Paragon Products is based outside of Sacramento, CA, and designs, manufactures, and markets alternating current (AC) fuel and lube oil pumps for locomotive engines. The Company has nearly 100% market share for fuel pumps used in U.S.-manufactured new locomotives and its products can be found on approximately 90% of all U.S.-made locomotives currently in operation.
In June, 2008 Greyrock provided $3.5 million of subordinated debt and a $2.1 million equity co-investment to support the acquisition of the Company by The Cambria Group.