Founded in 2017 by Steve Smith, Paramount Placement focuses on filling critical roles ranging from HVAC technicians and electricians to CNC machinists and heavy equipment operators. Based in Swansea, Massachusetts, the firm has facilitated over 5,000 placements for a diverse client list that spans Fortune 500 corporations and emerging startups. The company has earned a spot on the Inc. 5000 list for five consecutive years, reflecting consistent growth in a sector plagued by labor shortages.

Following the acquisition, the leadership structure at Paramount will shift to support long-term scaling. Founder Steve Smith will move into a senior advisory role, while former Chief Operating Officer Nicholas Sillaro steps up as President. Concord Holdings, led by Managing Partner Patrick Conroy, aims to professionalize the platform through technology adoption and inorganic growth strategies. According to Conroy, the firm targets durable service businesses that can leverage the anticipated surge in infrastructure development over the next decade.