November 2009  
Paramount Building Solutions named Portfolio Company of the Year
< Back to List


 
Chicago, IL – LaSalle Capital Group, L.P. (“LaSalle”) is pleased to announce that its portfolio company, Paramount Building Solutions, LLC (“Paramount”), has received the 2009 Portfolio Company of the Year award from NASBIC, the National Association of Small Business Investment Companies.

http://www.nasbic.org/?page=portfolio_comp_award

NASBIC is the professional association for the Small Business Investment Company (“SBIC”) community and the lower middle market of the private equity industry and is the oldest organization of venture capitalists in the world. For over half a century NASBIC has played a pivotal role in building and promoting a strong and profitable SBIC industry to better serve the growthcapital needs of America’s small businesses. The Portfolio Company of the Year award is given to the company that best demonstrates the unique partnership between small businesses and SBICs such as LaSalle. Criteria for the award include sales growth, job creation, community outreach and charitable giving.

Paramount was selected as Portfolio Company of the Year based on its significant growth and expansion, as well as its employee-friendly culture. Paramount currently employs over 3,000 hourly and full-time employees and provides an underserved segment of the population with job opportunities and benefits. Paramount’s sales have grown in 2009 despite the recession and it has been hiring new employees at a time when many companies are reducing their workforces. Paramount also gives back to its community through its work with a non-profit organization that provides shelter and education to abandoned children.

“We are thrilled and honored to receive this award from NASBIC,” commented Mike Tie, CEO of Paramount. “In partnership with LaSalle and our other investors, we have grown Paramount from a small start-up business to a leading national player in the janitorial services industry.”

“Paramount was chosen out of many qualified applicants to receive the portfolio company of the year award,” stated Kelly Cornelis, Managing Director at LaSalle Capital. “We are very proud of what Mike and his team have accomplished and are excited to be a part of this SBIC success story.”

If you have questions regarding Paramount or would like to discuss additional opportunities in the grocery retail segment of the janitorial services industry, please contact either Kelly Cornelis or Jeff Walters at LaSalle.


Find us on