Imperial and its parent company Paramount Apparel International, is proud to announce it has been acquired by CPC LLC, a Kansas City-based family office investment firm.
CPC, whose mantra is “Buy, Build, Hold,” was formed by the partners of Curran Companies and C3 Capital with the shared vision of becoming world class partners for great companies. CPC is a company, not a traditional private equity fund, that seeks to make long-term investments and grow businesses over decades, not years.
“Imperial is exactly the type of business with which CPC is looking to partner,” said Wiley Curran, Principal at CPC LLC. “It is well-managed, a brand leader in its category, has high standards for conducting business and strongly positioned for expansion. We are looking forward to a bright future and longstanding partnership with Imperial.”
There will be no changes to the operations of Imperial or its parent company, Paramount Apparel International. All manufacturing and distribution facilities in the state of Missouri will continue to operate as usual. Also, management for Imperial will remain fully intact, focusing on the continued growth and success of the 105-year old brand.
“We are extremely excited about CPC’s acquisition of Paramount, including the Imperial brand,” said Todd Johnson, President & Chief Operating Officer of Paramount Apparel International. “CPC has made it very clear how committed they are to the future of Imperial, as well as the long-term success of our Company. Their strategy to buy, build and hold businesses is aligned with the current ownership’s vision for the future of Imperial and Paramount.”