Paramax Corporation

Paramax is excited to announce the successful acquisition of Empire Emergency Apparatus, Inc. by Island Tech Services, a subsidiary of Aavin Equity Advisors, LLC. ? Empire Emergency Apparatus, Inc. (“Empire”) (www.empireemergency.com), a recognized leader in emergency services equipment, offers a comprehensive range of products and services across four key sectors: police vehicle customization and upgrades, fire vehicle certification and customization, commercial vehicle enhancements, and the provision of high-quality rescue equipment. With a strong reputation for delivering tailored solutions, Empire plays a pivotal role in meeting the specialized needs of law enforcement, fire departments, commercial fleets, and rescue operations. The company’s expansive capabilities provide a solid foundation for future growth, both regionally and nationally, as it continues to serve an ever-evolving market. Known for its commitment to quality, Empire Emergency Apparatus combines years of industry experience with innovative solutions to ensure its clients receive the best in vehicle and equipment customization, while also positioning itself for continued leadership in the sector. ? Island Tech Services (“ITS”) (www.itsg.us.com) is a leading provider of innovative IT solutions that enhance mobility and vehicle upfitting, with a focus on empowering law enforcement agencies, first responders, and businesses across various industries. Committed to delivering cutting-edge technology, ITS offers a comprehensive range of solutions, including mobile technology, managed IT services, vehicle enhancements, and robust cybersecurity measures, designed to meet the specific needs of public safety, transportation, utilities, and commercial sectors. With a reputation for excellence and a forward-thinking approach, Island Tech Services is dedicated to helping clients stay ahead in an ever-evolving digital landscape. ? Aavin Equity Advisors, LLC. (“AAVIN”) (www.aavin.com) is a private equity firm focused on deploying capital into established, profitable businesses located in underserved domestic markets within the lower-middle market segment. Specializing in buyouts and recapitalizations of founder- or family-owned companies, AAVIN has a strong track record of success, having completed over 300 investments across a diverse range of industries. Their experienced team works closely with business owners to create value through strategic partnerships, helping to foster growth and long-term sustainability. With a keen focus on identifying opportunities in undercapitalized regions, AAVIN continues to drive success and generate value for its portfolio companies and investors. ? Paramax served as the exclusive M&A advisor to Empire Emergency Apparatus on this transaction. For more information about this transaction or to explore opportunities with Paramax, please contact our Paramax deal team: Russell D'Alba, Timothy Minneci, Adam Harris, MBA, CPA

Paramax is excited to announce the successful divestiture of DWC Mechanical, Inc. (“DWC”) (www.dwcmechanical.com) to CHVAC Services Holdings, LLC, d/b/a NexCore (“NexCore”) (www.nxcus.com), a portfolio company of Trinity Hunt Partners (“Trinity Hunt”) (www.trinityhunt.com). Founded in 1995, DWC is a leading regional HVAC contractor focused on commercial service and installation.?Serving customers throughout New York and Florida, DWC is one of the premier regional brands in the commercial HVAC installation and service market. Led by Dave Cloy, DWC has grown rapidly through a shared commitment to culture and delivering exceptional customer service. NexCore, a portfolio company of Trinity Hunt Partners, is a large regional commercial heating, ventilation, HVAC, and facility services platform focused on maintenance, repair, replacement, and service work for its clients. In the midst of an industry roll-up strategy, NexCore is aggressively building a mechanical contracting platform throughout the United States.?Alongside its core HVAC capabilities, NexCore also offers electrical, plumbing, construction, and building automation services to its customers, providing a single-source solution for facility maintenance and repair needs. Paramax served as the exclusive M&A advisor to DWC on this transaction. For additional information regarding this transaction, please contact the Paramax deal team: Stephen Hadala, Timothy Minneci, Russell D'Alba, Tyler Trubish

Paramax is pleased to announce the promotion of Adam Harris, MBA, CPA to Vice President. Since joining Paramax as an Associate, Adam has become a key contributor across various completed transactions, while playing critical roles as part of Paramax’s Transaction Team. “Over the past four years, Adam has exemplified everything Paramax values in a team member,” commented Russell D'Alba, President and Managing Director. “His intelligence, dedication, and deep understanding of our work have made him an indispensable part of the firm. Throughout his tenure, Adam has consistently delivered outstanding results for our clients, earning their trust with his professionalism and thoughtful insights.” Beyond his technical skills, Adam’s outgoing and personable nature, along with his passion and energy, inspires those around him and he has demonstrated what it means to be an emerging leader within the firm. We are excited for Adam to continue to excel in his new role and are confident that with Adam’s contributions to Paramax’s leadership, the firm will only grow stronger. Prior to joining Paramax, Adam was employed at Deloitte and ACV Auctions and is a graduate of Canisius College where he received both an MBA and BS in Accounting. Additionally, he is a New York State Certified Public Accountant (CPA), holds a Lean Six Sigma certification in continuous improvement, and holds FINRA Series 63, 79, 82, and SIE licenses. In his free time, Adam enjoys spending time with his family, golfing, and home design and renovations.

