Tonka Bay Equity Partners has made an investment in Quest Events, a provider of drapery rental services to the hotel, hospitality, and entertainment industries.
Co-investing in the transaction with Tonka Bay was Goldner Hawn Johnson & Morrison and certain members of the company’s management team. Quest Events was a portfolio company of PVB Capital, Gemini Investors, and Harbert Mezzanine Partners.
Quest Events rents, distributes, and provides logistics for drapery and other products used at special events. Products are used as room wraps, stage backdrops, room dividers, entrances, and private concealment. The company and has 16 locations across the United States and is led by its CEO Lee Dunlap. Quest Events was founded in 1998 and is headquartered north of Dallas in Frisco, TX (www.questdrape.com).
“Lee and the team have built an impressive business that is focused on getting the customer what they want when they want it. We are excited to be working with such a world class organization and are eager to see what management can do throughout the next stage of the company’s growth,” said Steve Soderling, Principal of Tonka Bay.
Tonka Bay Equity Partners invests in manufacturing, value-added distribution and business services companies with EBITDA greater than $2 million. The firm is based in the Minneapolis suburb of Minnetonka (www.tonkabayequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-9-15
