Classic Party Rentals will sell its tenting assets, with Hilco Industrial managing the private treaty sale process.
Classic Party Rentals is the biggest company for event and party rentals in the U.S., with more than 25 locations and over 150,000 events each year, according to a press release
"This is a terrific opportunity for another event company to purchase high quality party and tenting equipment for a great value," John Magnuson, chief operating officer of Hilco Industrial, said in the release.
Classic Party Rentals recently decided to leave the third-party rental business.
The sale will include nearly all assets belonging to Classic Party Rentals, which has been in the business for more than 30 years.