15 Apr Event Central represented by The Stansberry Firm in Acquisition by General Rental and Sales
Central PA Rental Inc, dba Event Central Rental and Sales was recently represented by The Stansberry firm in its acquisition by General Rental and Sales of Avondale, PA. Event Central is a single location special events rental company based in Mechanicsburg, PA that rents tents and other special events rental equipment such as tables, chairs, linens, place settings, food and beverage service, concessions and more.
Event Central was founded by Mr. Scott Woodruff in 1987, originally as a Taylor Rental center. The Company quickly grew into a well established special events rental center servicing the Harrisburg and central Pennsylvania region. Mr. Woodruff will remain available to Event Central on a consulting basis while he shifts focus to his entrepreneurial venture, TentOx. Mr. Woodruff says of the transaction and his experience with The Stansberry Firm:
“When I sat at the bank closing with Eric Schuibbeo and Carolyn Stansberry, I felt like the 28 years growing Taylor Rental & Event Central from scratch really finally paid off. Words cannot describe how impressed I am with Gary and Carolyn’s grasp on this industry. Had I tried to sell this business myself, I am certain I would have netted much less, let alone the fact it would not be sold yet.
Carolyn and Gary really took to heart one of the goals I had established for sale of the company, to provide an opportunity for the employees to move forward and upward as a result of the sale. Now my OX system, which was developed over the past 14 years at Event Central will take on a life of its own with sales to Tent and Party Rental companies nationwide.”
General Rental has been owned and operated by Mr. Eric Schuibbeo for 34 years. The transaction is part of the company’s strategic growth plan to geographically expand its special event rental operations. Mr. Schuibbeo looks forward to the future of General Rental and Event Central stating:
“We are very excited about the acquisition of Event Central. The Company has had an outstanding reputation within the central Pennsylvania market over the last 28 years. Combining with General Rental’s 34 years of experience within Southeastern Pennsylvania, the new organization will be able to service the entire eastern portion of Pennsylvania along with all of Delaware, Maryland and Northern Virginia. We look forward to opening these new markets together and moving the organization to the next level.”
Read the Event Central-General Rental press release here.
Since 2011, The Stansberry Firm has closed over $150 million in transactions with strategic national and local buyers and private equity. See our select transactions and a list of our transaction history for more information. For many business owners, now may be a good time to explore the sale of your business. Please contact us if you are seeking advice on the value and marketability of your company.