M&A Deal Summary

Envision Acquires Fairway Architectural Railing Solutions

On January 4, 2021, Envision acquired building materials company Fairway Architectural Railing Solutions from Graycliff Partners and Argosy Private Equity

Acquisition Highlights
  • This is Envision’s 1st transaction in the Building Materials sector.
  • This is Envision’s 1st transaction in the United States.
  • This is Envision’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-01-04
Target Fairway Architectural Railing Solutions
Sector Building Materials
Buyer(s) Envision
Sellers(s) Graycliff Partners
Argosy Private Equity
Deal Type Add-on Acquisition

Target

Fairway Architectural Railing Solutions

Mount Joy, Pennsylvania, United States
Fairway Architectural Railing Solutions is a manufacturer of vinyl, aluminum and composite railing systems and distributor of ancillary building products. The company offers durable vinyl railing systems and lightweight aluminum and composite rail products and accessories primarily for residential decks. Fairway Architectural Railing Solutions was founded in 1997 and is based in Mount Joy, Pennsylvania.

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Buyer(S) 1

Buyer

Envision

Mount Joy, Pennsylvania, United States
Category Company
Sector Building Materials
DESCRIPTION

Envision provides homeowners with exceptional decking and railing products to create a beautiful outdoor space. Envision is based in Mount Joy, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 25 of 37
Sector (Building Materials) 1 of 4
Type (Add-on Acquisition) 13 of 18
State (Pennsylvania) 1 of 2
Country (United States) 22 of 34
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Wood Pro

Auburn, Massachusetts, United States

Wood Pro is a distributor of hardwood flooring, tile and related installation and finishing supplies to flooring contractors. The company has earned the title "The Wood Floor Experts" with distribution centers able to provide customers with a full array of materials, equipment, experience and expert advice for any floor project plus unmatched customer service. Wood Pro was founded in 1993 and is based in Auburn, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 MKD Electric

Elgin, Illinois, United States

MKD Electric is a full-service electrical, instrumentation, and systems, integration contractor. MKD Electric designs, builds, installs, and maintains client systems, projects and facilities by focusing on safety, quality and value through industry-leading training initiatives and relationship focus. MKD Electric was founded in 1995 and is based in Elgin, Illinois.

Buy -
SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 40 of 54
Sector (Building Materials) 4 of 6
Type (Add-on Acquisition) 28 of 39
State (Pennsylvania) 13 of 17
Country (United States) 40 of 54
Year (2021) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Bionix

Maumee, Ohio, United States

Bionix is a developer of innovative healthcare products for ear, nasal, and wound care applications in addition to radiation therapy products. Bionix is based in Maumee, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 DSI Logistics

Brea, California, United States

DSI Logistics is a non-asset based provider of last-mile home delivery and installation for heavy and hard to handle goods. DSI Logistics was founded in 1997 and is based in Brea, California.

Sell -
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