Press Releases

Fort Worth, TX – March 2, 2022 – Paragon Energy Solutions, a company focused on providing safety-related parts and components to the nuclear industry, has signed a teaming agreement with Reuter-Stokes, a Baker Hughes business. The agreement encompasses joint marketing and project development and execution in the growing nuclear small modular reactor (SMR) and advanced reactor markets.

Paragon’s safety-related digital and analog signal processing solutions will pair with Reuter-Stokes’ nuclear-detection technology to provide a holistic nuclear instrumentation solution that is also more efficient and comprehensive. To provide the best design for each client, the technology can be customized to a user’s specific application.

Doug VanTassell, President & CEO of Paragon stated, “This new teaming will actively address the needs of the SMR market, and place greater focus on the unique needs of next-generation reactors. We are pleased to be in a place to better serve our customers and ensure they have a reliable, cost-effective, and high-performing neutron monitoring system.”

“Our partnership with Paragon is an example of how, investing for growth, we’re strengthening our customer proposition, supporting the nuclear industry’s latest clean energy technology, and helping to extend our footprint across the sector,” said Rod Martinez, vice president of Reuter-Stokes.

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. www.paragones.com or (865) 966-5330. Follow Paragon on LinkedIn or Twitter.

About Reuter-Stokes
Reuter-Stokes, a Baker Hughes business, designs and manufactures mission-critical measuring devices for precise radiation measurement, pressurized and boiling water reactor monitoring, UV flame detection, and downhole sensors for directional drilling.

Based in Twinsburg, Ohio, Reuter-Stokes offers more than six decades of ongoing expertise in the design, manufacturing, and installation of its extensive portfolio of gamma and neutron detection technologies.  As an industry leader, the company provides innovative technologies and services, including extensive research, development, and production of high-quality detectors for a broad range of radiation monitoring applications.

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CONTACT:
Laurel Cavalluzzo
[email protected]
(703) 629-5693
For Immediate Release

Fort Worth, TX – December 20, 2021 – Paragon Energy Solutions, a company focused on providing safety-related parts and components to the nuclear industry, is proud to announce the acquisition of Rock Creek Innovations, LLC (RCI).

RCI is an innovation company that designs and licenses the Highly Integrated Protection System (HIPS) Platform for use in U.S. NRC regulated Nuclear Safety Related Control Systems and is a hardware supplier of commercial nuclear protections systems based on the HIPS Platform. As a hybrid solution, this platform combines the best of both analog and digital systems and is designed to provide a robust, scalable platform for safety-related and important-to-safety functions within the commercial nuclear power plant industry. HIPS also delivers critical features for protection safety systems and cyber security.

RCI brings to Paragon a team of highly skilled personnel with unique skill sets that have revolutionized the industry with the HIPS Platform. Several Small Modular Reactor (SMR) providers have chosen the HIPS Platform for their Reactor Protection System and other protection systems, due in large part to its robustness and simplicity.

Doug VanTassell, President & CEO of Paragon stated, “The combination of Paragon with Rock Creek’s elite team of professionals is an industry game-changer for both SMRs and the current fleet of Commercial Nuclear Power Plants (NPPs). Combining Paragon’s extensive capabilities with those of Rock Creek brings better end-to-end solutions for safety I&C to the industry, which will positively impact the next generation of advanced reactors and operating NPPS that look to upgrade their original protection systems to modern technology.”

Gregg Clarkson, founder and former President of Rock Creek, will now assume the role of Chief Innovation Officer at Paragon. “I am extremely proud to be a part of Paragon, and the combination of Paragon and Rock Creek is a springboard to allow us to widely deploy the HIPS Platform into the commercial nuclear market,” explained Clarkson.

Terms of the transaction were not revealed.

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. www.paragones.com or (865) 966-5330. Follow Paragon on LinkedIn or Twitter.

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CONTACT:
Laurel Cavalluzzo
[email protected]
(703) 629-5693
For Immediate Release

Fort Worth, TX – December 1, 2021 – Paragon Energy Solutions, LLC, known for tackling the nuclear industry’s most difficult challenges, is pleased to announce that the company has been acquired by Windjammer Capital Investors and the Paragon management team.

Paragon works closely with 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 with nuclear utility customers and providers of the next generation of advanced reactors.

Paragon previously had been an Argosy Capital portfolio company.

Paragon’s CEO Doug VanTassell said, “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. Having a strong capital partner with Argosy Capital since 2017 allowed Paragon and the management team to acquire ATC Nuclear in 2017, Nuclear Logistics in 2020, as well as invest in the people and equipment to grow at a rapid rate.”

“Paragon is focused on finding innovative solutions for the challenges faced by the nuclear industry, which include bridging the supply gap faced by plants, and designing and engineering new systems that address the unique needs of our customers. And with Windjammer backing us, we will continue to invest to grow organically and through acquisitions,” VanTassell concluded.

Terms of the transaction were not disclosed.

Paragon’s primary market focus areas include the Commercial Nuclear market, the Department of Energy, Nuclear Propulsion (Department of the Navy/Department of Energy), and Next Generation Reactors. The service offerings of Paragon center around Instrumentation & Control (I&C), Custom Design, Qualification & Dedication, and the PeAks Marketplace which matches power plant parts with global buyers and sellers.

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. www.paragones.com or (865) 966-5330, or follow the company on LinkedIn or Twitter.

About Windjammer Capital

Windjammer Capital is a national private equity investment firm 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. www.windjammercapital.com

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CONTACT:
Laurel Cavalluzzo
[email protected]
(703) 629-5693
For Immediate Release

Fort Worth, TX – November 3, 2021 – Paragon Energy Solutions, known for tackling the nuclear industry’s most difficult challenges, has acquired Technology Resources (TR), a firm focused on nuclear reactor instrumentation and control system licensing and engineering support for the existing fleet and new reactors across the U.S. and around the world.

Ted Quinn is the President of TR and will join Paragon in a new role as VP of Licensing. Ted has more than four decades of experience in managing utility and DOE projects across U.S. and international sites. Ted is the Past President of the American Nuclear Society (ANS) and currently serves as the Chairman of the International Electrotechnical Commission (IEC) SC45A Working Group A9 on Nuclear Instrumentation Systems.

Doug VanTassell, President & CEO of Paragon, shared how the company will benefit from the addition of Quinn and Technology Resources. “Ted brings a wide range of additional capabilities to the Paragon team, especially in the areas of licensing strategy and digital I&C (instrumentation and controls) implementation for nuclear plants. We are pleased to welcome Ted to the team.”

Ted likewise explained that he is excited to bring his extensive knowledge to Paragon. “I am committed to the knowledge transfer of what we have developed at Technology Resources to the next generation of nuclear professionals, and especially look forward to the continued development of advanced reactors and solutions for life extension of the existing fleet, which is so important to the future of our industry.”

Paragon’s primary market focus areas include the Commercial Nuclear market, the Department of Energy, Nuclear Propulsion (Department of the Navy/Department of Energy), and Next Generation Reactors. The service offerings of Paragon center around Instrumentation & Control (I&C), Custom Design, Qualification & Dedication, and the PeAks Marketplace which matches power plant parts with global buyers and sellers.

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. www.paragones.com or (865) 966-5330, or follow the company on LinkedIn or Twitter.

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