Dios Rios Partners said Oct. 3 that it recapitalized Pro Em Party & Event Rentals. Financial terms weren’t announced. Phoenix-based Pro Em is an event management and rental company with three business units: event management, event rentals and commercial services. Brady Castro was named President and CEO of Pro Em while Amir Glogau, formerly CEO, was named Chairman. Quarton International provided financial advice to Pro Em.
Phoenix, Arizona – Dos Rios Partners, a Texas-based private equity firm, is pleased to announce the recapitalization of PRO EM Party & Event Rentals. PRO EM Party & Event Rentals’ leadership will remain unchanged as former Chief Executive Officer will now serve as the company Chairman and Brady Castro will be appointed as President and Chief Executive Officer.
“Dos Rios is thrilled to team up with PRO EM Party & Event Rentals,” said Kevin Benoit, Partner, Dos Rios Partners. “PRO EM’s leadership position in the event rental market, strong financial performance, current partnerships in local and regional festivals as well as in professional sports and collegiate athletics allow for tremendous growth potential in the event industry and were all keys influencing Dos Rios to invest in this company.”
Founded in 1987, PRO EM was created to serve as a single source for events of any size. Today, PRO EM is Arizona’s only full-service event management and rental company with three distinct business units – event management, event rentals and commercial services. The company’s 250,000 square-foot warehouse and headquarters are located in Phoenix, Arizona. Current and recent event partners include: the Waste Management Phoenix Open (PGA TOUR); Arizona State University and Sun Devil Athletics (NCAA); the Arizona Diamondbacks; Chicago Cubs and Oakland A’s (MLB); Country Thunder Music Festival; JTCB Founders Cup (LPGA Tour); Barrett Jackson Collector Car Auction; Russo & Steele; Phoenix Pride and the Scottsdale Cultural Council.
“This recapitalization allows PRO EM to continue to grow and pursue synergistic acquisition opportunities in adjacent markets,” said Amir Glogau, Chairman, PRO EM Party & Event Rentals. “We are actively looking to expand our menu of services beyond the Southwest and into other large event markets.”
“Brady Castro has served Pro EM for over 18 years and has demonstrated leadership and creative thinking in every role he has had in the company over those years. After acting as the Company’s COO for the past 2 years, I am excited to see Brady take the position of President and CEO to lead the company to its next peak,” added Glogau.
PRO EM provides a full array of services, equipment and manpower for events of any size, including: security; guest relations; traffic control; tents and clear-span structures; fencing; barricades; furniture; tables; chairs; linens; bars; china; heating and cooling units; portable generators; light towers; event retreats and more.
“Thanks to our incredible team of associates and our outstanding event partners, PRO EM has grown into the one of the ten largest event rental companies in the United States, one of the largest security companies in Arizona, and a market leader in event design and production,” said Brady Castro, President and Chief Executive Officer, PRO EM Party & Event Rentals. “Our people are the heart of this organization, and none of this would be possible without their commitment and efforts every day. This is a company milestone to be celebrated and appreciated by all of us.”
PRO EM Party & Event Rentals was represented by Quarton International in this recapitalization.
ABOUT DOS RIOS PARTNERS
Dos Rios Partners is a Texas-based private equity partnership formed to invest in the junior (i.e., common, preferred and/or mezzanine) securities of proven, growing niche businesses with approximately $2 – $10 million in EBITDA, generally alongside strong, motivated sponsors and management teams. Dos Rios can help these small businesses with either control or non-control transactions.
Dos Rios is strategically located in three major metropolitan areas and five major cities (i.e., Austin/San Antonio, Dallas/Fort Worth and Houston).
For questions or inquiries, please contact Kevin Benoit or Joseph Mercer at (512) 298-0801 or visit http://www.dosriospartners.com.
ABOUT PRO EM PARTY & EVENT RENTALS
PRO EM services more than 2,000 events annually ranging from largescale nationally-televised sporting events, concerts and festivals to smaller and more intimate corporate meetings, weddings and social gatherings. PRO EM’s Event Services team has more than 200 years of combined experience in event management, planning and logistics and professionally staffs all event positions, including: valet; security guards; parking and traffic control and guest service representatives. PRO EM’s Rental Division can supply equipment and materials for any size occasion, including: tents and clear-span structures; portable generators; light towers; heating and cooling units; fencing; barricades; furniture; tables; chairs; linens; bars; china; portable restrooms and other event-related equipment.