The parent of Pierceton-based Paragon Medical Inc. has reached an agreement to sell the business to NN Inc., a diversified industrial company based in Johnson City, Tenn.

PMG Intermediate Holding Corp., Paragon’s parent, has been owned by Chicago-based Beecken Petty O’Keefe & Co., a private equity firm focused exclusively on the healthcare industry, since 2013. BPOC announced the deal, which is expected to close during the current quarter on April 3.

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