“Our partnership with CHAMP Ventures has been a major success, facilitating rapid growth and development of the business and management team. The deal gave Australian Temporary Fencing access to $20m of expansion capital including bank debt. CHAMP Ventures’ insight helped improve our profitability and helped us to acquire Deck Guardrail. Their experience in the exit process allowed me to realise significant value whilst continuing to own and run the business alongside my management team.”
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Australian Temporary Fencing (ATF) is the market leader in temporary fencing for the construction and events industries as well as height safety solutions in construction. ATF was founded in Queensland by Derek Rynenberg in 1987, expanding nationally in 2000 through a mix of principal and agency locations. In 2006, ATF acquired Deck Guardrail, the market leader in height safety solutions for the construction industry. ATF now generates over $60m revenue from 38 locations and owns over 1,000 kms of fencing panel. In 2004, Derek Rynenberg was approached by a listed company offering to buy ATF for a mixture of cash, equity and earn out payments over 3 years. At the same time, CHAMP Ventures offered to invest approximately $10m to help Rynenberg capture the growth potential from occupational, health and safety regulations regarding fencing construction sites and to diversify into additional safety solutions. The investment from CHAMP Ventures enabled ATF to more than double its fencing pool and to acquire Deck Guardrail, as well as expand the management team through key appointments such as a Chief Financial Officer, Agency Manager and other Business Unit managers. By partnering with CHAMP Ventures, Derek Rynenberg realised more than two and a half times the price offered by the listed company suitor and remains the CEO of ATF following a buyout of the company.
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