top of page



Birmingham, Michigan – February 14, 2019 – Angle Advisors is pleased to announce that affiliates of Stellex Capital Management (“Stellex”) have acquired Paragon Metals, LLC (“Paragon” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Paragon in completing this transaction.

Paragon is a leading manufacturer of complex, tight tolerance precision machined components and assemblies. Paragon’s broad process expertise is complemented by a growing reputation as a product expert across various applications. The Company’s products are found on many critical applications such as: transmission, driveline, engine, and chassis among other industrial applications. Paragon is adept with multiple materials, including iron, aluminum, steel, and other light metals. For more information please visit

Stellex is a private equity manager that invests in and oversees U.S. and European corporate assets. Stellex’s focus is on middle-market companies, supporting strong management teams seeking to grow their business, as well as working with companies experiencing business or industry transitions. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth for its portfolio companies. Following completion of the transaction, Bruce Swift, a widely respected automotive industry veteran, will serve as Paragon’s Chief Executive Officer. Mr. Swift was most recently Chief Executive Officer of Diversified Machine, Inc., a leading supplier of fully engineered chassis and powertrain components. For more information please visit

Stellex and Mr. Swift have a long history of working together to buy, build and operate automotive suppliers. “We are thrilled to partner with Bruce Swift again through this transaction. Together with David Smith, Paragon’s VP of Sales, this partnership will enable Paragon to leverage its current customer base and achieve multiple growth opportunities,” said Mike Stewart, Managing Partner of Stellex. “We intend to invest a significant amount of capital in Paragon to expand the business both organically and through acquisitions in the automotive supplier industry.”

“I am incredibly proud of the accomplishments of the Paragon team and the value we have been able to bring our customers over many years,” said Mike Smith, Paragon’s founder. He added, “I am equally excited about the Company’s prospects for the future. With Stellex’s support, Paragon is well positioned to grow and meet the evolving requirements of the industry and our customers. He continued, “I would also like to thank Angle Advisors. Their team was invaluable in leading us through every phase of this process. They were a true partner with us and their deep knowledge of the industry along with their transaction expertise were critical to not only achieving an optimal transaction, but also allowing our team to stay focused on our business throughout the process.”

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm's professionals have completed 202 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


Talk to Angle Advisors
bottom of page