Rent-A-Fence, a prominent player in the temporary chain link fence rental industry. Founded in 1993 by Sue and Rob Orthey, the company is headquartered in West Berlin, New Jersey, and boasts 15 branches strategically located across the East Coast and Midwest of the United States. Federal specializes in providing a range of services, including rental of post-driven and panel chain-link fencing, gate frames, windscreens, and various site preparation accessories. The company prioritizes quality service, timely installation, and customer satisfaction.

With a robust operational framework and a commitment to customer service, Federal has constructed a significant presence in its market, benefiting from strong and lasting customer relationships. Remarkably, repeat customers contribute to approximately 90% of Federal's revenue, highlighting its reputation and customer loyalty without any considerable customer concentration. This solid market position and experienced management team set the stage for potential further expansion.

Industry Overview in the United States

The fence rental industry in the United States has demonstrated consistent growth, driven by increasing demand in sectors such as construction and special events. Temporary fencing is particularly valued for its ability to pro