Key Takeaways
- • McGuireWoods advised private equity firm Third Space Partners on its investment vehicles' acquisition of Quest Events, described as the national leader 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 following the transaction.
- • McGuireWoods advised on both the acquisition and debt finance aspects of the deal, with separate partner-led teams for each workstream.
- • The source describes the deal as combining Quest's national scale and execution reputation with Third Space's relationships across live entertainment, sports and music.
Summary
McGuireWoods advised Third Space Partners, a private equity firm focused on businesses powering the experience economy, on its investment vehicles' acquisition of Quest Events, according to the law firm's announcement dated November 4, 2026. Quest is described as the national leader in drape and modular scenic solutions for live events. The announcement does not disclose the purchase price or other financial terms.
According to McGuireWoods, the partnership pairs Quest's national scale and reputation for execution with Third Space's experience and relationships across live entertainment, sports and music. Quest's existing management team, led by founder and CEO Lee Dunlap, will continue to lead the business after the transaction.
McGuireWoods counseled Third Space on the acquisition and debt finance aspects of the deal. Partners Jon W. Finger and Jason W. Griffith, along with associates Ashley S. Rogers and Hannah M. Lewis, led acquisition guidance. Partners Hillary P. Patterson and Casey J. Nelson led the debt finance team, supported by associates Donald J. Kwasigroch, Andrew Flack and Emily Brooks. Finger, leader of the McGuireWoods Private Equity Industry Team, said the firm was honored to have the trust of what he called an impressive emerging manager and looked forward to helping it grow.
The announcement also outlines McGuireWoods' broader private equity practice, which advises private equity firms, institutional investors, independent sponsors, emerging managers, family offices, lenders and portfolio companies. The firm's Fund Formation & Investment Management Practice Group structures buyout, venture, real estate, credit and co-investment vehicles. The firm reports nationwide rankings for M&A and private equity deal work in Chambers USA and the Legal 500 United States guides.
According to McGuireWoods, the partnership pairs Quest's national scale and reputation for execution with Third Space's experience and relationships across live entertainment, sports and music. Quest's existing management team, led by founder and CEO Lee Dunlap, will continue to lead the business after the transaction.
McGuireWoods counseled Third Space on the acquisition and debt finance aspects of the deal. Partners Jon W. Finger and Jason W. Griffith, along with associates Ashley S. Rogers and Hannah M. Lewis, led acquisition guidance. Partners Hillary P. Patterson and Casey J. Nelson led the debt finance team, supported by associates Donald J. Kwasigroch, Andrew Flack and Emily Brooks. Finger, leader of the McGuireWoods Private Equity Industry Team, said the firm was honored to have the trust of what he called an impressive emerging manager and looked forward to helping it grow.
The announcement also outlines McGuireWoods' broader private equity practice, which advises private equity firms, institutional investors, independent sponsors, emerging managers, family offices, lenders and portfolio companies. The firm's Fund Formation & Investment Management Practice Group structures buyout, venture, real estate, credit and co-investment vehicles. The firm reports nationwide rankings for M&A and private equity deal work in Chambers USA and the Legal 500 United States guides.
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