Private equity firm forms Fencing Supply Group
The Sterling Group, a middle market private equity firm, has formed Fencing Supply Group, a new platform focused on building a group of industry-leading, independent fencing distributors.
FSG businesses serve professional fencing contractors who provide new, improvement, and repair fencing services across residential, industrial, commercial, and infrastructure end markets.
Fencing Supply Group has acquired Merchants Metals effective on Feb. 26. Merchants is the first acquisition of the FSG platform. Merchants is a national value-added distributor of fence supplies in the U.S., serving customers through 35 branches and 4 complementary manufacturing facilities across 28 states.
"Merchants is a nationally recognized leader in fencing today and we are excited about partnering with Andrea Hogan and the entire Merchants team to support them in continuing to grow the Merchants business," said Brian Henry, partner at The Sterling Group.
"Fencing Supply Group is a platform that will promote and enable growth for independent distributors of fencing materials nationwide. I look forward to being a part of the leading network of fencing distributors led by industry experts and entrepreneurs who come together to create value for customers, employees, and suppliers," said Andrea Hogan, CEO of Merchants.
Sterling has deep experience in the building products distribution industry, having previously partnered with entrepreneur owners to build Roofing Supply Group, Construction Supply Group, and Artisan Design Group. Fencing Supply Group and Sterling intend to continue to support the platform through organic growth initiatives as well as an active acquisition strategy.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
