Chicago-based ABCOMRENTS, a provider of event technology equipment rentals and services, has secured funding from Dubin Clark & Company Inc. No financial terms were disclosed. Livingstone‘s business services team was financial adviser to ABCOM during its partner search.
CHICAGO, Nov. 13, 2018 /PRNewswire/ — Livingstone’s Business Services team is pleased to announce the partnership of ABCOMRENTS (“ABCOM” or “the Company”), a leading provider of event technology equipment rentals and services; and Dubin Clark & Company, Inc. (“Dubin Clark”), a middle market private equity firm with a distinguished track record of rental sector success. ABCOM’s partnership with Dubin Clark provides the Company with access to investment capital and industry expertise, paving the way for its next growth phase.
Founded in 1989, Chicago-based ABCOM specializes in state-of-the-art IT & digital signage solutions with full-service event support. Managing over 2,500 SKUs available for rent, resale, and integration, clients rely on ABCOM’s innovative technology offering to create unique attendee experiences and bring their events to life. With a core focus on the event rental industry, the Company supports events of all types and sizes, including tradeshows, exhibitions, conventions, user conferences, and other corporate functions.
Throughout the entire process, Livingstone acted as an extension of our team and was instrumental in our search for, and ultimate decision to partner with, Dubin Clark,” said Sonny Goyal, CEO of ABCOM. “Dubin Clark provides us with both the capital and industry expertise required to continue to serve our clients at a world-class level, while also accelerating our goal of becoming the premier, go-to provider of IT & digital signage solutions throughout North America . We are so excited to take ABCOM to the next level to grow and build a global brand within our industry!”
In recent years, ABCOM has grown rapidly, both organically and via acquisitions. In addition to its Chicago headquarters, ABCOM operates locations in Las Vegas, Orlando, and Texas (3) and, with Dubin Clark’s help, has plans to continue expansion via new locations and partnerships. In collaboration with Dubin Clark, the Company will grow and expand, on a transcontinental basis, the three foundational pillars of its business model, namely: ABCOMRENTS (Technology Rentals); ABCOMDSS (Digital Signage Solutions); and ABCOMAMS (Asset Management Services).
Established in 1984, Dubin Clark seeks to partner with outstanding management teams in several sectors of focus, including specialty rentals. Dubin Clark aims to invest in companies with unique business models and strong growth trajectories. Thereafter, Dubin Clark seeks to amplify value by providing the support and capital necessary to maximize the potential of its partners’ businesses.
“For nearly 30 years, ABCOM has been able to consistently adapt within an ever-changing technology and events landscape, building a strong, well-respected brand in the process,” said Brent Paris, Managing Partner of Dubin Clark. “We are excited to partner with such an innovative team and to help ABCOM grow its market share across the country.”
“Speaking on behalf of the Livingstone team, it was truly a pleasure working with another owner-entrepreneur to complete a successful deal and achieve a great outcome for both our client and its new partner,” said Brennan Libbey, Partner at Livingstone.
“With the operational support and financial backing of Dubin Clark, we have no doubt that ABCOM will continue its market share growth and become a highly-scalable platform for industry consolidation,” added Robert Tymowski, Director at Livingstone.
Livingstone’s Business Services Team acted as the exclusive financial advisor to ABCOM during its partner search. In addition to Livingstone’s advisory services, Horwood Marcus & Berk Chartered provided legal counsel and Miller, Cooper & Co., Ltd. provided supplemental account services to ABCOM’s in-house resources.
About ABCOMRENTS: As the leading provider of event technology solutions since 1989, ABCOMRENTS creates partnerships with clients in the Rental Industry to help them bring unique technology and full-service solutions to their client base. We strategize, design and implement full-service event productions with innovative technology solutions, state-of-the-art tech rental equipment, and the supporting infrastructure. Our unparalleled service allows us to produce flawless technology-rich events, while you focus on the event management.
About Dubin Clark: Since our founding in 1984, Dubin Clark has consistently partnered with outstanding management teams in building world-class businesses. Our success speaks for itself and our formula is simple – it’s about people. Through 100+ acquisitions (platforms and add-ons) over 34+ years, we owe significant gratitude to all our partners who have helped make us successful.
About Livingston: Livingstone has more than 120 professionals across offices in Chicago, Los Angeles, Beijing, Düsseldorf, London, Madrid, and Stockholm. The firm has deep industry expertise, and extensive global coverage, with dedicated teams across all offices serving five segments: Business Services, Consumer, Healthcare, Industrial, and Media & Technology.