PE-backed Abcom Computer to buy SmartSource

Abcom Computer Rental Inc, a portfolio company of Dublin Clark & Co, has acquired SmartSource® Computer & Audio Visual Rentals. Financial terms weren’t announced. Kirtland Capital Partners is the seller. SmartSource, of Hauppauge, New York, provides computer, audio visual and technology solutions for businesses and events. BB&T Capital Markets served as financial adviser to SmartSource.

PRESS RELEASE

On March 22, 2019, SmartSource® Computer & Audio Visual Rentals (“SmartSource” or the “Company”), a portfolio company of Kirtland Capital Partners (“KCP”), was acquired by Abcom Computer Rental Inc. (“ABCOMRENTS”) a portfolio company of Dubin Clark & Company (“Dubin Clark”). BB&T Capital Markets served as the exclusive financial advisor to SmartSource.
Based in Hauppauge, NY, SmartSource is one of the nation’s leading providers of computer, audio visual and technology solutions for businesses and events. Through its superior technical expertise, broad and deep equipment inventory and 20 fully staffed and equipped US based offices, SmartSource is widely recognized as the trusted experts for temporary technology solutions nationwide.

KCP is a Cleveland, Ohio-based private equity fund that has been investing in lower middle market companies for over 40 years. Kirtland is a relationship-oriented firm that focuses on partnering with niche manufacturing, value-added business service, and distribution companies. KCP has Midwestern values founded on the belief that strong relationships, discipline, experience, and good judgement drive long-term investing success.
Abcom Computer Rentalwww.abcomrents.com
Founded in 1989 and headquartered in Itasca (Chicago), Illinois, ABCOMRENTS is a leading provider of interactive technology solutions – strategizing, designing and implementing full-service event productions with innovative technology solutions, state-of-the-art rental equipment, and all the supporting infrastructure.
Dubin Clarkwww.dubinclark.com
Since its founding in 1984, Dubin Clark has consistently partnered with outstanding management teams in building world-class businesses in branded consumer, industrial niche manufacturing, and specialty business services industries. Dubin Clark invests in platform businesses with $10-$100 million in revenue, and has completed 110+ acquisitions (platforms and add-ons) over 35+ years.