Employees of Owasso Fence use a pneumatic fence post driver to repair storm-damaged fence at the University of Tulsa.TULSA – Edward Gibbs said he will draw strong profits this year from a niche the retailer fenced-in just three years ago.
In 2006 Gibbs expanded his company, Owasso Fence, into the rental market, adding a 50,000-linear-foot inventory of panel and post fence.
The experiment involved some risk, with panel fence costing $9 per linear foot, post fence $6. The product rents at less than half those rates over an average contract of 10 months, including setup and take-down costs.
But his timing couldn’t have been better. Construction under the $800 million Vision 2025 tax initiative hit high gear with the 18,000-seat BOK Center and several other projects, even as several million square feet of retail, hospitality, medical and industrial projects sprang out of the Tulsa-area hills.