Elevating Event Experiences to New Heights
Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, today announced that Drape Kings—a premier event drapery and staging company headquartered in North Bergen, NJ—has been acquired by Quest Events of Frisco, Texas, a TZP company, and a top provider of event drapery, scenic solutions, and full-service rentals.
The DAK Group served as the exclusive financial advisor to Drape Kings.
“The owner of Drape Kings has successfully monetized an exceptional business he founded and led for over 30 years. With its strong market position and proprietary offerings—including the industry-unique AV-Drop™—Drape Kings is an ideal strategic fit for Quest Events,” said Jonathan Roth, Director at The DAK Group, who led the transaction alongside Associate Alexander Slawinski and Analyst Shadi Yakoup.
This highly strategic and accretive acquisition is expected to accelerate growth in the event production industry. By uniting two leaders in the sector, clients can expect enhanced service capabilities and expanded resources, elevating event experiences to new heights.
Drape Kings has long been recognized for its leadership in the drapery and staging industry. The company has consistently transformed ordinary spaces into breathtaking environments, pushing the boundaries of innovation and design.
“We have always been committed to excellence in event drapery and production,” said Dru Whitacre, President and CEO of Drape Kings. “Joining Quest Events not only opens exciting new opportunities for growth and innovation, but it also preserves the brand and the high standards of service our clients’ trust. We are thrilled to partner with a company that shares our passion for quality and creativity.”
About The DAK Group
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sales, strategic leadership advisory, valuations, and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. DAK has earned the designation as the #1 Investment Bank in New Jersey by NJ BIZ for two consecutive years.
About Drape Kings
www.drapekings.com
Drape Kings is a national leader in pipe and drape rentals, as well as custom drapes, hardware, backdrops, carpet, reveals, and more. Products are available for rent or purchase, supported by an impressive inventory of miles of drapes. This has enabled the company to transform conventional event spaces into captivating atmospheres and memorable experiences for over 30 years.
About Quest Events
www.questevents.com
North America’s leader in stunning drape, modular scenic, staging, and event furniture rentals, offering full-service rentals in select markets.
About TZP Group
www.tzpgroup.com
A private equity firm with assets under management of more than $1.3 billion across its family of funds, is focused on investments in business and consumer services companies.
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