Pennsylvania-based lower middle market private equity firm Argosy Private Equity has acquired a controlling interest in Federal Rent-A-Fence, a temporary chainlink fence rental business catering to construction sites and for events.

As part of the investment, Argosy has started executing its value creation plan alongside company management, according to a press release, which includes professionalising sales and marketing processes through digitisation and strategic planning, as well as building a dedicated sales team.

Federal Rent-A-Fence was founded in 1993 and is headquartered in West Berlin, New Jersey. The company operates 15 branches across the US East Coast and Midwest. Its product offerings include post-driven and panels of chain-link fencing, gate frames, windscreen and other site prep accessories.