Third Space Partners Acquires Quest Events Third Space Partners, a private equity firm focused on businesses in the experience economy, reports that investment vehicles managed by Third Space Partners have acquired Quest Events, the specialist in drape and modular scenic solutions for live events. Quest's existing management team, led by founder and CEO Lee Dunlap, will continue to lead the business. Quest supports more than 17,000 events annually from 17 locations, and its more than 5,000 customer accounts include AV production companies, event producers, experiential agencies and meeting planners. In a market served primarily by local and regional players, Quest's national footprint lets it deliver complex, multi-market projects. "We invest in the essential businesses behind live experiences, the ones you never notice until they're missing, and Quest is a perfect example," says Matt Settle, founder and managing partner of Third Space Partners. "Lee and his team have spent nearly 30 years building a national leader in a highly fragmented market, where they've earned the trust of customers who depend on them to deliver. We see significant opportunity to build on that foundation by expanding capabilities and bringing critical services to new customers and markets." Third Space will draw on its team's relationships across music, sports, and live entertainment to bring Quest into new segments, while investing in sales and service capabilities, expanding its scenic offering, growing its footprint through new locations and pursuing complementary acquisitions. "We've built Quest around our people, our customers and the ability to deliver on events of every size and complexity," says Dunlap. "Third Space has a differentiated view of our business and the opportunities ahead of us. We're excited to work with a partner that shares our vision and brings industry knowledge, relationships and resources to help us grow while staying true to what has made Quest successful." McGuireWoods LLP served as legal counsel to Third Space Partners, and funds affiliated with BDT & MSD Partners provided debt financing for the transaction. Financial terms were not disclosed. 
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