The Bottom Line: NewSpring Exits Eastern Wholesale Fence
February 19, 2021
NewSpring, a family of private equity strategies, today announced that NewSpring Mezzanine, the Firm’s dedicated mezzanine strategy, has exited its investment in Eastern Wholesale Fence LLC (Eastern Fence).
The Company’s dedication to customer satisfaction and quality products has fueled its expansion
Since NewSpring’s initial investment, Eastern Fence has grown its foothold in the North East and Mid-Atlantic regions and expanded its reach significantly by partnering with big box retailers that enable national sales distribution. Thanks to its six state-of-the-art manufacturing facilities and a dedication to innovation, Eastern Fence is able to provide a superior customer experience and rapid delivery that is unmatched across the industry.
NewSpring and Eastern Fence’s partnership lead to successful growth and innovation
“At Eastern Fence, we pride ourselves on delivering high-quality fencing and building close relationships with our many customers across the U.S.,” said Peter Williams, Jr. CEO at Eastern Fence. “The investment professionals at NewSpring were instrumental in our recent growth and we’d like to thank them for their guidance and partnership over the last several years.”
Eastern Fence’s dedication to innovation and their commitment to customer satisfaction has fueled the Company’s expansion into a national leader in the fencing wholesaling space. We’re honored to have worked closely with Peter and the rest of the management team and played a part in the Company’s growth.