AMETEK, Inc. completed the acquisition of Paragon Medical, Inc. from American Securities LLC.
December 07, 2023
Share
AMETEK, Inc. (NYSE:AME) entered into an agreement to acquire Paragon Medical, Inc. from American Securities LLC in a transaction valued at $1.9 billion on October 23, 2023. Paragon Medical has annual sales of approximately $500 million and is headquartered in Pierceton, Indiana. The transaction is subject to customary closing conditions, including applicable regulatory approvals. Jefferies LLC and Piper Sandler Companies acted as financial advisors to Paragon. Douglas P. Warner, Jenna McBain, Ryan C. Taylor, Andrew Colao, Mark Hoenig, Paul Wessel, Megan Granger, Niklas Maydell, Annemargaret Connolly, Timothy Welch and John O?Loughlin of Weil, Gotshal & Manges LLP and Doug Granger and Austin Maloney of Hunton Andrews Kurth LLP served as legal counsel to American Securities and Paragon. Deborah Spranger, Erica Wilson, Joan C. Arnold, Barbara T. Sicalides, Michael J. Crumbock, Stefanie L. Brennan, Gregory S. Narsh, Jessica X.Y. Rothenberg, Deborah J. Enea, Michael K. Jones, Judith L. O?Grady, Erin S. Whaley, Brent T. Hoard, Nina Dhillon and Dawn Hall of Troutman Pepper acted as legal advisors to AMETEK.
AMETEK, Inc. (NYSE:AME) completed the acquisition of Paragon Medical, Inc. from American Securities LLC on December 8, 2023.
AMETEK, Inc. is one of the world's leaders in manufacturing and marketing electronic instruments and electromechanical devices. Net sales break down by family of products as follows:
- electronic instruments (70.1%): instruments and screens for aircrafts cockpits, airborne electronic systems of data surveillance and registering, pressure, temperature and flow sensors for airline companies and aeronautical manufacturers, analysis devices for the medical and research sectors, measurement and surveillance instruments used in the processing industries, instruments and dashboards for heavy trucks and agricultural vehicles, etc.;
- electromechanical devices (29.9%): brushless motors, heat exchangers, connectors, terminals, thermal management subsystems, motors-blowers, etc. primarily for the aeronautic, automotive, medical, computing and defense sectors. The group also provides metal powders and alloys for the manufacturing of electronic components and automotive and aeronautic products.
At the end of 2023, the group had more than 150 production sites worldwide.
Net sales are distributed geographically as follows: United States (52.6%), Asia (20.9%), United Kingdom (3.3%), European Union (14.3%) and others (8.9%).
AMETEK, INC. 
