Paragon Medical Inc. announced today that it has entered into a definitive merger agreement with an affiliate of Beecken Petty O’Keefe & Company, a Chicago-based private equity firm focused exclusively on the health care industry. The Pierceton company’s new partner positions Paragon well to execute on its organic and inorganic growth initiatives. The terms of the transaction were not disclosed, and the transaction is expected to close in early December.

Beecken Petty O’Keefe & Company specializes in creating long-term partnerships with visionary executives to build businesses. “Paragon is a natural fit for our strategy of investing in industry leading companies that are led by world-class management teams,” commented David Beecken, a Partner with BPOC.

“We are pleased to welcome Beecken Petty O’Keefe & Company to the Paragon family”, stated Tobias Buck, president, chairman and CEO of Paragon Medical. “BPOC is very highly regarded and will enhance our organization’s ability to embrace the collective expectations of our client community.”