CE Rental, a Dubin Clark portfolio company, has acquired Skyline Tent Company, a provider of tenting and large flooring systems to events throughout the Southeast.
Skyline Tent has an extensive inventory of structures including sailcloth tents, structure and frame tents; lighting and power systems, tent flooring, tent accessories, and tables and chairs. The company has offices in Charlottesville, VA and Charleston, SC (www.skylinetentcompany.com).
CE Rental is a provider of event rental equipment including linens, fine china, flatware, dinnerware, tents, tables, and chairs. The company serves customers in the mid-Atlantic market. CE Rental was founded in 1952 and is headquartered in Raleigh, NC (www.cerental.com).
“Both CE Rental and Skyline are leaders in their respective markets. We are enthusiastic about the expanded growth opportunities by bringing together two of the premier tabletop and tenting providers in the industry,” said Brent Paris, Managing Partner at Dubin Clark.
“The partnership between CE Rental and Skyline Tent greatly expands our strategy of being the premier full-service rental provider on the East Coast,” said James Auerbach, Senior Vice President at CE Rental. “We are excited to leverage the exclusive tabletop and tenting offerings of both CE Rental and Skyline in all of our existing markets and beyond.”
The buy of Skyline Tent is the third add-on acquisition completed by CE Rental since being acquired by Dubin Clark in February 2017. The two earlier acquisitions were Capital Party Rentals (Dulles, VA) and Festive Fare Rentals (Charlottesville, VA).
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. In July 2017, the firm closed its oversubscribed second fund, DCCP Fund II LP, with more than $100 million of capital commitments. Dubin Clark has offices in Boston, MA and Ponte Vedra Beach, FL (www.dubinclark.com).
“Joining Skyline Tent and CE Rental is a fantastic opportunity for both companies. Our new combined group will work together to elevate the quality of events in the markets we serve, and will allow us to offer all of our customers the very best combination of tents, tabletop rentals, and service across the Southeast,” said John Hingeley, President of Skyline Tent.
© 2017 Private Equity Professional | November 9, 2017