BALCH SPRINGS, Texas--(BUSINESS WIRE)--U.S. Fence Solutions Co. (“U.S. Fence”), a portfolio company of private equity investment firm Building Industry Partners (“BIP”), is pleased to announce that Jeff Cook has been appointed President of Binford Supply. Jeff has a long track record of success in the fence industry, with roots dating back to the fence installation segment in 1998. For the past 15 years, he has served at a senior executive level in wood fence manufacturing, including most recently as Vice President of Sales for Alta Forest Products. Jeff has driven extensive growth in both sales and corporate culture through his leadership, innovation, and customer-centric approach to business. He has been a significant contributor to the fencing industry, through his efforts in the American Fence Association, FenceSense, State of the Industry panels, regional chapter events, and the Education Foundation.
Jeff, President of Binford Supply, commented, “The opportunity to join Binford Supply, an established fencing industry leader, on an aggressive growth track, is a rare opportunity that I am energized to be a part of. Since its founding, Steve Stanley and his team have built the business around winning the hearts and minds of their employees, and in turn their customers. I look forward to continuing that tradition into the next phase of growth and success for Binford Supply, its customers and employees.”
Concurrent with Jeff’s hire, Steve Stanley, founder of Binford Supply, was appointed CEO of Binford. Steve commented, “We are thrilled to have Jeff join us to lead Binford Supply. His decades of experience and track record of success in the fence industry, particularly leading Alta Forest Products in a period of rapid growth, will be invaluable as we continue to grow Binford Supply and establish one of the leading fencing distribution platforms in the country. On behalf of the entire Binford Supply team, we look forward to Jeff’s leadership in the years ahead.”
Background of Building Industry Partners
Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the U.S. building industry. Founded in 2008, BIP is managed by its Managing Partners, Matt Ogden and Zach Coopersmith. BIP invests its principals’ own capital, as well as that of a small number of like-minded family office and individual limited partners, including accomplished active and retired building industry entrepreneurs. Through its Operator Advisory Board, BIP maintains the financial sponsor industry’s leading proprietary network of active and retired building products industry operators, thought leaders and service providers that support the firm’s industry-focused proprietary opportunity sourcing, due diligence and portfolio company value creation efforts.
BIP invests via an “Operator First” model, serving as an equity capital partner to support proven building products industry leaders to build leading businesses in their respective market niches. To this end, BIP provides equity capital to: (1) proven owner-operators of niche-focused building products manufacturers, distributors and specialty service companies seeking capital for growth, liquidity and/or partial ownership transition and (2) proven building industry operators and entrepreneurs seeking to build a business within their niche of expertise, primarily via acquisition of a platform company and execution of organic and/or “buy & build” growth strategies. The firm focuses on both majority and minority ownership investments involving platform companies with $20 to $250 million in revenues, as well as smaller companies with unique growth opportunities or as part of larger niche “buy & build” acquisition strategies.
BIP principals have co-founded and/or served as the equity capital sponsor for a number of the building products industry’s leading middle-market companies and operators:
- U.S. LBM Holdings, in partnership with L.T. Gibson, BlackEagle Partners and team
- Kodiak Building Partners, in partnership with Paul Hylbert, Steve Swinney and team
- Rugby Architectural Building Products, in partnership with David Hughes, Drew Dickinson and team
- United Cabinet Holdings, in partnership with Butch Reimer and team
- Building Industry Advisors, in partnership with Michael Collins, Walt Kurek and team
- Homewood Holdings, in partnership with Jim Stockman, Scott Blackburn and team
- U.S. Fence Solutions, in partnership with Andrew Reed, Steve Stanley, Jeff Cook, Scott Crabtree, Jim Bockelmann, and team
BIP continues to seek opportunities to sponsor the building products industry’s best and brightest operators in realizing their entrepreneurial visions.