Pinnacle Document Solutions Ltd one of the UK’s leading Print and IT solutions providers is delighted to announce the acquisition of Fast Technology (London) Ltd
This is the first addition to the group which comes on the back of a successful management buyout of Pinnacle Office Equipment Ltd by Managing Director Clive Hamilton in April 2015.
The Companies Pinnacle Office Equipment Ltd established in 1989 has become a leading provider of Print and IT Solutions across Wales, the South West, M4 and M5 corridors. A Xerox Mono Brand Premier Partner and accredited Managed Print Services provider, qualified Microsoft and VMWare technology partners we support blue chip, corporate and SMB’s, as well as education and public sector along with Not for Profits organisation’s globally from our offices in Cardiff, Exeter and now Watford.
Fast Technology (London) Ltd established in 1986 in Watford has grown into a multi-vendor print/copy solution provider, with consumable and professional services to support their clients across the UK particularly in the retail sector.
Pinnacle MD Mr. Hamilton says
“The complimentary services portfolio of Fast Technology made them a natural fit for Pinnacle, add to this our hardware and solutions portfolio and we see this as an exciting growth potential for Pinnacle Document Solutions Group”.
Fast Technology former owner and Director Joe Schupper says he is “delighted with the sale, Pinnacle is the best solution, their investment will continue Fast Technology’s track record of delivering the highest level of customer support and furthermore their portfolio will bring a new range of products to a very loyal client base”.
Pinnacle was advised by Gambit Corporate Finance LLP and Capital Law. Geraint Rowe of Gambit said
“Pinnacle Document Solutions has a clear plan for strategic growth, part of which is to partner with selective acquisition targets. Fast Technology is an important part of this vision following the MBO in early 2015 and we look forward to further opportunities to execute the strategy.”
Finance Wales View
The original transaction team, Senior Investment Executives Cenydd Rowlands and Steve Galvin worked with Portfolio Development Executive, Sam Macalister-Smith to complete the investment in Pinnacle. Sam said:
“Acquiring Fast Technology, which is a multi-brand retailer, will considerably strengthen Pinnacle Document Solutions Ltd.’s market position and enhance its reputation as a leading UK office equipment supplier.”
“We’re delighted to continue building our relationship with Clive and his team and the company is now well-placed to go on to even greater success following this acquisition. As a long-term backer of Welsh businesses, Finance Wales remains committed to supporting its portfolio companies as they expand and grow.”
For more information contact [email protected]