Grafine Partners and Atlantic Ridge Capital to Acquire Paragon Films

Investment builds on Grafine and Atlantic Ridge's strategic partnership, bringing together deep industrial technology expertise, differentiated investment capabilities and institutional capital.

NEW YORK, Oct. 13, 2026 /PRNewswire/ -- Grafine Partners ("Grafine") and Atlantic Ridge Capital ("Atlantic Ridge") today announced that they have partnered to acquire Paragon Films ("Paragon" or the "Company") in a transaction valued at approximately $900 million. Atlantic Ridge will lead the investment and work closely with Paragon's management team to drive the Company's next phase of growth. The transaction is expected to close in the fourth quarter of 2026.

Paragon, founded in 1988 and headquartered in Broken Arrow, Oklahoma, manufactures technologically advanced films used to secure and protect products during storage and transit. Its proprietary formulations and manufacturing processes allow customers to achieve superior load containment with thinner-gauge films. The Company's Thinner. Stronger. Greener.® approach combines product performance with 20% to 30% cost savings while using 20% to 40% less film, reducing material use and waste for customers. The Company serves more than 20,000 end users in the resilient and growing food and beverage, consumer products, e-commerce, retail and industrial endmarkets.

"Our underwriting gave us strong conviction in Paragon's business and long-term growth potential," said Elizabeth Weymouth, Founder and Managing Partner of Grafine Partners. "The Company has many of the characteristics we look for in an investment: a differentiated competitive position, durable demand, strong fundamentals and multiple avenues for value creation. The opportunity exemplifies the strength of our investment model in action, combining the deep sector expertise of our investment partners with Grafine's own investment capabilities and institutional capital."

"Paragon has built a differentiated business through a relentless focus on product performance, innovation and its customers," said Eytan Tigay, Founder and Managing Partner of Atlantic Ridge Capital. "We see significant opportunity to build on that foundation and are excited to partner with Grafine on this investment. Grafine has been a strategic partner since our inception, and its investment expertise, capital and long-term perspective have been instrumental in bringing this transaction together."

The transaction represents an important milestone in Grafine's strategic partnership with Atlantic Ridge, which began when Grafine became an early institutional partner and investor in Atlantic Ridge's inaugural fund.

About Grafine Partners

Grafine Partners is a principal investment firm focused on generating private markets alpha through differentiated access and disciplined underwriting in the lower middle and middle market segments of private equity, where the firm believes the greatest potential for outperformance exists. Grafine combines its own investment expertise and flexible institutional capital with a differentiated sourcing network to invest directly in businesses and partner with experienced sector-specialist investors. A core element of Grafine's strategy is backing accomplished private equity investors as they launch their own firms, creating long-term strategic partnerships that expand the firm's access to compelling investment opportunities. For more information, please visit www.grafine.com.

About Atlantic Ridge Capital

Founded by industry veteran Eytan Tigay, Atlantic Ridge Capital is a New York-based private equity firm focused on high-quality middlemarket businesses, primarily within the industrial technology sector. The firm seeks companies with differentiated competitive positions and attractive long-term growth drivers. Working with proven management teams, Atlantic Ridge applies a systematic approach to business building, bringing operational resources, including advanced digital and artificial intelligence capabilities, to scale, improve and modernize their businesses. For more information, visit www.atlanticridgecapital.com.

About Paragon Films

Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon Films is a leader in ultra-high-performance stretch film focused on advancing sustainability through innovation. Sustainability Without Sacrifice™ reflects its approach to designing films that balance durability and cost-effective packaging while helping customers achieve their sustainability goals. Learn more at www.paragonfilms.com.

Media Contacts:

For Grafine Partners

Zach Kouwe/Jansel Murad
Dukas Linden Public Relations
[email protected] 

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SOURCE Grafine Partners