Kirtland Capital Partners Acquires Rent-a-PC

September 10, 2007
Cleveland, Ohio – Middle market private equity firm Kirtland Capital Partners ("KCP") announced today that it has acquired the stock of Rent-a-PC, a computer service and rental company. In partnership with the senior management team, KCP has formed SmartSource Holdings, LLC ("SmartSource") to be used as a platform for future acquisitions. Rent-a-PC will operate as a wholly-owned subsidiary of SmartSource. Terms of the transaction were not disclosed.

Rent-a-PC, headquartered on Long Island, NY, is the nation's leading provider of short-term computer and technology rentals and related services. The company's operating entities also include All Service Computer Rentals, Bit-by-Bit Computer Rental and Ace Rentals and Staging. Rent-a-PC services its corporate clients through the industry's largest national branch platform, which consists of 19 branches strategically located in major cities across the U.S. Founded in 1984, it has more than 200 employees, including 60 field technicians. The company is recognized for its size, technical expertise, geographic reach and commitment to service. Its client base includes more than 200 Fortune 1,000 firms, major financial institutions, professional firms, associations, colleges and universities, and numerous government entities.

"We are excited to have the opportunity to invest in Rent-a-PC. Julian Sandler, president and CEO, and his management team have built a strong company with opportunities to grow both organically and through acquisitions. We look forward to working with them to build on the solid foundation that they have established," said John G. Nestor, senior managing partner at Kirtland Capital Partners.

"Our association with Kirtland Capital will be a tremendous benefit to Rent-a-PC. Kirtland's expertise and experience in strategic planning and their capital resources will complement and support Rent-a-PC's long-term growth objectives. Working together, we believe that we can make a great company even better," said Mr. Sandler.

About Kirtland Capital Partners
Kirtland Capital Partners is a leading private equity firm focused on control equity investments in lower middle market niche manufacturing, distribution and business-to-business service companies. During its 30 year history, KCP has generated significant value from its 50 investments through a consistent investment strategy and active involvement in portfolio management. Kirtland focuses on accelerating the growth of its companies by leveraging internal operating, financial and strategic resources. Kirtland has $325 million of capital under management from an investor group that includes both institutional and individual investors. For more information call Dave Menning at 216-593-0100 or visit www.kirtlandcapital.com.

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