June 19, 2006
Contact: Bryan DeSena
Roddan Paolucci Roddan
Acquisition Solidifies Classic Party Rentals as the Nation’s Leading Single-Source Supplier for the Special Events Industry
El Segundo, CA – Classic Party Rentals, the premier event rental company in the U.S., has acquired Prime Event Group (Prime), a leading provider of European-style structures renowned for its customer service and turnkey event solutions. The acquisition furthers Classic Party Rentals’ growth in the events industry and adds new capabilities and geographic coverage to the Classic network. Classic Party Rentals – based in El Segundo, California – now has 16 locations and generates combined annual revenues of $170 million.
Prime’s services are now immediately available to the Classic Party Rentals sales team and its broad client base. Likewise, Prime’s clients now have access to Classic Party Rentals’ broad inventory of china, glassware, flatware, linens, designer furniture, tables, chairs, and kitchen equipment. Prime’s services include a large depth and breadth of tent structures, HVAC (heating, ventilation, air conditioning), power generation, electrical distribution, interior lining, lighting, flooring, technical design, site management, and event management support.
“This acquisition immediately provides Classic Party Rentals with additional resources and expertise, which will allow us to better serve our clients,” said John Campanelli, CEO of Classic Party Rentals. “From a strategic perspective, the addition of Prime Event Group to our network strengthens our position in Arizona, initiates our expansion into the Florida market, and further supports our existing locations in California, New Mexico, and Texas. Our goal is to enhance our position as the leading brand in the special events and temporary structure industries, and our new relationship with Prime clearly helps us to do that.”
Prime produces high-profile events across the country for a wide range of clients such as BMW, Lexus, Mercedes-Benz, US Open Tennis, NASDAQ 100, U.S. Army, Gem Show, Marriott Hotels, Westin Resorts, and the Arizona Biltmore Hotel. Prime will continue to operate its facilities in Tucson and Phoenix, Arizona, and Miami, Florida and its sales offices in Las Vegas, Nevada, Detroit, Michigan, Columbus, Ohio, and Northern Virginia under the Prime Event Group banner.
“By joining Classic Party Rentals’ network, we are providing our existing clients with an unmatched inventory of high-quality products and services,” said Prime’s Executive Vice President, Murray Hamilton. “Prime Event Group will continue to operate from the same locations and with the same staff, but now we’re backed by the country’s leading event rental company.”
“We’re thrilled to continue our expansion.” said Campanelli. “The Prime acquisition strengthens our geographic reach and ability to serve all of our clients’ event rental needs from coast-to-coast.”
About Classic Party Rentals
Classic Party Rentals is the nation’s leading full service event rental company. Classic Party Rentals facilitates a wide range of events including high-profile Hollywood award shows and premieres, memorable weddings, charity galas, and intimate private affairs. Also included in Classic Party Rentals’ repertoire are national events including golf tournaments, auto racing, and professional tennis tournaments, which are executed through the company’s Classic Tents division.
Classic Party Rentals is ranked number-one by the Zagat Survey as the “highest rated of the major party rental sources.” Classic Party Rentals is also a multiple winner of the prestigious Special Events Gala Award – the industry’s highest honor. Classic Party Rentals continues to grow; its network of locations now includes Southern California offices and warehouse in El Segundo, Culver City, Orange County, San Diego, Santa Barbara and Palm Desert; Northern California offices and warehouses in San Francisco, Modesto, and Sacramento; Tri-Rentals locations in Phoenix, Arizona and Albuquerque, New Mexico; Ducky-Bob’s Party & Tent Rentals in Dallas, Texas, Unique Tabletop Rentals, Classic Tents, and Prime Event Group all service the nationwide rental market. For more information, please visit www.classicpartyrentals.com.
901 W. Hillcrest Blvd, Inglewood, CA 90301 (310) 535-3660
© 2006 Classic Party Rentals