PPC Event Services, a portfolio company of Dubin Clark, has acquired Rentals Unlimited, a provider of special event rental equipment. This is the third add-on acquisition completed by PPC since being acquired by Dubin Clark in December 2014.
Rentals Unlimited rents linens, tables, chairs, fine china, crystal and flatware, décor, and a variety of other specialty items. The company was founded in 1990 and is headquartered 30 miles south of Boston in Stoughton, MA (www.rentals-unlimited.net).
PPC Event Services also rents party and event equipment including table linens, tents, chairs, beverage-bar products, flatware, flooring and staging, glassware, trays, platters, and stands. Customers include caterers and event planners, corporations, production companies, and charities and operating venues. The company was founded in 1877 as a renter of chairs to funeral homes. PPC is led by Bob Traina, President and CEO and is based near Boston in Woburn, MA (www.petersonpartycenter.com).
“As leaders in the special events industry, Rentals Unlimited and PPC have always had great mutual respect for one another,” said Larry Green, owner of Rentals Unlimited. “Bringing Rentals Unlimited under the PPC family of brands creates a unique team that enables our organization to continue to deliver exceptional innovative service to our customers and make it happen.”
Dubin Clark is actively seeking add‐on investments for PPC. “Larry Green and his team at Rentals Unlimited built a great company,” said Brent Paris, Partner of Dubin Clark. “We look forward to heavily investing in the combined business to fuel future growth.”
Rentals Unlimited is the latest acquisition for PPC. The company also purchased boutique linen company Table Toppers (www.ttnewton.com) in 2013 and table and chair company Reserve Modern (www.reservemoderneventrental.com) in 2015.
Last month, Dubin Clark acquired M&M Event Rentals, an event service company that provides tables, chairs, linens, tents, lighting, and other equipment for weddings, social parties, and corporate events in the Chicago metropolitan and Dallas Ft. Worth metro areas. M&M has not been consolidated with PPC and stands as a separate investment in Dubin Clark’s portfolio. M&M is headquartered in the Chicago suburb of Carol Stream (www.mmspecialevents.com).
Dubin Clark invests in companies that have from $10 million to $100 million in sales and at least $2 million of EBITDA. Sectors of interest include manufacturing, value-added distribution, and services. The firm was founded in 1984 and has offices in Boston, MA; Ponte Vedra Beach, FL; and Greenwich, CT (www.dubinclark.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-8-16
