core businesses, Parman Holdings aims to enhance its market position and create additional value for its employee-owners. Members of the executive team are evaluating potential sectors that align with the company’s business philosophy. “It’s the executive team and myself looking at what industries would complement our current core businesses,” Hockenberger explains. This thoughtful consideration ensures that any new acquisition can integrate and contribute to the company’s long-term goals.They are mainly focused on partnering with companies that wish to preserve their legacy while ensuring the well-being of their employees. Hockenberger emphasizes the human element in their acquisition strategy. “We would consider a company that wants to pass along some of their legacy and have their people cared for into the FUTURE FOCUS: STRATEGIC GROWTH AND INTEGRATION As Parman Holdings works through the current business climate, its strategic vision remains firmly set on growth and expansion. CEO Hockenberger highlights the roadmap for the next 18 months. “We’re in our year 2024, and we just have gone through two acquisitions,” she begins, acknowledging the immediate task. The company is in the cleanup phase, ensuring these new entities run smoothly and align with Parman Holdings’ operational standards. This integration period is critical as it lays the groundwork for future acquisitions.“We are continuing to look for strategic acquisitions to roll into the operating companies,” she states. This proactive approach reflects the company’s ambition to expand its footprint and diversify its portfolio further. By carefully selecting industries that complement its 8 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 07
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