Lower middle market private equity firm (live events and experiential economy)

Third Space Partners

Formerly Third Space Capital

At a glance

EBITDA range$10M+ S3
Deal typesPlatform, Minority S3
SectorsConsumer & Food, Transportation & Logistics

What Third Space Partners buys

Third Space Partners is a New York and Los Angeles private equity firm that invests only in the businesses behind live events, experiential venues and out-of-home entertainment. It sorts its targets into three groups: venues and organizations that host recurring events and activities, such as music venues, marinas and youth sports; the services that produce and run events, such as staging, rigging and on-site specialists; and logistics, storage and transport for touring gear and other high-value equipment.

It wants founder- or family-owned companies with no earlier institutional investors, usually ten or more years of history, and at least $10 million of EBITDA. It takes either a significant minority stake or control. The firm is new: its three holdings are Premier Global Production and Country Thunder, announced together in March 2026, and Quest Events, added in October 2026. Given the $10 million EBITDA floor, a smaller event company is most likely to meet the firm as an add-on, since it plans to grow its platforms through acquisitions.

Recent deals

Announced in the 24 months before November 9, 2026.

DateCompanyTypeSectorSource
Oct 2026Quest Events drape and scenic businessBought the drape and scenic unit of Quest Events from TZP GroupPlatformSource
October 2026Quest EventsPipe and drape, modular scenic, staging and event furniture rental company; listed on the firm's site with an October 2026 investment dateInvestmentSource
Mar 2026Premier Global Production and Country ThunderEquity investment in a Nashville live event production company and its sister country music festival business; founder Troy Vollhoffer stays CEO and a significant shareholderInvestmentSource

Portfolio by sector

From the firm's portfolio page S4.

Business & Operational Services

  • Premier Global Production
  • Quest Events

Experience & Participation Infrastructure

  • Country Thunder

Greymont’s take

How Third Space Partners fits a seller

Third Space fits the founder of a large, profitable live events or entertainment services business who wants capital and help professionalizing without stepping away. Its structures range from a significant minority stake to control, so an owner can keep a share of future growth. In its first deal, founder Troy Vollhoffer stayed on as CEO and a significant shareholder of both companies. The team says it comes from the operating and investing side of live events, music and sports, and its founder previously did junior capital investing at Carlyle and Guggenheim.

Because the firm is new and has three holdings, an owner should ask how its capital is raised and committed, what its minority terms mean in practice (board seats, approval rights, timing of a later sale), and whether it plans to grow the company through add-ons.

Questions owners ask

What size company does Third Space Partners look for?

Founder- or family-owned businesses with at least $10 million of EBITDA, usually a decade or more of operating history, and no earlier institutional investors.

Does Third Space Partners buy control or minority stakes?

Both. It says it invests either as a significant minority partner or as a control investor, with deal structures built around each founder's goals for ownership, involvement and legacy.

Which companies does Third Space Partners own?

Three, all listed as active on its site: Premier Global Production, a staging, lighting, rigging and tour logistics provider; Country Thunder, a country music festival operator; and Quest Events, a drape, staging and event furniture rental company.

Sources

  1. S1Third Space Partners home page Accessed November 3, 2026
  2. S2Third Space Partners: Where we focus Accessed November 3, 2026
  3. S3Third Space Partners: How we partner Accessed November 3, 2026
  4. S4Third Space Partners: Investments Accessed November 3, 2026
  5. S5Third Space Partners: Who we are Accessed November 3, 2026
  6. S6Third Space Capital Makes Equity Investment in Premier Global Production and Country Thunder (PR Newswire-PRWeb, March 16, 2026) Accessed November 3, 2026
  7. S7Third Space Partners: Contact Accessed November 3, 2026
  8. S8TZP: sale of drape and scenic business to Third Space Partners (2026-10-29) Accessed November 9, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Third Space Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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