Concord Holdings Acquires Paramount Placement, Skilled-Trades Staffing Firm

NewsData.io · United States · Aug 21, 2026

Concord Holdings Management has acquired Paramount Placement, a national skilled-trades staffing and direct placement firm founded in 2017 and headquartered in Swansea, MA. Paramount specializes in licensed blue-collar roles including HVAC, electrical, plumbing, welding, and heavy equipment, serving over 450 clients annually and completing more than 5,000 placements to date. Route 2 Capital Partners provided co-investment alongside Concord Holdings to support Paramount's growth, with COO Nicholas Sillaro stepping up as President and founder Steve Smith transitioning to a senior advisory role. The acquirer cited structural skilled-trades labor shortages and anticipated infrastructure buildouts as key drivers of the platform's long-term growth thesis.