December 2021
Windjammer Capital Acquires Paragon Energy Solutions

Windjammer Capital Investors is pleased to announce the acquisition of Paragon Energy Solutions, LLC in partnership with Paragon management. Terms of the transaction were not disclosed. 

Paragon is a leading independent provider of critical parts and services for existing utility nuclear power generation facilities, and the next generation of advanced small modular nuclear reactor technologies. Paragon provides a wide range of products including electrical, sensor, power management, instrumentation and controls, HVAC, mechanical and flow components, that are necessary for nuclear power facilities to operate safely and in accordance with strict regulatory standards.

Paragon works closely with its customers to develop innovative solutions within the nuclear industry and is committed to the role nuclear will play in a zero-carbon energy future.  The Company’s extensive industry certifications, broad engineering and operational capabilities and 30 years of experience operating within a complex regulatory environment have positioned Paragon as a key partner for its nuclear utility customers around the world.

Paragon’s CEO Doug VanTassell said, “Paragon is focused on finding innovative solutions for the nuclear industry. From bridging the supply gap faced by plants to designing and engineering new systems that address the unique needs of our customers, we have successfully positioned ourselves as the preferred go-to nuclear partner and provider. We are thrilled to partner with Windjammer, as this will allow us to further develop and expand our product and service offerings to directly benefit our current and future customers.”

“We are excited to partner with Doug and the management team to support this next phase of growth for Paragon,” said Rob Quandt, Managing Director at Windjammer. “The Company has set itself apart from competitors with its deep industry expertise and significant engineering capabilities. We share management’s belief that Paragon is positioned for attractive growth in the nuclear industry, both organically and through acquisition.”

"Paragon is a great example of Windjammer’s strategy of investing in niche market leaders with mission critical products and services,” said Jeff Miehe, Managing Principal at Windjammer. “We look forward to working closely with the Paragon team to further enhance its market position and capitalize on its multiple growth opportunities.”  Paragon is the sixth investment from Windjammer's $870 million Senior Equity Fund V, L.P.

More information on Paragon and its suite of products and services can be found at

If you would like additional information or have any questions related to this transaction, please contact Rob Quandt ( or Jeff Miehe (


About Windjammer Capital

Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 60 platform investments and more than 160 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.

About Paragon Energy Solutions

For more than 30 years, Paragon has provided an unmatched level of commitment to tackling the nuclear industry’s most difficult challenges. Dedicated to quality, safety, reliability, and carbon-free energy, the company delivers premium products to nuclear energy facilities with proven reductions in direct costs, parts inventory, improved process efficiency, and obsolescence solutions. or (865) 966-5330, or follow the company on LinkedIn or Twitter.