Investment Summary

PVB Capital, Dubin Clark and Gemini Investors Exit Quest Events

On June 9, 2015, private equity firms Tonka Bay Equity Partners and Goldner Hawn invested in business services company Quest Events from PVB Capital, Dubin Clark and Gemini Investors

Investment Highlights
  • This is Tonka Bay Equity Partners’ 3rd and Goldner Hawn’s 1st transaction in the Business Services sector.
  • This is Tonka Bay Equity Partners’ 25th and Goldner Hawn’s 37th transaction in the United States.
  • This is Tonka Bay Equity Partners’ 1st and Goldner Hawn’s 1st transaction in Texas.
Investment Fate
  • Quest Events was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2015-06-09
Target Quest Events
Sector Business Services
Investor(s) Tonka Bay Equity Partners
Goldner Hawn
Sellers(s) PVB Capital
Dubin Clark
Gemini Investors
Deal Type Secondary Buyout

Target

Quest Events

Frisco, Texas, United States
Quest Events is a provider of pipe and drape, scenic and furnishing rental solutions to the AV, hospitality, events, bridal and exhibition industries in North America. With 27 locations across the U.S. and an office in Toronto, Canada, Quest Events partners with clients to provide creative, effective and efficient rental solutions and installation services. Quest Events was formed in 1998 and is based in Frisco, Texas.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 25 of 34
Sector: Business Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 3 of 5
State: Texas M&A 1 of 1
Country: United States M&A 25 of 33
Year: 2015 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Sierra Performance Coatings

Minnetonka, Minnesota, United States

Sierra Performance Coatings is a manufacturer of custom industrial coatings, sealants, and paints. The company focuses on the research, development, and custom manufacturing of industrial coatings for a variety of different end markets and commercial applications. Sierra Performance Coatings is based in Minnetonka, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 United Skin Specialists

Plymouth, Minnesota, United States

United Skin Specialists is a provider of practice management services to a variety of well-established dermatology offices. USS’s goal is to enable successful dermatology practices in maintaining and expanding their patient oriented dermatologic services while creating a great work environment for the providers and their support staff. United Skin Specialists was established in 2015 and is based in Plymouth, Minnesota.

Buy -
Investor

Goldner Hawn

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn is a private equity firm that targets middle market companies in the Midwest US. Goldner Hawn generally looks for businesses valued between $25 and $150 million and looks to invest between $10 to $30 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. Goldner Hawn prefers control investments, but in certain instances, the Firm will also consider minority positions. Goldner Hawn was formed in 1989 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 37 of 50
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 4
State: Texas M&A 1 of 1
Country: United States M&A 37 of 50
Year: 2015 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Armor Animal Health

Beaver Dam, Wisconsin, United States

Armor Animal Health is a provider of animal health and veterinary products for dairy and livestock producers. Armor’s model combines an in-house veterinary service (consultations and prescription writing) with a robust distribution capability of both prescription and over-the-counter products, creating an efficient and convenient source of animal health products for its customers. Armor Animal Health was founded in 1982 and is based in Beaver Dam, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 Stellar Materials

Whitmore Lake, Michigan, United States

Stellar Materials LLC is a manufacturer of patented specialty chemicals and materials sold worldwide under the Thermbond® brand. Thermbond® products serve as linings in furnaces used in the metals, minerals, and hydrocarbon processing industries.

Buy -

Seller(S) 3

DESCRIPTION

PVB Capital LLC is a family office focused on investing in real estate and venture capital opportunities. PVB Capital is based in Pente Vedra Beach, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
SELLER

Dubin Clark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help fund acquisitions and grow the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark was formed in 1984 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 7 of 16
Sector: Business Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 4 of 9
State: Texas M&A 3 of 3
Country: United States M&A 7 of 16
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Peterson Party Center

Woburn, Massachusetts, United States

Peterson Party Center, Inc. offers beverage-bar products, bowls, chafing dishes, chairs, chargers, chinaware, coffee equipment, concession equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 United Safety & Survivability

Exton, Pennsylvania, United States

United Safety & Survivability is a manufacturer of innovative safety and survivability solutions for extreme-duty, niche transportation markets. USSC’s primary products are driver seats, passenger seats, fire suppression products, and related spare parts. United Safety & Survivability was founded in 1985 and is based in Exton, Pennsylvania.

Buy -
SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 26 of 53
Sector: Business Services M&A 3 of 7
Type: Secondary Buyout M&A Deals 10 of 14
State: Texas M&A 2 of 4
Country: United States M&A 26 of 53
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Geronimo Alloys

Seguin, Texas, United States

Geronimo Alloys is a manufacturer of hardened metal alloy replacement components. Geronimo Alloys was founded in 1984 and is based in Seguin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 360 Physical Therapy

Chandler, Arizona, United States

360 Physical Therapy operates outpatient physical therapy clinics that treat a wide range of orthopedic, chronic pain, neuropathic, and vestibular disorders. 360 Physical Therapy was founded in 2001 and is based in Chandler, Arizona.

Buy -