M&M Event Rentals, a rental service for party and event equipment, has entered into a recapitalization transaction with private equity firm Dubin Clark & Co.
Michael Berk, CEO and majority owner of M&M, will use the recapitalization to divest a portion of the business while providing M&M with a partner to continue its growth trajectory. Berk will remain on the board of directors for the recapitalized company.
M&M primarily serves the Chicago and Dallas–Ft. Worth areas. Each location has approximately 80,000 square feet in a distribution facility. The facilities are also equipped with laundry, dishwashing and rental equipment maintenance facilities, and a fleet of GPS tracked trucks.
Seth Berk will become president of the new M&M and Scott Berk will remain president of the Texas operations. Scott and Seth will be responsible for continuing to build the infrastructure necessary to provide continued quality service to a broader array of customers.
Brent Paris, partner with Dubin Clark, led the transaction with M&M. Paris said Dubin Clark’s investment in M&M is intended to expand organically and through strategic add-on acquisitions.