Mahaffey acquires $24.2 million in tent and structure assets from Classic Party Rentals

August 2nd, 2017 / By: / Industry News, News

Mahaffey Fabric Structures has acquired more than $24.2 million in assets from Classic Party Rentals, including tents, structure frame, fabric pieces and specialty structures.

Based in Memphis, Tenn., Mahaffey provides temporary turnkey structures and shelter solutions across the United States. With this purchase, Mahaffey will have an expanded network of both personnel and products to cover large-scale activations, corporate events, festivals, sporting events, film productions and other special events nationwide.

“With the addition of more than 3.1 million square feet of tent and structure inventory, this acquisition will be an industry game changer,” said Mahaffey executive vice president George Smith in a press release. “It is a unique opportunity, not only to purchase high-end assets that rarely become available, but also to expand our coverage of the special events industry—both for rentals and subleasing. This acquisition is a great example of how Mahaffey has continued to grow and innovate throughout our more than 90 years in business.”

At one time the largest event rental and services provider in the United States, Classic Party Rentals announced in July that it was selling all of its tenting assets. Recent consolidation moves have seen Classic locations and assets acquired by other event rental companies around the nation.

Following the purchase, Mahaffey has increased its inventory of double-decker structures, as well as Roder Jet Tents, Shelter Tents, Arcum structures, Aztec Tents (Maxibeam™, Midbeam™, Minibeam™, Tectrac® SK and Tectrac® LK) and AcadaSpan Tents. The tent and structure catalog ranges in size from 10 feet to 150 feet wide, with virtually unlimited lengths. Acquired accessories include doors, lighting, HVAC, racks and more.

In addition to amplifying its special event coverage, the company is open to subleasing or selling surplus inventory.

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