Dubin Clark announces sale of BBJ Rentals to private non-institutional investment firm
Dubin Clark is pleased to announce the successful sale on May 29, 2019 of BBJ Rentals, Inc. to a private non-institutional investment firm that invests in businesses to create long-term value. The terms of the transaction were not disclosed. JEGI, a leading independent investment bank for the global media, events and event services, information, marketing, software and tech-enabled services sectors, was the exclusive financial advisor to BBJ in this transaction.
“Our partnership with BBJ has been fruitful,” said Brent Paris, Managing Partner of Dubin Clark. “Working together with management, we have successfully grown the company through additional customers, products, and geographies, solidifying the its place in the market. We are excited to follow BBJ’s continued growth with its new partner.”
“During our partnership with Dubin Clark, BBJ began its evolution into the fashion leader in the specialty linen marketplace through unprecedented quantities of new product offerings while elevating every customer’s event experience,” said Greg Sullivan, Chief Executive Officer of BBJ. “We are excited to embark upon the next chapter in our evolution with our new partner, continuing to lead the industry by our unparalleled products and services .”
BBJ Rentals, Inc., founded in 1983 and headquartered in Niles, Illinois, is an industry-leading provider of special event linen rental products and services to weddings, social and corporate events in the United States.