The Michigan-based Corvette restoration parts manufacturer and supplier enter as Legendary Companies’ third strategic acquisition since partnering with Irving Place Capital in late 2018. This acquisition expands the range of products available from Legendary Companies and widens its customer base by offering restoration components for 1953 through 1996 Corvettes, the company said.
“Paragon Corvette Reproductions has an amazing track record for supplying the best restoration components for classic Corvettes,“ said Legendary Companies President and CEO Wade Kawasaki. “It has been a great honor to work with the company’s owners, Steve and Stacey Childs, on this acquisition. Steve’s knowledge on classic Corvettes is second to none, and together they assembled an outstanding team of employees to handle more than 36,000 parts for a 43-year range of Corvettes.”
Under Legendary Companies, Paragon will continue to operate with the same leadership team and staff. Legendary Companies will provide additional support where needed to support ongoing operations.
“When the time came to sell Paragon, we knew we wanted a partner that understood our market and believed in our potential,” said Steve Childs, president of Paragon Corvette Reproductions. “After interviewing many investors, it was clear that Wade and the partners at Irving Place Capital were the perfect fit for us.”