M&A Deal Summary

NN Acquires Paragon Medical

On April 3, 2018, NN acquired medical products company Paragon Medical from BPOC for 375M USD

Acquisition Highlights
  • This is NN’s 2nd transaction in the Medical Products sector.
  • This is NN’s 2nd largest (disclosed) transaction.
  • This is NN’s 5th transaction in the United States.
  • This is NN’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-04-03
Target Paragon Medical
Sector Medical Products
Buyer(s) NN
Sellers(s) BPOC
Deal Type Add-on Acquisition
Deal Value 375M USD

Target

Paragon Medical

Pierceton, Indiana, United States
Paragon Medical, Inc. is a provider of medical devices used in orthopedic surgical procedures. Paragon manufactures trays and cases for use in surgical delivery systems, surgical instruments, and precision manufactured implants for orthopedic medical device original equipment manufacturers. Paragon Medical was founded in 1991 and is based in Pierceton, Indiana.

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Buyer(S) 1

Buyer

NN

Charlotte, North Carolina, United States

Category Company
Founded 1980
Sector Manufacturing
Employees3,087
Revenue 489M USD (2023)
DESCRIPTION

NN manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. NN was founded in 1980 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 6 of 6
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Indiana) 1 of 1
Country (United States) 5 of 5
Year (2018) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-22 Bridgemedica

Mansfield, Massachusetts, United States

Bridgemedica LLC is a medical device company that provides concept to supply solutions through design, development engineering and manufacturing. Bridgemedica is based in Mansfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 NN - Life Sciences Division

Johnson City, Tennessee, United States

NN, Inc. - Life Sciences Division design and manufacture implants, surgical instrumentation, single-use disposable devices, and assemblies on a global basis.

Sell $825M

Seller(S) 1

SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 31 of 37
Sector (Medical Products) 6 of 6
Type (Add-on Acquisition) 17 of 18
State (Indiana) 1 of 1
Country (United States) 30 of 36
Year (2018) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Zenith American Solutions

Tampa, Florida, United States

Zenith American Solutions is an administrator to Taft-Hartley multi-employer funds in the U.S. The company's solutions enable the delivery of complex healthcare and retirement benefits to union members through its dynamic technology-enabled platform. Zenith American Solutions was founded in 1944 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Medicus Healthcare Solutions

Windham, New Hampshire, United States

Medicus Healthcare Solutions is a healthcare staffing company providing exceptional locum tenens staffing to groups, practices, hospitals, and other facilities throughout the United States. Medicus pioneers projects and resource management services to offer more complete solutions to healthcare organizations facing staff shortages and other service line challenges. Medicus Healthcare Solutions was founded in 2004 and is based in Windham, New Hampshire.

Buy -