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Client: T&B Equipment

  • Sell Side Assignment
  • Rental Equipment Provider
  • TKO Miller Found a Buyer That was Comfortable With a Capital-Intensive Business
  • Family Owner Rolled Equity into the Transaction but was Removed from Personal Debt Guarantees

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Family-Owned Business Finds Private Equity Partner to Finance Growth

T&B Equipment Co. is a leading provider of temporary seating, staging, and other equipment used at high-profile sporting and entertainment events throughout North America and internationally. Following several years of strong growth, T&B’s owners decided it was time to market the business in the hope of finding a financial partner that could provide the capital needed to fuel T&B’s continued growth, while at the same time allowing its owners to take some chips off the table.

It was important for T&B’s President to find a buyer that would not only maximize value for the Company’s shareholders, but that would also be willing to provide capital for future growth and allow for reinvestment of proceeds following a transaction. TKO Miller targeted a broad universe of both financial and strategic buyers who would be capable of meeting the sellers’ objectives.

TKO Miller moved forward with SGA Production Services, a portfolio company of private equity firm Dubin Clark & Company. Dubin Clark had experienced success in the event rental industry previously and was seeking to build a platform to provide event equipment and services. Ultimately, T&B’s shareholders maximized the value received for their business, and the combined entity will be better positioned to grow and to effectively serve both T&B’s and SGA’s customers going forward.

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