Bourbon, MO-based promo products supplier and decorator Paramount Apparel International (asi/75945) has been acquired by CPC LLC, a Kansas City-based private equity firm. Financial terms of the transaction were not disclosed.

Paramount’s flagship brand, the 105-year-old Imperial, was recently voted the top headwear brand for public, private and resort golf facilities by the Association of Golf Merchandisers. Imperial is the official headwear provider for the American Junior Golf Association.

CPC, whose mantra is “Buy, Build, Hold,” says it doesn’t consider itself a traditional private equity fund, seeking instead to make long-term investments and grow businesses over decades, rather than years.

“Imperial is exactly the type of business with which CPC is looking to partner,” said Wiley Curran, principal at CPC, in a press release. “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 at Paramount Apparel, with all of its manufacturing and distribution facilities in Missouri continuing to operate as usual. The management team will also remain intact.

“We are extremely excited about CPC’s acquisition of Paramount,” said Todd Johnson, president and chief operating officer of Paramount Apparel, in a press release. “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.”