Benchmark International facilitated the acquisition of Paragon Plastics by Ashley Industrial Molding
Paragon was founded in 1993 by David Trout. The company produces high-quality OEM components and offers a full range of services including CAD design, pattern milling, plastic forming, assembly, and finishing. The company's proven track record, commitment to high-quality, professional work, combined with its advanced technology has enabled Paragon to establish a stellar reputation and build long-lasting client relationships.
AIM, headquartered in Ashley Indiana, is a leading manufacturer of quality custom molded and painted plastic products and assemblies. AIM has manufacturing processes which encompass capabilities in SMC Compression Molding, Reaction Injection Molding and Thermoforming. The primary marketplaces it services are the agricultural, industrial, construction, forestry, and military markets. The company continues to expand its product capability and nationwide footprint through acquisitions. The Paragon opportunity became a good strategic fit for AIM's growth.
David Trout, president and owner of Paragon stated, "The Benchmark team, with their knowledge and experience in M&A transactions far surpassed my expectations. After owning my business for 25 years, Benchmark found the perfect buyer to continue the Legacy. Thanks for all your help through this transaction."
Regarding the deal, Transaction Director Leo VanderSchuur at Benchmark International stated, "It was a pleasure to represent Paragon in this strategic transaction. On behalf of Benchmark International, we wish both companies continued success." Senior Associate, Sunny Garten, added, "David and his team were wonderful to work with. They were engaging and always responsive to diligence requests. We're excited to see that their legacy will be preserved and enhanced through this transaction with AIM."
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Benchmark International's global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International's deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.