Envision Building Products LLC has acquired Fairway Architectural Railing Solutions. Fairway is recognized in the railing category and its products are a complement to Envision’s composite decking.
“We believe this is the right partnership to meet the evolving needs of our customers while furthering our ability to create best-in-class outdoor products and achieve our vision in becoming the undisputed market share leader of non-wood railing in the US market,” says Greg Burkholder, CEO Fairway Architectural Railing Solutions. “We are excited by Fairway’s opportunities under Envision’s ownership, and we look forward to this dynamic new chapter and the exponential new growth opportunities it brings.”
Fairway’s existing management team will remain in place and its current product offering will continue to be offered under the Fairway brand with Fairway also having the ability to provide its customers access to Envision composite decking. Envision will likewise be able to offer its customers access to the suite of Fairway railing products.
“This acquisition expands Envision’s footprint in the outdoor living category and will not only increase market reach but will also provide operational efficiencies,” adds Shara Gamble, vice president of Envision Sales and Marketing. “The individual strengths of each company are complementary and will have a positive impact on our combined service and product offerings.”
The expanded product offerings provided through the acquisition include comprehensive railing solutions in vinyl, aluminum, steel, composite and cellular PVC along with unique composite decking products from Envision’s budget friendly Ridge Premium to its Distinction line of decking. The addition of Fairway railing solutions is yet another step forward for Envision in the outdoor living category.
“We welcome and look forward to working with Fairway’s employees and customers,” says David Humphreys, chairman and CEO, Envision Building Products. “Our acquisition of Fairway will build existing relationships, while affording customers the benefits of an expanded product portfolio and capabilities.”
Envision was advised by William Shutzer and Mayer Bick of SB Advisors; Skadden Arps Slate Meagher & Flom; and EY. Stifel served as exclusive financial advisor to Fairway, and Stevens & Lee served as Fairway’s legal counsel.