Press Release January 23, 2017 for immediate release AAA Rental System Acquired by M&M Rental Center Inc., a Dubin Clark & Company, Inc. Portfolio Company
AAA Rental System, based in Markham, Illinois has been acquired by M&M Rental Center, Inc., doing business as M&M Event Rentals, and private equity firm Dubin Clark & Company, Inc. Brothers Gary and Jay Heiferman have divested themselves of a majority of the business while providing AAA Rental System with a strong financial partner to continue its growth trajectory. The Heifermans will have an integral role in the post-acquisition company as Vice Presidents.
Founded in 1927, AAA evolved from a paint store that rented the associated tools, to the event rental operation that it is today. AAA’s rental services include a deep and diversified inventory of party and event production equipment, crowd control equipment, and expert tenting services. The company has enjoyed consistent annual growth by producing a wide array of events annually. AAA primarily services the Chicago metropolitan area, and supports its clients’ needs throughout the Country. The company services a broad range of customers, while specializing in the needs of sporting events, concerts, festivals and social gatherings. The Markham, IL facility has a 50,000sf distribution facility equipped with state-of-the-art tent cleaning systems, rental equipment maintenance facilities, and a large fleet of GPS tracked trucks.
“We believe that joining with the M&M companies will allow us to significantly expand our capabilities and our reach,” said Gary Heiferman. “There are now no event needs we cannot fulfill.” Jay Heiferman credits the company’s growth and success to the entire AAA team. “Our past success and foundation for future growth, are the direct result of the hard work, dedication, and customer focus of our employees,” he added.
“By combining our resources and our expertise, we can provide our customers with the continued excellent customer service and the most comprehensive offerings in the area,” said Seth Berk, President of M&M. Since partnering with Dubin Clark, this transaction represents the third acquisition for M&M. M&M is an industry-leading event service company that covers Chicago, Dallas Ft. Worth and Kansas City metropolitan areas.
Brent Paris, a Partner with Dubin Clark, led the recent transaction with AAA. Mr. Paris and Dubin Clark have extensive experience with service businesses, including a very successful investment in the party and event rental industry. “This acquisition immediately provides M&M with additional resources and expertise, which will allow the Company to better serve its clients,” said Mr. Paris. “The addition of AAA Rental enhances M&M’s position as a leading provider to the Chicago market.”
For more information regarding Dubin Clark, visit www.dubinclark.com. For more information regarding M&M, visit www.mmspecialevents.com or contact 630-871-9999. For more information about AAA Rental Systems, visit www.aaarental.com or contact 312-836-7867.