Argosy and Graycliff Invest in Fairway Building Products
August 13, 2014
Argosy Private Equity has acquired a controlling stake in Fairway Building Products, a manufacturer of vinyl, aluminum and composite railing systems and distributor of ancillary building products. Fairway's products primarily are employed in building residential decks; it has an additional manufacturing location in York, Nebraska. Graycliff Partners invested subordinated debt and equity financing in support of the deal, marking the fifth investment in Graycliff Mezzanine II.