BB&T Capital Markets Serves as Exclusive Financial Advisor to SmartSource Computer & Audio Visual Rentals in its Sale to Abcom Computer Rental Inc.
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.
About the Companies
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 judgment drive long-term investing success.
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.
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.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.