12/23/2005

Classic Party Rentals, the leading event rental company in the U.S., has acquired Ducky-Bob’s Party & Tent Rentals, one of the most-recognized tents and rentals brands, and Abbey Event Services. These acquisitions further Classic Party Rentals’ growth in the events market and expand its geographic reach further into the Southwest. The company now has 14 locations and generates combined annual revenues of $140 million.

Ducky-Bob’s, with locations in Dallas and Fort Worth, is the leading full-service rental company in Texas. The company facilitates rentals for prestigious fundraisers and works with venues such as the Texas Motor Speedway, Texas Stadium and area universities including Southern Methodist University and Texas Christian University. The company will continue operating as Ducky-Bob’s Party & Tent Rentals in the Dallas/Fort Worth area.

Abbey Event Services, located in Montebello, Calif., is the second-largest full-service rental company serving the Los Angeles market. Abbey serves a wide variety of Hollywood studios, including Disney, Sony and Universal. The company also services famed Los Angeles venues such as Gladstone’s, Dodger Stadium and Staples Center. Abbey Event Services will be renamed Classic Party Rentals.

“With the acquisition of Ducky-Bob’s and Abbey Event Services we have immediately expanded our geographic reach and added companies with a tradition of excellent service to a distinguished list of clients,” said John Campanelli, CEO of Classic Party Rentals. “We are particularly pleased to service the elite party rental market in Texas. We look forward to welcoming Abbey Event Services’ and Ducky-Bob’s employees and clients into the Classic family.”

Ducky-Bob’s and Abbey Event Services’ clients will now have access to Classic’s $30 million rental inventory, including Unique Tabletop Rentals and Classic Tents, formerly the rental division of Aztec Tents & Events.

The rental industry mergers & acquisitions firm of Hageman, Stansberry & Associates of Cameron Park, Calif., and Arlington, Texas, represented Stellar Event & Presentation Resources in the transactions. see article here

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