11.12.13
A Chicago, Ill.-based private-equity firm has purchased Paragon Medical Inc., a contract manufacturer of custom and standard surgical instrumentation and instrument delivery systems, implantable components, and design and development services to the orthopedic and medical device markets.
The Pierceton, Ind.-based manufacturer entered a merger agreement with an affiliate of Beecken Petty O'Keefe & Company (BPOC), a private equity firm focused exclusively on the healthcare industry.
The terms of the transaction were not disclosed, and the transaction is expected to close in early December.
"Paragon is a natural fit for our strategy of investing in industry leading companies that are led by world-class management teams," commented David Beecken, a partner with BPOC.
"We are pleased to welcome Beecken Petty O'Keefe & Company to the Paragon family,” said Tobias Buck, president, chairman and CEO of Paragon Medical. "BPOC is very highly regarded and will enhance our organization's ability to embrace the collective expectations of our client community."
In addition to it's facility in Pierceton, the 22-year-old firm has offices and production facilities in Indianapolis, Ind.; Smithfield, Utah; Lausanne, Switzerland; and Changzhou, China.
The Pierceton, Ind.-based manufacturer entered a merger agreement with an affiliate of Beecken Petty O'Keefe & Company (BPOC), a private equity firm focused exclusively on the healthcare industry.
The terms of the transaction were not disclosed, and the transaction is expected to close in early December.
"Paragon is a natural fit for our strategy of investing in industry leading companies that are led by world-class management teams," commented David Beecken, a partner with BPOC.
"We are pleased to welcome Beecken Petty O'Keefe & Company to the Paragon family,” said Tobias Buck, president, chairman and CEO of Paragon Medical. "BPOC is very highly regarded and will enhance our organization's ability to embrace the collective expectations of our client community."
In addition to it's facility in Pierceton, the 22-year-old firm has offices and production facilities in Indianapolis, Ind.; Smithfield, Utah; Lausanne, Switzerland; and Changzhou, China.