Operating Company Energy

Paragon Energy Solutions

Fort Worth, Texas, United States

Formerly known as Mirion Technologies, Inc., Mirion completes acquisition of Paragon Energy Solutions, Paragon Energy Solutions (Paragon)

Paragon tackles difficult nuclear industry challenges—those faced by today’s operating fleet and next-generation advanced reactors. It produces and tests mission-critical mechanical, electrical, and instrumentation & controls (I&C) equipment for nuclear standards, provides repair and reverse-engineering services, and operates PeAks, a web-based marketplace with a parts inventory to address obsolescence and parts availability. Paragon is now part of Mirion Technologies.

Focus Areas
Nuclear instrumentation & control (I&C), Mechanical/electrical equipment for nuclear plants, Repair and reverse engineering
Website
paragones.com

Tracked deals

3

3 tracked deals across 2021-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 addon

Paragon Energy Solutions Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Paragon Energy Solutions. 2 2021 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Mirion Technologies, Inc.
    Target
    Paragon Energy Solutions
    Seller
    Windjammer Capital Investors
    Industry
    Energy
    Type
    Buyout

    Mirion Technologies, Inc. (NYSE: MIR) has completed the acquisition of Paragon Energy Solutions, a Fort Worth-based provider of engineered electrical, instrumentation & controls, HVAC, mechanical and flow components for nuclear power plants and small modular reactors. Paragon was sold by Windjammer Capital Investors, which had acquired the company in November 2021 and supported product expansion and sales-channel investments to position Paragon for growth in the nuclear sector.

  • Buyer
    Paragon Energy Solutions, Windjammer Capital Investors
    Target
    Rock Creek Innovations, LLC
    Industry
    Energy
    Type
    Addon

    Paragon Energy Solutions, a Windjammer Capital portfolio company, has acquired Rock Creek Innovations, LLC, a developer and licensor of the Highly Integrated Protection System (HIPS) used in nuclear safety-related instrumentation and control systems. The acquisition brings Rock Creek's HIPS platform and engineering team into Paragon to expand its safety I&C capabilities for commercial nuclear power plants and small modular reactors; terms were not disclosed.

  • Buyer
    Paragon Energy Solutions
    Target
    Technology Resources
    Type
    Buyout

    Paragon Energy Solutions has acquired Technology Resources, a specialist in nuclear reactor instrumentation & control (I&C) licensing and engineering support. Ted Quinn, President of Technology Resources, will join Paragon as Vice President of Licensing to help expand Paragon's licensing strategy and digital I&C capabilities for commercial nuclear, DOE and advanced reactor markets.

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