CPC, LLC announces the acquisition of Paramount Apparel International

KANSAS CITY, Jan. 13, 2022 /PRNewswire-PRWeb/ -- CPC, LLC announced that it has completed the acquisition of Paramount Apparel International ("Paramount") from the company's founding families. Founded in 1929, Paramount's Imperial brand is the established market leader in embellished golf headwear and apparel, currently featured in 97 of the top 100 golf pro-shops. Over the last two decades, Paramount has used its extensive creative design, procurement, and fulfillment capabilities to expand its Global Brand Solutions ("GBS") division. GBS offers a suite of capabilities to apparel brands seeking to deliver headwear and apparel on a quick turn basis. Based in Bourbon, Missouri, Paramount employs over five hundred people across its six facilities and will continue to be led by its current management team.

This subsidiary acquisition is the first for CPC, LLC, a permanent investment vehicle recently formed to buy, build, and hold businesses with a long-term, indefinite, time horizon. "It's been clear from day one that Paramount's unique approach, excellent team, and strong culture were a direct reflection of the long and storied history of this business. As new owners, we are buying this business to build it and keep it for the long term, with no intention to sell in the typical 5-7 year time horizon typical for Private Equity Groups," commented Wiley Curran, Chairman of CPC. As part of the Paramount acquisition, the Paramount's founding families retained ownership at both the Paramount level and received an ownership interest in CPC, LLC. "We are excited to welcome CPC into our 92-year old history at Paramount, but also to join CPC in their new business. We believe both will be strong investments for our families well into the future" explained Bruce Levinson, Mark Rubenstein, and Alex Levinson in a joint statement. For Paramount, the acquisition brings resources and expertise for continued growth in both the Imperial and GBS business lines. Paramount CEO Todd Johnson added, "Our team deeply aligns with CPC on the keys to success, and I am excited to be an owner in the future of this great business."

About CPC
CPC is a permanent investment vehicle organized as a company, not a traditional private equity fund – a structure that enables CPC to implement the best strategies to create defensible, long-term value aligning the incentives of shareholders, management, and all stakeholders in CPC's businesses. Sustainable competitive advantage derives from long-term investments in innovation, workforce development, the adoption of new technologies, and supply chain improvements.

CPC has many unique traits that differentiate it from traditional private equity firms. CPC is owned by large family offices and successful entrepreneurs that are collectively aligned around long term decision making and wealth creation. CPC was formed from the merging of Curran Companies' and C3 Capital's management teams. CPC seeks to deploy at least $500MM into lower middle market businesses over the next five years. It does not use enterprise leverage to fund acquisitions, instead focusing management teams to excel in what CPC calls the Five Key Battles: People, Systems and Processes, Execution, Customer Intimacy, and Product Leadership. Prior to forming CPC, the management team has invested in over 100 businesses covering a wide variety of industries. CPC's website can be found at CPC.LLC and any inquiries can be directed to [email protected].

About Paramount
Founded as a headwear manufacturer in 1929, Paramount has evolved into a diversified apparel, headwear, and accessories company under the Imperial and Global Brand Solutions brands. Paramount is known for quality craftsmanship, strong leadership, and a great ability to forecast market needs. As a privately held company led by the third and fourth generation of the founding family, Paramount continues to offer renowned customer service and instills pride in everything it does.

Integris Partners provided sell-side representation for Paramount. Polsinelli and Stinson, LLP provided legal representation for the buyer and seller respectively.

This document was prepared by CPC Management, LLC for the benefit and internal use of the party to whom it is directly addressed and delivered. None of the materials, nor any content, may be altered in any way, transmitted to, copied, reproduced or distributed in any format in whole or in part to any other party without the express written consent of the Manager, which manages CPC, LLC.

This document does not constitute, or form part of, an offer to purchase or issue interests in or any security or investment product. Any such offer or solicitation will only be made pursuant to a Confidential Private Placement Memorandum (together with any supplements thereto, the "Memorandum") and the relevant subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with the offering. Any decision by an investor to invest in the securities described herein should be made after a careful review of the Memorandum, the conduct of such investigations as an investor deems necessary or appropriate and after consultation with legal, accounting, tax and other advisors in order to make an independent determination of the suitability and consequences of an investment in the securities.

Media Contact

Elizabeth Grady, CPC, LLC, 1 816-756-2225, [email protected]

SOURCE CPC, LLC