Paramax is pleased to announce the addition of Griffin O'Brien, CPA, MBAA to its Transaction Team. Griffin will be advising Paramax clients on M&A transactions throughout a variety of industries. Griffin brings relevant experience to Paramax which includes two years of experience at Deloitte in their audit department, where he planned and organized both public and private audit engagements as well as executed audit procedures in high-risk areas. He also completed accounting and finance internships at Moog Inc., People Inc., and the Financial Trust Federal Credit Union. Griffin is a New York State Certified Public Accountant (CPA) and a graduate of Canisius University’s Richard J. Wehle School of Business, where he earned his MBA in Professional Accounting and his BS in Accounting and Finance. Griffin was selected to be a member of the Canisius All-College Honors Program. Additionally, he was an active member of Canisius’ Accounting Society and NCAA Division I Men’s Lacrosse Team. In his free time, Griffin stays active by competing in triathlons and participating in various sports leagues, while also enjoying traveling with friends and family. We are excited to have Griffin as part of the Paramax team!

We’re thrilled to announce the successful Epic Supply, LLC acquisition by WinSupply Inc., facilitated by Paramax. Epic Supply, LLC (“Epic”) (www.epicsupply.com), headquartered in the Dallas, TX market, is a premier provider of commercial plumbing supplies including a premium line card of fixtures, as well as additional products such as water heaters, drains, pipe, valves, fittings, and other supplies. Founded in 2007 by the Hall and Ryon families, Epic Supply has been a long-time member of the Affiliated Distributors buying group. Known for exceptional service and unwavering reliability, Epic serves a premier customer base on projects ranging from large-scale developments such as football stadiums and hospitals to smaller commercial projects in the Education, Healthcare, Hospitality, and Technology markets. Epic serves the greater Dallas metroplex from two locations in Dallas, TX, and Fort Worth, TX. The buyer, WinSupply Inc. (“WinSupply”) (www.winsupplyinc.com), is a leading national wholesale distributor of plumbing and other mechanical building product supplies for residential, commercial, and industrial construction applications throughout the US. Since its founding in 1956, WinSupply has empowered ambitious entrepreneurs to own and operate successful businesses, supported by a robust network of dedicated services and expertise. Renowned for excellence in business-to-business wholesale distribution, WinSupply offers a comprehensive array of products, including plumbing supplies, industrial pipe, valves and fittings, HVAC and refrigeration equipment, hydronic systems, electrical supplies, waterworks and utility supplies, pumps, fastening hardware, irrigation, and landscape supplies. Paramax served as the exclusive M&A advisor to Epic Supply on this transaction. For additional information regarding this transaction, please contact the Paramax deal team: Stephen Hadala, Zachary McGee

Paramax is excited to announce the successful acquisition of Empire Distributing (“Empire”) (www.empiredistributing.net) by Blackford Capital, marking a key milestone in the hearth and outdoor living sector. This acquisition strategically expands Blackford’s Patio Platform and enhances its market position as a leader in this dynamic and growing industry. Empire has built its reputation over decades as a premier distributor of hearth and outdoor living products throughout the Northeast, Midwest, and Mid-Atlantic. With an extensive range of products sourced from leading manufacturers, Empire has consistently delivered on quality and customer satisfaction. In 2023, Empire further diversified its offerings with the acquisition of Fire Farm, adding outdoor kitchen cabinets and fireplace kits to its portfolio—an innovative move that responds to increasing consumer demand for enhanced outdoor living spaces. The buyer, Blackford Capital (“Blackford”) (www.blackfordcapital.com), based in Grand Rapids, MI, continues its growth trajectory, focusing on scaling lower middle-market manufacturing, distribution, and consumer product companies. Since its founding in 2010, Blackford has demonstrated a consistent track record of building value, delivering results, and driving growth. This acquisition of Empire is a strategic move to leverage the company’s established brand and product portfolio, further expanding Blackford’s presence in the outdoor living market and positioning its Patio Platform for accelerated growth. Paramax served as the exclusive M&A advisor to Empire Distributing utilizing its deep industry expertise to guide the transaction and deliver a successful outcome. For more information about this transaction or to explore opportunities with Paramax, please contact our Paramax deal team: Nicholas Morreale, Jesse DellaPenna, Timothy Minneci

