QUEST EVENTS HAS BEEN ACQUIRED BY TZP GROUP
Prestwick is pleased to announce the sale of Quest Events to TZP Group, a New York-based private equity firm. Prestwick acted as the exclusive advisor to Quest Events and its private equity owners, Goldner Hawn and Tonka Bay Equity Partners. The terms of the transaction were not disclosed.
Quest Events, headquartered in Frisco, Texas, is North America’s market leader in providing pipe and drape, scenic and furnishing rental solutions to the AV, hospitality, events, wedding and exhibition industries. With 25 locations and 400+ employees across the U.S. and an office in Toronto, Canada, Quest Events partners with clients to provide the most creative, effective and efficient rental solutions and installation services available on the market today. In select markets, Quest Events offers specialty draping, furnishings, and scenic décor under the following brand names: Event Drapery, Visual Elements, A&D Scenery and TOTALLY MOD.
TZP Group, a private equity firm with assets under management of more than $1.3 billion across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical profitability and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long‐term value creation.