Chicago, IL – LaSalle Capital Group, L.P. (“LaSalle Capital”) is pleased to announce that its portfolio company, Paramount Building Solutions, LLC (“Paramount”), has acquired Starlight Building Maintenance, Inc. (“Starlight”) of Burlingame, CA.
Founded in 1972, Starlight is a high-quality provider of janitorial and building maintenance services to regional and national grocery and drug store chains on the West Coast. The combined company will be led by Mike Tie and Phil Williams, who founded Paramount in 2003. “Starlight adds significant value to the Paramount organization in that it gives us an expanded geographic presence, a broader service offering and experienced operators that will allow us to better serve our customers,” commented Mr. Tie, CEO of Paramount.
“We are thrilled to have completed this important step in building Paramount into a leading national provider of janitorial services to retailers,” stated Kelly Cornelis, Managing Director at LaSalle Capital. “Starlight’s business is extremely complementary in terms of geography, focus on premier retailers and commitment to quality. This acquisition allows us to significantly broaden our customer base and better position the company for continued growth.”