Watchtower Capital Acquires Fence Builders and Green Hill Fence Company

July 17, 2025

Watchtower Capital has acquired Fence Builders, Inc. and Green Hill Fence Company to create an integrated residential and commercial fence, gate and access control platform serving the U.S. Southeast. Watchtower led the platform investment with co-investments and financing from Plexus Capital and Aldine Capital Partners; founders Steve Shelton and Manning Garrett remain in leadership roles and retain ownership stakes, and Nick Coder was named President.

Buyers
Watchtower Capital, Plexus Capital, Aldine Capital Partners
Targets
Fence Builders, Inc., Green Hill Fence Company
Sellers
Steve Shelton / Shelton family (Fence Builders), Manning Garrett (Green Hill)
Platforms
Fence Builders, Inc.
Industry
Construction
Location
North Carolina, United States
Transaction Type
Buyout

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