Sale to Wellspring Capital Management

Industrial
Sale to Wellspring Capital Management

Summary

Baird served as a financial advisor to Paragon Films on this transaction

About

Paragon Films (“Paragon” or the “Company”), a portfolio company of Wind Point Partners (“Wind Point”), has been acquired by Wellspring Capital Management (“Wellspring”). Terms of the transaction were not disclosed.

Founded in 1988, Paragon is a leading manufacturer of high performance stretch films for transit packaging distributors serving the food and beverage, consumer products, logistics and industrials end markets, among others. Paragon manufacturers a variety of premium quality, 100% recyclable hand and machine stretch films that offer superior load containment and puncture resistance to packaging distributors and end users. The Company is headquartered in Broken Arrow, Oklahoma.

Wind Point Partners is a private equity investment firm with approximately $2 billion in assets under management. Wind Point targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016. Wind Point is headquartered in Chicago, Illinois.

Wellspring Capital Management is a private equity firm. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Wellspring functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. Wellspring is headquartered in New York, New York.
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Industrial
Sale to Wellspring Capital Management
Date
March 2019
Company
Paragon Films
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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