Classic president and CEO Jeff Black is 'incredibly pleased' with the offer from Apollo.
"We are incredibly pleased with the outcome of this process and the acquisition offer by Apollo," Jeff Black, Classic Party Rental's president and chief executive officer, said in a statement.
is a powerful partner for Classic
and has a strong understanding of our business and strategic vision.
We appreciate the support that our lenders have provided through this process and for this transaction with Apollo
We believe this offer is the best outcome for Classic
and all of our stakeholders."
Black added, "We are confident that this transaction will position Classic to continue leading the industry in providing innovative and flawlessly executed event services through our national footprint.