• PRO EM Party & Event Rentals Acquires Universal Resource Supply, LLC and SoCal Tent & Events

     
    POSTED July 25, 2017
     

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.

The latest Global Business Travel Association (GBTA) Business Travel Recovery Poll revealed that business travel is surging forward and international travel is returning alongside the challenges of rising fuel prices, inflation, supply chain disruption, and the war in Ukraine. In addition, corporate travel policies are undergoing a revamp, and a large majority of employees indicate they are willing to travel for business. 

 

The hospitality and meetings and events industries are known for their generosity. Even after a couple of tough years courtesy of the COVID-19 pandemic, helping others has remained a priority. Here are a few examples from around the country. 

 

On May 4, Knowland, a provider of meetings and events intelligence data, released its monthly report for April 2022. The data showed a significant increase in meetings activity, with a 323% increase over April 2021, including a 3.7% recovery of events from March to April 2022.

Additional information included:

•     In April 2022, the average number of attendees per event was 118, compared to 63 in April 2021 and 74 in April 2019.