M&A Deal Summary

Wellspring Capital Management Acquires Paragon Films

On March 6, 2019, private equity firm Wellspring Capital Management acquired manufacturer Paragon Films from Wind Point Partners

Acquisition Highlights
  • This is Wellspring Capital Management’s 3rd transaction in the Manufacturing sector.
  • This is Wellspring Capital Management’s 37th transaction in the United States.
  • This is Wellspring Capital Management’s 1st transaction in Oklahoma.
Investment Fate
  • Paragon Films was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2019-03-06
Target Paragon Films
Sector Manufacturing
Buyer(s) Wellspring Capital Management
Sellers(s) Wind Point Partners
Deal Type Secondary Buyout
Advisor(s) Baird
Rothschild Global Advisory (Financial)
Kirkland & Ellis (Legal)

Target

Paragon Films

Broken Arrow, Oklahoma, United States
Paragon Films is a manufacturer of high-performance cast stretch films that are principally used to unitize loads while in storage and transit. Paragon Films produces thin-gauge films which outperform competitors in terms of quality, consistency, and value. Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 42 of 54
Sector: Manufacturing M&A 3 of 3
Type: Secondary Buyout M&A Deals 16 of 23
State: Oklahoma M&A 1 of 1
Country: United States M&A 37 of 49
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 API Heat Transfer

Buffalo, New York, United States

API Heat Transfer is a designer and manufacturer of a wide range of heat transfer technologies that service virtually every industrial market including food and beverage, dairy, compressors, air separation, chemical processing, mobile vehicles, power generation, pharmaceuticals, HVAC, and a wide variety of general industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 RAYUS Radiology

St Louis Park, Minnesota, United States

RAYUS Radiology is a provider of diagnostic and therapeutic radiology services in the US. The organization, with nearly 2,000 associates nationally, is committed to delivering clinical excellence in communities across the U.S. driven by its affiliated subspecialized radiologist network, compassionate, safe, and cost-efficient care, and superior service to referring providers and patients. RAYUS Radiology was founded in 1981 and is based in St Louis Park, Minnesota.

Buy -

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 43 of 56
Sector: Manufacturing M&A 5 of 5
Type: Secondary Buyout M&A Deals 15 of 23
State: Oklahoma M&A 3 of 3
Country: United States M&A 39 of 51
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Critica Infrastructure

Houston, Texas, United States

Critica Infrastructure is a manufacturer and provider of high-performance critical infrastructure construction and repair products and associated engineering support and training services. The Company's solutions are used to maintain, rehabilitate, and construct pipelines, natural gas distribution lines, high-consequence industrial pipe works, electrical grids, and civil structures. Critica composite pipe repair systems and inline insertion valves are in use in more than 75 countries and include industry-leading products such as Clock Spring™, Syntho-Glass®XT, Scar-Guard®, Contour, and DiamondWrap® composite products, as well as the award-winning AVT EZ Valve™ for water and gas lines. Critica Infrastructure was founded in 2019 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Quantix

Woodlands, Texas, United States

Quantix is a provider of dry bulk transportation, packaging, distribution and logistics solutions to numerous multinational companies within the chemical and plastic industries. Quantix was founded in 1965 and is based in the Woodlands, Texas.

Buy -