PRO EM Party & Event Rentals has recently acquired University Resource Supply, LLC and SoCal Tents & Events. This is the second acquisition in 45 days, having acquired Partytime-HDO Productions in May. These acquisitions follow PRO EM's recapitalization by Dos Rios Partners in October 2016. After the recapitalization, PRO EM decided it wanted to acquire entities from other markets like URS and Partytime-HDO Productions, in order to expand its menu of services, product inventory and to offsest seasonality.
“The acquisition of URS is another exciting milestone for us,” says Brady Castro, president and CEO of PRO EM. “I have known URS CEO Richard Martin personally and professionally for years, and he is one of the most well-respected professionals in our industry. The acquisition of URS brings with it complementary inventory, great people, a reputation for excellence and a California base of operations to complement our existing locations in Arizona and Illinois.”
URS is a national event rental company that focuses on major event planning and execution, based in Los Angeles. All previous URS employees will maintain their jobs from the same location, including its CEO Richard Martin, who will become the Principal focusing on current URS operations. Some of URS's partners include the American Cancer Society, the Susan G. Koman Foundation, the Winter and Summer Olympics, McDonalds, the MGM Grand Hotel, US Open Tennis, Microsoft, the Grammys, IBM, NASCAR, USGA, the Oscars, and the Super Bowl.
“Richard Martin and the entire URS team bring tremendous value to PRO EM and Partytime-HDO with additional expertise, territories and markets that complement the excellence already in place – the addition of the entire URS team enhances our stakeholders' value immediately. We are excited about the new organization and what it has to offer in the marketplace,” said Kevin Benoit, Partner, Dos Rios Partners. For more information about URS, visit www.socaltents.com.