A Los Angeles-based venture fund said Friday that it has acquired City of Industry-based personal computer retailing chain PC Club for an undisclosed sum.
The fund, called NAOC Holdings, said the acquisition includes 37 PC Club stores as well as the chain's retail Web sites, PCClub.com and ClubIT.com.
"Brick-and-mortar accessory computer stores are still a valued commodity in the U.S.," NAOC spokesman Alan Hunter said in a statement. "We know PC Club with its long history, quality technical service and computer accessory assortment will continue to have strong potential for continued business operations."
The acquisition will leverage the venture capital firm's investment experience with consumer electronics. PC Club will honor all customer and vendor relationships and agreements, the fund said in a statement.
"Our new relationship with NAOC Holdings will give us an opportunity to grow our market share and expand beyond the western and central U.S.," PC Club spokesman Kim Chu, said. "In addition, we'll now have the ability to reorganize and to work on expanding our compelling product line."
The acquisition was effective May 15.
NAOC, which stands for National Appliance of China, was established in 1996 and manages $200 million in capital and is currently investing its fourth fund, which was raised in 2006.
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