|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.
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
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.