PC Club reopens stores after acquisition

After going into bankruptcy last week and shutting its stores and Web sites, PC Club apparently has found a knight in shining armor.

The California retailer, which has 37 locations, including one in Albuquerque, has been acquired by NAOC Holdings, a Los Angeles-based, expansion stage, venture capital firm.

The acquisition will allow all PC Club stores and the sitesPCClub.comandClubIT.comto remain open.

Content Continues Below

NAOC Holdings put together a group of legal, financial and industry experts for the deal and it has plans to grow the firm's market share and expand beyond the western and central United States. It also will work to expand its product lines.

The acquisition allows PC Club to honor all existing relationships and agreements with its vendors.

"Brick-and-mortar accessory computer stores are still a valued commodity in the U.S.," said Alan Hunter, a spokesman for NAOC. "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. A technology retail outlet is the next logical addition to our portfolio, and we expect this will be a mutually beneficial relationship."

NAOC manages a pool of capital in excess of $200 million and is currently investing its fourth round.