IT rental firm Hamilton Rentals has performed a management buyout (MBO) from integrator 2e2.

2e2 inherited Hamilton as part of its acquisition of Oracle VAR Compel in March 2007. The management team approached the integrator with the MBO offer in September of last year and 2e2 accepted, claiming that equipment rental is not core to its business.

Martin O’Connor, managing director of Hamilton Rentals, said: “The support of a large company such as 2e2 has been a real benefit to us from a financial point of view, but being independently owned means that both our existing and potential customers see us in a different light.

“By removing the link to a larger organisation, Hamilton Rentals can now move into channels which may not have been previously open to us. We thank 2e2 for this opportunity and look forward to making the business a success in its own right.”

Nick Grossman, business development director at 2e2 commented: “Hamilton Rentals is an excellent business and the leader in its market within the UK. We are delighted that management have decided to take the business forward under their experienced and capable ownership. I’m sure that they will flourish and wish them every success”.

Hamilton Rental has strategic alliances with vendors such as Sun Microsystems, HP, IBM, Lenovo and Microsoft, to enable next day delivery of its £20m stock value throughout the UK Europe.