Tonka Bay Invests in Quest Events
June 9th, 2015
MINNETONKA, Minnesota (June 9, 2015) —Tonka Bay Equity Partners LLC (“Tonka Bay”) has announced an investment in Quest Events (“Quest” or the “Company”), a market leader in the rental, distribution, and logistics of drapery and related products for special events serving the hotel, hospitality, and entertainment industries. Tonka Bay has partnered with Minneapolis based private equity firm Goldner Hawn Johnson & Morrison (“GHJ&M”) along with Quest management to execute the growth strategy of the Company.
Headquartered in Frisco, Texas, Quest is a leader in drapery rental and related products serving the hotel, hospitality, and entertainment industries. Since its founding in 1998, the Company has grown to 16 locations across the United States by focusing on renting all types of specialty drapery to its customers in a timely and seamless manner.
Lee Dunlap, CEO of Quest, said “Our team has built a reputation based on filling our customer’s unique needs in a timely and efficient manner. The Company is well positioned to capitalize on its growth potential and we looking forward to working with GHJ&M and Tonka Bay to capture the opportunity in front of us.”
Steve Soderling, Principal of Tonka Bay and Quest Board member, stated “Lee and the team have built an impressive business that is focused on getting the customer what they want when they want it. We are excited to be working with such a world class organization and are eager to see what management can do throughout the next stage of the Company’s growth.”
About Quest Events
Headquartered in Frisco, Texas, Quest is a market leader in the rental, distribution, and logistics of drapery and related product serving the hotel, hospitality, and entertainment industries. Trusted in the events industry since 1998, Quest has a reputation of delivering quality with professional results. Quest arrives onsite ready to create a unique environment to set the tone for an unforgettable event with the customer’s vision in mind. Quest Drape. The best drape. The best service. For more information about Quest, please visit www.questdrape.com
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.