CAROL STREAM, Ill.--(BUSINESS WIRE)--Seth Berk, President of M&M Event Rentals ("M&M"), in conjunction with its capital partner, Dubin Clark & Company, Inc. ("Dubin Clark"), announced today the acquisition of Heiferman, Inc. d/b/a AAA Rental System ("AAA Rental") on January 17, 2017. The terms of the deal were not disclosed.
Founded in 1927 and headquartered in Markham, Illinois, AAA Rental rents and installs seating, tents, stages, flooring, sound systems, lighting, décor, hospitality equipment and related items to the Chicago area.
"We are excited to further solidify our position in the Chicago market," said Seth Berk, President and General Manager of M&M. "The partnership with AAA Rental will allow us to improve service offerings to clients within our targeted geographic area."
"By joining M&M, we are providing our existing clients with additional options for their event-rental needs," said former owners Jay and Gary Heiferman. "AAA Rental will continue to operate with the same commitment to clients and same staff, but we now are able to provide additional rental options and project support."
"This acquisition immediately provides M&M with additional resources and expertise, which will allow the Company to better serve its clients," said Brent Paris, Partner of Dubin Clark. "The addition of AAA Rental enhances M&M's position as a leading provider to the Chicago market."
Latek Capital Corp., an investment banking specialist to the rental industry, and consultant to AAA for the past twenty-five years, initiated and managed the transaction on the Seller's behalf.
M&M Event Rentals, founded in 1982 and headquartered in Carol Stream (Chicago), Illinois, is an industry-leading event service company that provides a full selection of tables, chairs, linens, tenting solutions, lighting, lounge furniture, catering equipment, and floral design for weddings, social parties, and corporate events in the Chicago metropolitan, Dallas Ft. Worth, and Kansas City metroplex areas.
Dubin Clark & Company, Inc. is a private investment firm that has a 33-year history of investing in middle-market buyouts and building businesses in partnership with the managements of their portfolio companies. Dubin Clark has a national reputation for helping successful middle-market companies reach new levels of sales and earnings.