We are pleased to have Rentsys join the SmartSource organization
Hauppauge, NY (PRWEB) October 15, 2009
SmartSource Computer & Audio Visual Rentals (Hauppauge, NY), one of the nation's leading providers of computer, audio visual (AV) and trade show technology rentals and services, has purchased the Rentsys computer and audio visual rental division of Dealer Computer Services, Inc. (College Station, TX). The Rentsys recovery business remains with Dealer Computer Services, Inc. This is the 18th acquisition for SmartSource, a portfolio company of Kirtland Capital Partners (Cleveland, OH). Similar to previous companies acquired by SmartSource, Rentsys' business model and strengths complement and amplify the core capabilities of SmartSource.
According to SmartSource President and CEO Michael McClernon, acquisition discussions began in late 2008 under the SmartSource founder, the late Julian Sandler, and continued under Kirtland's Senior Managing Partner John Nester, Partner Jim Foley, Mr. McClernon, and SmartSource's CFO, Stephen Rupolo.
"We are pleased to have Rentsys join the SmartSource organization," stated McClernon. "SmartSource has had a strong working relationship with Rentsys spanning over a decade. We share similar philosophies centered on high quality customer service, a focus on select markets, and a desire to provide a complete technology solution to our rental clients."
He added, "Rentsys has a strong franchise in key areas of software user conferences, association and corporate meetings and trade shows. This acquisition enhances our position in the technology, audio visual and trade show areas and gives us a stronger presence in the user conference market. It also plays to our strengths, most notably our 21 strategic branch locations -- more facilities than any other provider in the technology rental market."
Rentsys head, Vice President Chad Frank, will be joining SmartSource as Vice President, User Conference Group. Most members of the Rentsys sales force and field technicians will be integrated into the SmartSource organization. In Las Vegas and Orlando, where both companies have locations, the operations will be merged into single facilities.
McClernon continued, "We expect the 2010 business year for technology rentals and user conferences to be strong. In addition, we expect trade show attendance to bounce back, and we also expect that corporate events that have been downsized or eliminated this year will make a comeback as well."
About SmartSource Computer & Audio Visual Rentals:
Founded in 1984 and formerly known as Rent-a-PC, Inc., SmartSource Computer & Audio Visual Rentals serves broad-based corporate IT, association, professional AV and trade show technology rental needs. The company is widely recognized for its outstanding customer service, technical expertise, geographic reach, breadth of product, and end-to-end solution. Its extensive line features brand name products from Apple, Dell, HP/Compaq, IBM, NEC, Eiki, Meyer, Stumpfl, and others. Among its products are computers, servers, copiers, professional AV equipment, LCD and plasma monitors, kiosks, digital signage and video walls. SmartSource employs over 250 including over 100 field technicians. Its 21 strategic locations are in: Anaheim, CA; Atlanta, GA; Boston, MA; Chicago, IL; Dallas, TX; Englewood Cliffs, NJ; Eugene, OR; Ft. Lauderdale, FL; Las Vegas, NV; Long Island, NY; Los Angeles, CA; New York, NY; Orlando, FL; Philadelphia, PA; Phoenix, AZ; Portland, OR; Queens, NY; San Diego, CA; San Francisco, CA; Seattle, WA; and Washington, DC. For more information, visit: http://www.smartsourcerentals.com
About Kirtland Capital Partners:
Kirtland Capital Partners is a relationship-oriented private equity firm focused on accelerating the growth of middle-market companies by leveraging its internal operating, financial and strategic resources. For more than 30 years, Kirtland has executed a disciplined investment strategy that has created long-term value in its portfolio companies and delivered superior returns to its investors and management teams. Kirtland invests in niche manufacturing, distribution and business service companies with potential for growth organically and/or through strategic acquisition. The firm has $293 million of capital under management from institutional and individual investors. Kirtland is known for the strong partnerships it builds with its operating management teams and the experience of its professionals. For more information, visit: http://www.kirtlandcapital.com