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January 27, 2021
Private Equity

Argosy Private Equity Exits Fairway Architectural Railing Solutions

We are pleased to announce that on December 31, 2020, Argosy Private Equity exited its portfolio company, Fairway Architectural Railing Solutions through a sale to Envision Building Products, LLC. Envision is a subsidiary of TAMKO Holdings, Inc, a family-owned business which manufactures and sells decking and railing products.

Fairway is a designer and manufacturer of low maintenance, high performance non-wood railing systems for residential and commercial decks and balconies. Headquartered in Mt. Joy, PA, Fairway has strategically located manufacturing facilities in Mt. Joy, PA, Hamilton, NJ and York, NE, enabling it to service much of the U.S. Fairway’s business has been built upon a broad product offering (including vinyl, aluminum, steel, cellular PVC, and composite railings), a high level of customer service including quick order fulfillment, and strong relationships with distributors and dealers servicing contractors, builders, and other deck installers.

After the initial investment in August 2014, Argosy immediately began to implement its Value Acceleration Methodology (“VAM™”). The VAMTM implementation included (i) expanding and professionalizing the leadership team, (ii) completing the strategic acquisition of Carfaro, Inc., a 20-year-old turnkey aluminum railing manufacturer based in Trenton, NJ focused on the commercial and multifamily markets, and (iii) divesting of Fairway’s legacy distribution business. Argosy believes these and other VAMTM initiatives enabled management to focus on expanding their product offering, strengthening the Company’s presence outside of the core northeast states, ultimately, building a higher quality, more professionalized business that was appealing to a strategic acquirer.

For more information on this investment, please contact Michael Bailey, Partner, at (610) 971-9685 or