1300 Tempfence Attracts 50% Equity Stake From Straightbat
1300TempFence, the market leader in the Australian temporary fencing market, has entered into an agreement to partner with Straight Bat Private Equity, an income-oriented private equity fund.
Brothers Martin and Bruce Fouracre have become 50/50 partners with Straight Bat Private Equity. The business’ commitment to customers remains unchanged. Martin and Bruce will continue their active roles in the business, supported by the same management team that has been in place for many years.
1300TempFence has been around for more than 25 years, since it was founded in 1999 by Martin and Bruce Fouracre, and best mate Mark Eaves.
From humble beginnings, 1300TempFence now manages the largest hire fleet of temporary fence in Australia and New Zealand, and also offers an extensive fleet of hoarding, site cameras, water-filled barriers, portable toilets and other complimentary hire products from branches across every state of Australia and New Zealand.
1300TempFence serves the civil, government, major infrastructure, industrial, commercial and residential building sectors, as well as events. It’s known for supplying fencing to such major events as the Australian Formula 1 Grand Prix in Melbourne and LIV Golf Adelaide, as reported in the AFR recently.
“1300TempFence has a long history of growth. It was natural for us to choose an investor like Straight Bat – they play the long game.” Said Martin Fouracre. “Their enthusiasm for our strategy and values driven approach to partner with us and our team made them the obvious choice.”
“We’re pretty excited about this new chapter and our team are energised about what lies ahead.”
“This is the largest investment we have made at Straight Bat” said Straight Bat Partner Matt Donazzan, who led the deal. “This reflects the belief we have in Martin, Bruce, CEO Steve Ashenden and the 1300 team.”
Steve Gledden, Straight Bat Managing Partner, said “We look for partners who love their businesses and have a long-term ownership mindset. Martin and Bruce built a great business, which became the national leader by delivering great outcomes for their customers over many years.”
“Great partnerships are built on common values, complimentary skills, and a shared vision of the future. We’ve known Martin and Bruce for over 2 years and as we got to know the team and the business deeply we saw significant opportunity to add value. The reality is, in an ever changing world, in good times and bad, fencing has been, and will continue to be, the first thing onsite and the last thing off site, for construction and major event projects. That’s a very Straight Bat business!”
1300TempFence was advised by PwC, Grant Thornton and Dentons and had been seeking interested parties for investment since 2024.
Straight Bat was advised by BDO and Mills Oakley.
