August, 2026. The Peakstone Group, LLC announced that it served as exclusive financial advisor to Paramount Placement, LLC. (“Paramount”) in connection with its sale to Concord Holdings Management LLC (“Concord”). Terms of the transaction were not disclosed.
Founded in 2017 by Steve Smith, Paramount is a specialized recruiting and staffing firm providing skilled trades talent solutions to employers nationwide across a broad range of end markets, placing auto and diesel mechanics, HVAC technicians, electricians, welders, plumbers, industrial maintenance mechanics, heavy equipment operators, and CNC machinists. Paramount has completed full-time placements across the lower 48 states, serving customers ranging from Fortune 500 companies to startups. Current executive Nick Sillaro will serve as President going forward.
Concord is an independent private investment group focused on operator-owned companies with annual earnings up to $10 million. The firm targets recapitalizations of services businesses with operational resiliency and clear long-term growth potential.
Mr. Smith commented, “This is an exciting new chapter for Paramount. Concord’s financial backing, operational support, and strategic guidance are ideal to help us achieve our growth objectives. We also want to thank Peakstone for being a trusted advisor as we navigated a complex sale process.”
Speaking for Concord, Patrick Conroy stated, “We exist to partner with founder-led businesses like Paramount. The company has a proven business model and growth profile, along with significant untapped potential. These attributes, combined with the structural shortage of skilled trades labor, create an ideal growth platform for a successful partnership.”
Peakstone served as sell-side M&A advisor. Dykema served as Paramount’s legal counsel.
For additional information, please contact:
Brad Lehl, Managing Director, blehl@peakstone.com
Aaron Sharabaika, Managing Director, aaron@peakstone.com
About Peakstone
The Peakstone Group, LLC is a leading middle market investment bank focused on entrepreneur and family-owned businesses. The firm is headquartered in Chicago with over 50 professionals. Since its founding in 2009, Peakstone has advised over 300 clients on M&A and capital raising engagements. For more information, please visit www.peakstonegroup.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.