Paragon Compliance Brings Robust Client Base, Established Access to Strategic NY, OH, CT Markets
LOUISVILLE, KY / ACCESS Newswire / April 11, 2025 / PSST, providers of integration and compliance SaaS solutions for efficient K-12 school management, announced today that it has acquired Paragon Compliance, a complementary provider of ACA compliance and consulting solutions. Paragon services schools, municipalities and private employers, with an emphasis on the strategically attractive markets of New York, Ohio and Connecticut.
Paragon is known for delivering a high-touch, white-glove service experience and has built long-term, trusted relationships with its clients - many of whom have worked with the company since its founding in 2010. Under a similar philosophy, PSST has earned client trust over the past 35 years by solving complex data and compliance challenges.
PSST has experienced unprecedented success during its six years of ownership by PennSpring Capital, a private investment firm based in Lancaster, Pennsylvania. Backed by PennSpring's extensive resources and with this first acquisition complete, PSST is ideally positioned to integrate additional ACA compliance providers and create value for their business owners.
"We commend the founders of Paragon Compliance. Through vision, agility and expertise they have become an essential resource for everyone from schools to pro sports teams to the Fortune 1000," stated PennSpring Managing Partner Lou Castelli. "Paragon brings to PSST an elite team with cumulative decades of ACA compliance experience, a highly loyal customer base and invaluable access to top tier markets. We believe these two venerable companies now form the basis for ACA industry unification."
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About PSST
PSST empowers K-12 school systems and businesses throughout the United States with the seamless digital connection of their information systems and management software. PSST's integration and compliance solutions are designed to save time and money, and reduce errors so that Human Resources, Finance, Payroll and Benefit administrators can focus on what matters most. PSST solutions allow clients to use their data when and how they need it, in a seamless service experience. Learn more at www.PSST.com.
About PennSpring Capital
PennSpring Capital unlocks liquidity and empowers growth. Based in Lancaster, Pennsylvania, PennSpring is a people-forward investment firm focused on lower middle market opportunities, investing in dynamic firms and helping evolve them to institutional scale. PennSpring's principals are entrepreneurs with firsthand experience in growing and positioning businesses. PennSpring engages at a deep level and applies its experience to elevate its partners' businesses. The firm has made seventeen investments since 2018, including twelve majority investments, and has completed seven successful exits during that period. Learn more at www.pennspring.com.
Contact Us
Justin Davis, Partner
justin@pennspring.com
SOURCE: PennSpring Capital
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