March 24, 2024
Bright Event Rentals
, Los Angeles, has partnered with Trivest Partners, a Miami-based, founder-focused private equity firm with over 40 years of experience creating strategic partnerships and fostering growth. Bright has also acquired PEAK Event Services, a special event rental company in New England and the Hudson Valley.
Bright is a full-service event rental solutions company. Founded in 2013, the company supplies tenting, linens, furniture, tabletop items, kitchen equipment, and other items and services for special events such as weddings, festivals, corporate events, graduations and other social events.
“The combination with Bright will allow us to continue offering the best service, products, and innovation for our customers. Our shared values and cultures and combined expertise will elevate the standard for the event rental industry,” said Jennifer Gullins, CEO, PEAK Event Services.
The combination with PEAK provides Bright Event Rentals with 15 fulfillment centers and 23 showrooms across California, Arizona, Texas, Massachusetts, New Hampshire, Rhode Island and New York.
Bright Event Rentals represents the second platform investment in the Trivest Recognition Fund, a recently raised $1.3 billion fund focused on founder-led and family-owned businesses that have achieved significant scale.
Bright Event Rentals will continue to be led by its founder and CEO, Mike Bjornstad.
“We are excited by the Trivest partnership and their experience in the rental industry and across business and consumer services,” said Bjornstad. “In choosing a partner, we were looking for a firm who understood our business and shared our long-term goals. With Trivest’s support, we look to accelerate our track record of organic growth while we significantly invest in our operations and our team to better serve our customers.”
“We were extremely impressed by Bright’s industry-leading position, talented and dedicated management team, track record of growth, and differentiated approach to the premium event rental industry,” added Stephen Koren, principal at Trivest. “The combination with PEAK allows us to further expand our coast-to-coast presence and better serve customers and team members across the country.”
