Concord Holdings acquires Paramount Placement to support next phase of growth

Swansea, MA Concord Holdings has acquired Paramount Placement, a skilled trades recruiting firm serving employers across the United States, as part of the creation of Anvil Talent Holdings, Inc. The transaction marks the next phase of growth for Paramount, which has built a national recruiting platform focused on high-demand, hard-to-fill skilled-trades positions.

Founded in 2017, Paramount Placement specializes in recruiting for HVAC, electrical, plumbing, automotive and diesel, heavy equipment and industrial maintenance roles. The company serves more than 450 customers annually across 40-plus states and has delivered more than 5,000 placements over the past decade.

As part of the transaction, Paramount’s leadership team will retain meaningful equity in the go-forward business. Founder Steve Smith will remain involved in a senior advisory capacity, while Nicholas Sillaro, previously chief growth & operating officer, will assume the role of president.

“We’re excited about what this next chapter means for Paramount Placement, while maintaining the relationships and recruiting capabilities that have helped build the company,” said Sillaro. “The partnership with Concord gives us an opportunity to continue investing in the business and expand the platform while staying focused on what we do best - helping top Skilled Trades talent find their long term home while helping the employers we partner with simplify their hiring efforts so that they can focus on the growth and daily operations of their business” 

Paramount Placement has been recognized on the Inc. 5000 list of fastest-growing private companies in America for five consecutive years, from 2022 through 2026.

The acquisition brings Paramount into a new partnership with Concord Holdings, which focuses on growth-oriented recapitalizations of founder-led businesses and plans to support the company’s continued growth through technology, professionalization and strategic expansion.