American securities announces agreement to sell paragon medical

New york , oct. 31, 2023 /prnewswire/ -- american securities llc, a leading u.s. private equity firm, today announced that it has entered into a definitive agreement to sell paragon medical ("paragon" or the "company"), a global industry leader in highly engineered medical components and instruments, to ametek, inc. (nyse: ame) ("ametek"), a leading global provider of industrial technology solutions, in an all-cash transaction valued at approximately $1.9 billion. the transaction is subject to customary closing conditions, including applicable regulatory approvals.
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