Dubin Clark sells PEAK Event Services to Bright Event Rentals in strategic growth move
In a strategic move underscoring the dynamism within the lower middle market, Dubin Clark, a private equity firm renowned for nurturing niche market leaders, announced the sale of its portfolio company, PEAK Event Services, to Bright Event Rentals, a portfolio entity of Trivest Partners. This transaction not only signifies a pivotal growth phase for PEAK Event Services—one of the country’s most extensive party and event rental businesses—but also highlights the intricate web of acquisitions and strategic partnerships that define the sector’s competitive landscape.
PEAK Event Services has distinguished itself through a comprehensive range of rental services, boasting an expansive inventory that spans traditional and boutique table linens, expert tenting services, and a vast assortment of party and event equipment. Since its recapitalization by Dubin Clark in November 2014, PEAK has expanded its scale, service offerings, and geographical footprint through the strategic acquisition of six add-on companies, enhancing its market leadership position.
Jennifer Gullins, CEO of PEAK, expressed gratitude for Dubin Clark’s support, particularly during the tumultuous periods of the pandemic and the subsequent recovery of the event industry. She looks forward to the company’s next growth phase under the auspices of Bright Event Rentals and Trivest.
Thomas Caracciolo, Managing Partner at Dubin Clark, praised the PEAK management team’s achievements, attributing the company’s success to strategic acquisitions and robust leadership that navigated the firm through challenging times, setting a solid foundation for future growth.
Stifel, a venerable investment firm known for its comprehensive financial services, played a crucial role as the exclusive financial advisor to PEAK Event Services and Dubin Clark, facilitating this notable transaction within the event rental industry.
This strategic sale not only marks a new chapter for PEAK Event Services under Bright Event Rentals and Trivest Partners but also showcases the potential for growth and expansion within the event services market. As the industry continues to evolve, such partnerships and acquisitions are pivotal for companies aiming to enhance their service offerings and market reach.
The sale of PEAK Event Services to Bright Event Rentals signifies a momentous development in the event rental industry, reflecting the strategic vision of Dubin Clark and the potential for PEAK under new leadership. This transaction underscores the importance of strategic acquisitions and partnerships in achieving scale and enhancing service diversity, positioning PEAK for continued success in a competitive landscape.