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Private Equity

Stellex Capital Management Completes Acquisition Of Paragon Metals

by vcaonline.com posted 2weeks ago 18 views
NEW YORK & LONDON, February 4, 2019-- Paragon Metals, LLC (“Paragon” or the “Company”) today announced the completion of its acquisition by affiliates of Stellex Capital Management (“Stellex”), a middle market private equity firm with offices in New York and London. With three manufacturing facilities in southern Michigan, Paragon is engaged in the business of manufacturing, distributing, sourcing and importing complex, tight tolerance precision machined components and assemblies serving the automotive, heavy truck and general industrial markets. Following completion of the transaction, Bruce Swift, a widely respected automotive industry veteran, will serve as Paragon’s Chief Executive Officer. Mr.