Integrated Utility Services Completes Acquisition of Paragon Industries
Infinity Capital Partners arranged financing for the transaction which closed July 13, 2026
Oklahoma City, OK — July 17, 2026
Infinity Capital Partners is pleased to announce that Integrated Utility Services (“IUS”), a Houston-based holding company that owns and operates assets across the energy industry, completed the acquisition of Paragon Industries, Inc. (“Paragon” or the “Company”), a longstanding Oklahoma-based manufacturer of high-quality steel pipe products, through a Chapter 11 Section 363 sale process. Infinity Capital Partners served as the exclusive investment banking advisor to IUS.
Founded more than 40 years ago and headquartered in Sapulpa, Oklahoma, Paragon is an API-licensed manufacturer specializing in line pipe, standard pipe, oil country tubular goods, sprinkler pipe, structural piling and custom steel pipe solutions, providing manufacturing, customization, logistics, and full-service shipping to customers across multiple industries.
“As someone who grew up in Oklahoma, this acquisition is deeply personal to me,” said Trinity Dawson, President & CEO of IUS Companies. “Paragon has been a pillar in this community for decades, and our commitment is to honor that legacy. We care about the people, the jobs, and the long-term health of Oklahoma’s industrial economy – and we want to see this business thrive for generations to come.”
Going forward, the Company will be named Paragon Pipe Company, LLC. IUS will prioritize a prudent restart of manufacturing operations alongside broader modernization efforts. IUS intends to direct investments in the facility, the workforce, and quality and operational systems, while drawing on its existing relationships across the utility, energy, pipeline, and infrastructure sectors to grow Paragon's customer base. The goal is to build on the Company's Oklahoma heritage while establishing it as a more resilient, competitive domestic manufacturer.
“Paragon represents far more than a manufacturing facility – it represents skilled American workers, a proud Oklahoma legacy, and an opportunity to build something meaningful for customers, employees, investors, and the communities we serve,” continued Dawson. “We are honored to be entrusted with that responsibility.”
“We are proud to have advised IUS on this transaction,” said Chris Lee, Managing Partner at Infinity Capital Partners. “This acquisition preserves a strategic domestic steel pipe manufacturing platform and positions Paragon for long-term growth as a critical supplier of high-quality steel pipe products to the energy, utility, infrastructure, and industrial markets throughout North America.”
GableGotwals served as legal counsel to IUS Companies.
About Paragon Industries
Founded more than 40 years ago, Paragon Industries is an API-licensed manufacturer specializing in line pipe, standard pipe, oil country tubular goods, sprinkler pipe, structural piling and custom steel pipe solutions. With headquarters in Sapulpa, Oklahoma, Paragon provides manufacturing, customization, logistics, and full-service shipping for customers across multiple industries.
About Integrated Utility Services
Integrated Utility Services is developing a full-scale integrated service company by investing in companies that produce the highest quality products and provide top professional and technical services to the energy industry. Focusing on the industry’s maintenance, repair and operations (“MRO”) and project needs, IUS seeks to offer a one-stop supply chain solution, including manufacturing, fulfillment services, engineering, construction services, transportation services, and tech services. For more information, visit www.iuscompanies.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with founders, shareholders, and management teams to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. Securities placed through Infinity Capital Securities, LLC. Member FINRA. For more information, visit www.infinitycappartners.com.
Media Contact:
Meredith Jackson
Infinity Capital Partners
(405) 400-8977
mjackson@infinitycappartners.com
