RALEIGH, N.C., Oct. 5, 2017 /PRNewswire-iReach/ -- FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the acquisition of Ideal Fencing Corp, LLC. ("Ideal Fencing") by U.S. Fence Solutions, a portfolio company of Building Industry Partners ("BIP"). FMI Capital Advisors acted as the exclusive financial advisor to Ideal Fencing for this transaction.
Founded in 1982 and based in Erie, CO, Ideal Fencing has grown to become the largest highway and bridge guardrail fabricator and installer in Colorado. Ideal Fencing also fabricates and installs commercial chain-link and iron fencing, serving Colorado's Front Range and beyond. Ideal Fencing was acquired by Steve McWilliams and Jim Bockelmann in 2000. Mr. Bockelmann is the longstanding President of Ideal and will continue to run the business post-transaction.
Jim Bockelmann, owner of Ideal, commented, "Ideal could not have found a better partner than U.S. Fence Solutions. Their flexibility in structuring an ownership transition was a key reason we decided to partner with them, and they have shown themselves to be of the utmost integrity and professionalism throughout the transaction process. We couldn't be more excited to work with Andrew and the U.S. Fence and BIP teams to accelerate Ideal's growth and serve our customers in bigger and better ways."
U.S. Fence Solutions was formed with the purpose of acquiring or partnering with leading companies in the fencing distribution and installation industry. BIP's initial investment was made in 2016 when it partnered with Denver-based Split Rail Fence & Supply Co., which has a 40-year history of proven success in the fencing industry. U.S. Fence now includes three operating companies across 11 locations throughout Colorado, Texas, and Oklahoma, with over $130 million in total annual sales.
About FMI Capital Advisors:
FMI Capital Advisors, a subsidiary of FMI Corporation, is the leading investment banking firm serving the construction industry. With over 700 completed M&A transactions in construction, our industry focus enables us to provide our clients with valuable insight and advice. Clients gain access to our unparalleled network of industry contacts and relationships, deep market knowledge and technical expertise, based on decades of experience.
FMI Capital Advisors Contact:
Ryan Foley, Director
About FMI Corporation:
For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
FMI serves all sectors of the industry as a trusted advisor. More than six decades of context, connections and insights lead to transformational outcomes for clients and the industry.
FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results.
Media Contact: Rebecca Esler, FMI Corporation, 919-785-9209, firstname.lastname@example.org
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SOURCE FMI Corporation
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