Houlihan Lokey Advises Quest Events
Quest Events, a portfolio company of TZP Group, has been acquired by Third Space Partners
Sellside Advisor
Houlihan Lokey is pleased to announce that Quest Events, LLC (Quest), a portfolio company of TZP Group LLC (TZP), has been acquired by Third Space Partners. The transaction closed on October 15, 2026.
Founded in 1998, Quest is a national leader in drape and modular scenic solutions for live events. Operating from 17 locations nationwide, Quest provides design, custom fabrication, equipment rental, logistics, and on-site installation for corporate events, conferences, trade shows, exhibitions, and other live experiences. The company supports more than 17,000 events annually and serves a diverse and loyal customer base across multiple attractive customer segments, including AV production, creative agencies, event houses, and destination management.
TZP is a multi-strategy investment firm with approximately $2.5 billion in assets under management, focused on control, growth equity, debt, and structured capital investments in technology, business services, and consumer companies. Founded in 2007, TZP partners with business owners and management teams to support growth and long-term value creation, targets companies with solid historical performance and sustainable value propositions, and aims to be a “Partner of Choice” for business owners and management teams. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation.
Third Space Partners is a private equity firm investing in the essential businesses behind the places and experiences that connect people with their passions, families, friends, and communities. The firm partners with founder- and family-owned companies providing services and infrastructure to live events, sports, entertainment, and recreation, helping them grow while preserving what made them successful.
Houlihan Lokey served as the exclusive financial advisor to Quest for the transaction. This transaction highlights Houlihan Lokey’s expertise in advising sponsor-backed businesses, our strong relationships with financial sponsors, and our capabilities in executing complex transactions in the equipment-as-a-service and out-of-home entertainment sectors.