Stellex Capital Management acquires Paragon Metals

Stellex Capital Management acquired Paragon Metals, a maker of precision machined components and assemblies with three facilities in southern Michigan, serving automotive, heavy truck and general industrial markets. No financial terms were disclosed.

“We intend to invest a significant amount of capital in Paragon to expand the business both organically and through acquisitions in the automotive supplier industry.”apex-partners.com

• 2 sources
• apex-partners.comStellex buys Paragon Metals - Apex PartnersBharbourFeb 4, 2019
• middlemarketgrowth.orgStellex Capital Management Completes Acquisition of Paragon Metals | ACG Insights (Formerly Middle Market Growth)Kathryn MulliganFeb 4, 2019

Summarized from public sources; check the original articles before acting on it.