Argosy Invests in Fairway Building Products, L.P.
On August 7, 2014, Argosy acquired a controlling ownership interest in Fairway Building Products, L.P. Fairway is a manufacturer of vinyl, aluminum and composite railing systems for residential and commercial decks and balconies that also participates in the regional distribution of complementary building products. Fairway’s headquarters and a manufacturing/distribution facility are located in Mt. Joy, PA, with a second manufacturing facility in York, Nebraska.
Fairway’s business has been built upon a broad product offering (including vinyl, aluminum and composite railings), a high level of customer service including quick order fulfillment and a strong relationship with distributors who service deck installers.
The current management team, Greg Burkholder, CEO, and Chuck George, COO, will continue to manage the business as the two co-founders complete transitioning from the business into retirement. Dan Carpey, an experienced building products executive, is investing in Fairway and joining the management team as Executive Vice President of Strategic Development. The co-founders, who reinvested capital, will remain on the Board of Directors.