American Securities to sell Paragon Medical to Ametek for $1.9B in cash

American Securities announced that it has entered into a definitive agreement to sell Paragon Medical to Ametek in an all-cash transaction valued at approximately $1.9B. The transaction is subject to customary closing conditions, including applicable regulatory approvals. Founded in 1991 and based in Pierceton, Indiana, Paragon provides a diverse, industry-leading product portfolio of world-class solutions to blue-chip and emerging original equipment manufacturers across diverse medical end markets.