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PE-backed ABCOM acquires technology rentals provider SmartSource

IT and digital signage company ABCOM Technology Group has acquired SmartSource Rentals, a provider of audio-visual and technology rentals for businesses and events, through a recapitalization.

ABCOM expects the deal to help extend its footprint across North America, while also expanding its range of digital signage solutions and asset management services.

The combined entity will be led by ABCOM CEO Sonny Goyal, with former SmartSource chief executive Sanjay Kapur serving as COO, according to a statement.

Terms of the transaction were not disclosed. Twin Brook was administrative agent on financing for the deal.

ABCOM, which operates as ABCOMRENTS, is a portfolio company of private equity firm Dubin Clark & Co. Inc.