JD Ford & Company Advises Paragon Solutions Group, Inc. in Its Sale to Forsythe Solutions Group, Inc.
Posted on: Tuesday, 4 August 2009, 11:23 CDT
DENVER, Aug. 4 /PRNewswire/ -- JD Ford & Company is pleased to have served as the exclusive financial advisor to Paragon Solutions Group, Inc., in its sale to Forsythe Solutions Group, Inc. Paragon, an Inc. 500 company and one of the fastest growing IT Services companies in the U.S., specialized in IBM server and storage solutions. The 6 year old company was founded by Haydn Hirstine, to bring his innovative sales and service model to a highly competitive sector.
With 2008 revenues of $52 million and more than 20 employees, Paragon Solutions Group has grown rapidly since its founding. This past April, IBM awarded Paragon the prestigious 2008 Beacon Award for Outstanding IBM Power Systems Solutions. In 2007, Paragon was recognized on Inc. Magazine's list of Fastest Growing Private Companies, ranked number 288 of 500. In addition to IBM, Paragon is a partner to and integrator for Network Appliance, VMware and CiRBA.
Forsythe Solutions Group, Inc., is a leading IT infrastructure integrator. They intend to leverage Paragon's innovative model across its broader footprint in the U.S. This acquisition enhances Forsythe's ability to provide IBM server and storage products and services.
Founder and CEO of JD Ford & Company, Joseph Durnford, had the following to say about the transaction: "even in this difficult economic environment, it was a great pleasure working on the behalf of Haydn Hirstine and the shareholders of Paragon Solutions Group. We are always honored to represent winning companies like Paragon and have the opportunity to work on behalf of successful entrepreneurs to help them transition from business ownership and management to ownership of wealth and management of lifestyle."
JD Ford & Company is a specialized Investment Bank offering sophisticated solutions to public and privately companies in a variety of industries including technology, health and wellness, consumer products, specialty retail, building products, and specialized services. Since the Firm's founding in 1996, JD Ford & Company has consistently provided clients operating throughout all phases of the business cycle with a wide variety of professional services, including: Strategic & Financial Advisory Services, M&A Transaction Services, Business Valuation Services, and a wide array of Financing Solutions. For more information please visit www.jdford.com.
CONTACT: JD Ford & Company at 303-333-3673
SOURCE JD Ford & Company
Source: PR Newswire
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