We're pleased to announce the promotion of Jesse DellaPenna to the position of Senior Associate in the transaction processing team at Paramax. Jesse joined the firm in 2021 and has progressed well through the various stages and phases of M&A transactions and he has demonstrated proficiency in all aspects of the process. Prior to joining Paramax, Jesse began his career at Citigroup as an Equity Research Associate building financial models, writing research notes for institutional investors, and performing analysis and valuations within the consumer discretionary sector.?Most recently, Jesse was a Financial Analyst at M&T.?Jesse earned his MBA from St. Bonaventure University and he holds FINRA Series 63, 79, 82, and Securities Industry Essentials (SIE) licenses. “Jesse has excelled in his role as part of the transaction and process team at Paramax adding valuable contributions, insight and performance to the team to successfully complete transactions for our clients. Jesse has become an integral part of the transaction team, having participated in a number of completed deals across a range of different industries. We look forward to Jesse’s continued success and progression at Paramax well into the future” commented Joe Donovan, SVP at Paramax. #ParamaxTeam #SeniorAssociate #Leadership

Paramax Advised on the Sale of Trophy Point, LLC to YOUNG & Associates LLC, a Portfolio Company of CIVC Partners, L.P. Trophy Point, LLC (“Trophy Point”) (www.trophypoint.com) is a leading provider of construction cost estimating services, construction field services and support, and construction scheduling to a variety of premier customers throughout the United States. The Company serves a diverse base of blue-chip customers operating in end markets such as Higher Education, K-12, Transportation/Infrastructure, Municipal/Civil, Healthcare, and Military.?The Company operates out of four locations in Buffalo, NY, New York, NY, Pittsburgh, PA, and Chicago, IL. The buyer, YOUNG & Associates LLC (“YA”) (www.yagroup.com), is a leading nationwide property damage consulting firm, providing damage assessments, cost estimating, forensic engineering and construction management services to insurance carriers, claims services firms, and a variety of other customers. The acquisition of Trophy Point will continue to expand YA’s construction management segment services and customer base.?Founded over 25 years ago, YA has grown to over 600 employees across the U.S. and internationally. The YA portfolio of companies includes YOUNG & Associates, YA Engineering Services, LLC, FCMC, LLC, Momentum Engineering, Guardian Group, and IN-Line Consulting, LLC. YA is a portfolio company of CIVC Partners, L.P. (“CIVC”) (www.civc.com), a Chicago-based private equity firm investing in leading middle-market companies in the business services sector. Paramax served as the exclusive M&A advisor to Trophy Point on this transaction. Paramax has broad experience representing a variety of companies in the construction/facilities services industries.?For additional information regarding this transaction or Paramax’s extensive experience representing service companies, please contact the Paramax deal team: Andrea Feine, Stephen Hadala, Zachary McGee

Congratulations to Andrea Feine, Senior Vice President at Paramax Corporation, for her outstanding achievement in making Buffalo Business First's 2024 Power 200 Women's list. This well-deserved recognition celebrates the remarkable accomplishments of powerful and successful women in Western New York. Andrea's dedication, leadership, and contributions have undoubtedly made a significant impact on the business community, inspiring and empowering others to strive for excellence. View the full edition here: https://lnkd.in/e2z5d73t

Paramax Advised on the Sale of Allied Circuits to Motion Industries. Initially founded in 1987, and acquired by the current owners in 2008, Allied Circuits, LLC (“Allied”) (www.alliedcircuits.com) is a leading provider of process control and industrial system integration solutions that include electrical control panels, systems, and related wire harness assemblies. The Company has a full product and service offering that includes the design, programming, manufacture, integration, and field service for all their product offerings. Allied serves a variety of end markets including aerospace, automotive, filtration, fluid systems & plumbing, food & beverage, oil & gas, pharmaceutical, process industries, semi-conductor and water & wastewater treatment facilities. ? The buyer, Motion Industries, Inc. (“Motion”) (www.motion.com), a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC), is a premier industrial parts supplier in North America. Motion also offers maintenance repair and services, safety services, inventory management, automation, and conveyance solutions. The Company serves multiple industries including automotive, food and beverage, chemical and allied products, equipment and machinery, and fabricated metals. Genuine Parts Company, a renowned global service provider specializing in distributing automotive and industrial replacement parts globally. ? Owners, Chris Scinta and Chris Aquiline at Allied Circuits, said, “It’s a great match—including the business culture and core values—and we’re very excited about our customers’ expanded access to even more products and services. Motion is an industry leader, and we are pleased to integrate employee talents and contribute to the company’s growth.” ? Paramax served as the exclusive M&A advisor to Allied Circuits on this transaction. For additional information regarding this transaction, please contact the Paramax deal team: Timothy Minneci, Joe Donovan, Zachary McGee