Investment Summary

Tonka Bay Equity Partners and Goldner Hawn Exits Quest Events

On January 8, 2019, private equity firm TZP Group invested in business services company Quest Events from Tonka Bay Equity Partners and Goldner Hawn

Investment Highlights
  • This is TZP Group’s 5th transaction in the Business Services sector.
  • This is TZP Group’s 27th transaction in the United States.
  • This is TZP Group’s 3rd transaction in Texas.

Investment Summary

Date 2019-01-08
Target Quest Events
Sector Business Services
Investor(s) TZP Group
Sellers(s) Tonka Bay Equity Partners
Goldner Hawn
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.

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Investor(S) 1

Investor

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York, New York.


DEAL STATS #
Overall 29 of 51
Sector: Business Services M&A 5 of 7
Type: Secondary Buyout M&A Deals 7 of 9
State: Texas M&A 3 of 5
Country: United States M&A 27 of 48
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Resolvion

Charlotte, North Carolina, United States

Resolvion is a provider of automotive asset recovery and repossession services and leverages a network of over 750 contracted and licensed repossession agents. Resolvion was established in 1996 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 TLC Hospitality

Garland, Texas, United States

TLC Hospitality is an asset-light logistics provider of FF&E. Customers of TLC include REITs, management companies, purchasing groups, developers, general contractors, designers, and individual owner-operators. TLC Hospitality is based in Garland, Texas.

Sell -

Seller(S) 2

SELLER

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 18 of 24
Sector: Business Services M&A 3 of 4
Type: Secondary Buyout M&A Deals 9 of 11
State: Texas M&A 1 of 1
Country: United States M&A 18 of 24
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Solve Industrial Motion Group

Charlotte, North Carolina, United States

Solve Industrial Motion Group is a provider of metric and American standard power transmission products including ball bearings, mounted bearings, linear bearings, bearing housings and a variety of roller chain and belt drive components. Solve Industrial Motion Group was founded in 1994 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 AppleWhite Dental Partners

Dubuque, Iowa, United States

Applewhite Dental Partners is a dental services organization with locations in Iowa, Illinois, Wisconsin, and Minnesota. Over the past 10 years, Applewhite has remained at the forefront of the dental field and currently employs over 150 dentists and hygienists. Through a network of 35 offices, Applewhite offers comprehensive dental care to nearly 185,000 patients annually.

Sell -
SELLER

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 27 of 34
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 14
State: Texas M&A 1 of 1
Country: United States M&A 27 of 34
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 CTM Group

Salem, New Hampshire, United States

CTM Group, Inc. is a global provider of managed entertainment and souvenir solutions for tourist destination and other high-traffic venues, including theme and amusement parks, zoos, aquariums, museums, and retail locations worldwide. CTM has an international network of blue-chip venue partners and more than 10,000 pieces of installed equipment in over 2,000 popular venues. CTM is the provider of choice for entertainment and souvenir concepts at iconic tourist and retail destinations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 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.

Sell -