Hilco Industrial to Manage Sale of Tenting Assets for Classic Party Rental
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Hilco Industrial has announced the immediate private treaty sale process for the tenting assets of Classic Party Rentals, the nation's largest event and party equipment rental company. Following a recent strategic decision by Classic Party Rentals (www.classicpartyrentals.com) to exit the third-party event rental services business, the company hired Hilco Industrial to run a private treaty sale process that begins immediately. With over 25 locations, Classic Party Rental, the nation's leading event rental and services provider, has been contracted to run, on average, over 150,000 events and celebrations per year. This sale will feature an unparalleled range of tenting assets.
Largest U.S. Event Rental Company to Sell All Tent Assets
The sale begins immediately and includes substantially all assets from the tenting business unit of Classic Party Rentals. For additional information please visit www.hilcoind.com, or contact:
• Jody Bacque - Hilco Industrial, jbacque@hilcoglobal.com or +1 251.404.2367
• Brent Bonham - Hilco Industrial, bbonham@hilcoglobal.com or +1 616.328.6890
"This is a terrific opportunity for another event company to purchase
high quality party and tenting equipment for a great value," John Magnuson, COO at Hilco Industrial, said. "We believe that this is a unique sale with high end assets that rarely become available."
About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees.
Hilco Industrial is in Northbrook, Illinois and operates as a part of Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, consulting and strategic capital investments.
About Classic Party Rentals: Classic Party Rentals (CPR) is the nation's largest event rental company with 25 locations worldwide and over 30 years of history in the industry. CPR's clientele consists predominantly of large scale event services tenting i.e. PGA tour, ATP, NASCAR, etc. CPR consists of two business units; party and tenting. The party assets consist of tables, chairs, decorations, flatware, etc. The tenting assets are large commercial tents and their related support equipment.
