SmartSource Acquisition Making News

November 30, 2007
Cleveland, Ohio – Kirtland Capital Partners’ recent acquisition, SmartSource Rentals, formerly Rent-a-PC, was featured in two business publications, Buyouts and Long Island Business News.

SmartSource, a Long Island, N.Y.-based company that supplies PCs and audio-visual equipment for events such as corporate seminars and other similar short term business meetings, was purchased by Kirtland in September.

“For me to get this company to $100 million, I need the financial support and the management support of a partner,” said Julian Sandler, SmartSource founder and CEO in Long Island Business News.

Kirtland offered a partnership that provided the funds and leadership Sandler was searching for to grow his company.

As part of the arrangement, Kirtland formed a holding company called SmartSource Holdings LLC that will execute similar transactions.

John Nestor, Kirtland CEO, recognized the potential of SmartSource saying in Buyouts magazine, “It’s a company that has a lot of room to grow, both organically and through acquisition.”

Although the company is best known for renting PCs, Sandler predicts growth in the company’s audio-visual business of 35 percent per year and has opted to push SmartSource in that direction.

Sandler said that 15 percent of the $42 million in revenue the company expects to make in 2007 will come from audio-visual rentals.

About Kirtland Capital Partners
Kirtland Capital Partners is a leading, relationship-oriented private equity firm focused on investments in middle-market businesses. Its targets are niche manufacturing, distribution and business-to-business service companies. The firm provides its portfolio companies significant operating, financial and strategic resources to accelerate growth. Kirtland seeks opportunities with mature businesses that are well-positioned competitively and have excellent growth potential. It has $325 million of capital under management.

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