Wellspring Capital Management acquired Paragon Films from Wind Point Partners.

Wellspring Capital Management completed the acquisition of Paragon Films, a manufacturer of high-performance transit packaging films within North America from Wind Point Partners, a private equity firm. Financial terms were not disclosed. “Paragon is a case study in Wind Point’s investment strategy of assisting family-owned companies to affect a successful leadership transition and unlock additional areas for equity value creation. We thank Darin and the management team for their partnership in delivering an outstanding outcome,” Alex Washington, Wind Point Managing Director.