Wellspring Capital Management Acquires Paragon Films

Rhône Group Acquires Paragon Films from Wellspring Capital

December 23, 2021

Packaging

Rhône Group has acquired Paragon Films, a leading North American manufacturer of high-performance stretch films, from Wellspring Capital Management. The transaction is a secondary buyout intended to support Paragon's continued growth in sustainable, high-performance packaging solutions; financial terms were not disclosed.

Stellex Capital Management Acquires Paragon Metals, LLC

February 14, 2019

Manufacturing

Affiliates of Stellex Capital Management have acquired Paragon Metals, a precision-machining manufacturer serving automotive and industrial applications. Stellex plans to invest capital to grow Paragon organically and via acquisitions; founder Mike Smith exited and Bruce Swift was named CEO following the deal.

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

Windjammer Capital Acquires Paragon Energy Solutions

December 1, 2021

Energy

Windjammer Capital Investors has acquired Paragon Energy Solutions, LLC in partnership with Paragon management; terms were not disclosed. The transaction transfers control from Argosy Private Equity to Windjammer and positions Paragon to expand its nuclear parts, instrumentation & controls, and procurement services through organic growth and acquisitions.

Wellspring Capital Management Acquires Cadence Petroleum Group

October 8, 2020

Transportation

Wellspring Capital Management partnered with Cadence Petroleum Group's management to acquire Cadence, a distributor of lubricants, fuels and related products across the eastern and central United States. Tenex Capital Management exited its ownership of Cadence; Wellspring said the investment will be used to accelerate growth through add-on acquisitions and organic initiatives. Financial terms were not disclosed.

Peak Rock Capital Affiliate Acquires Paragon Healthcare, Inc.

September 15, 2020

Healthcare Services

An affiliate of Peak Rock Capital completed the acquisition of Paragon Healthcare, Inc., a provider of ambulatory and home infusion services and specialty pharmacy. Peak Rock said it will partner with Paragon's management to support geographic expansion and continued growth through organic initiatives and strategic acquisitions.