Paragon Asset Recovery Services, Inc., based in Coraopolis, PA, near downtown Pittsburgh, is a specialty services firm with a focus on identification, billing and recovery of third party deductibles and subrogation on behalf of large property and casualty commercial insurance companies. Since 1994, Paragon has partnered with clients to improve their financial performance. F.N.B. Capital Corporation’s investment supported an acquisition led by Joseph Warnagiris, Paragon’s Chief Executive Officer. Additional capital was provided to fund future growth initiatives. “We see this partnership with F.N.B. Capital as a great opportunity to continue to build Paragon. From our very first conversations with F.N.B. Capital, we felt comfortable with their approach and that they would take the time necessary to understand the unique nature of our business,” noted Warnagiris. More information can be found by visiting the Paragon’s website www.paragonars.com.
F.N.B. Capital successfully exited the transaction in 2013 via a recapitalization. Click here to read more about this transaction.