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Benzinga
Benzinga
Business
Akanksha Bakshi

What's Behind Mirion's $585 Million Nuclear Power Play?

Mir Nuclear Power Paragon Mirion Technologies
Bussinessman,Hand,Holding,Creative,Atom.,Nuclear,Fusion,Concept,,Endless,Energy,

Mirion Technologies Inc. (NYSE:MIR) said Wednesday it agreed to buy Paragon Energy Solutions from Windjammer Capital Investors in a $585 million all-cash deal, expanding its offerings for nuclear power and small modular reactors (SMRs).

Paragon, based in Fort Worth, Texas, provides engineered components and digital reactor protection systems for every operating reactor in North America. The company is projected to generate about $150 million in revenue by 2026 and have profit margins above 20%.

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