Award-winning business management software solutions specialist Pinnacle Computing (Support) Ltd has been acquired by multi-disciplinary professional services group K3 Capital Group (“K3”), which extends its service offering to a fourth division, Technology Solutions.
With three decades of experience and a dedicated team of 200 professionals, Pinnacle is the UK’s No.1 reseller of Sage ERP and accounting systems into the SME market, powering some of the most well-known businesses in the manufacturing, distribution, construction and business services sectors across the UK and Ireland with Sage and Acumatica software.
Pinnacle, which operates from eight locations throughout the UK and Ireland, works alongside more than 2,000 SME customers, partnering with the leading global software houses to adopt best-in-class technology and enable businesses to streamline processes to help their efficiency and growth.
As part of the acquisition, Ken Montgomery, Chairman, and James Spencer, Director, will continue their roles on the Pinnacle board, bringing strategic oversight to position the company for enhanced growth opportunities.
Ken Montgomery, Founder and Chairman of Pinnacle, commented:
“This is a landmark occasion for me and the entire Pinnacle team. From starting the company from humble beginnings in 1993 to where we stand today - employing around 200 staff and achieving a £30million turnover - joining K3 Capital Group represents an incredible opportunity for Pinnacle to accelerate our growth and expand our business management solutions for SMEs.
“Culturally, K3 Capital Group is a strong fit for Pinnacle, and their significant investment, combined with their marketing and acquisitions expertise, will allow us to grow more quickly and deliver even greater value to our customers. We are enthusiastic about the new opportunities this partnership offers and look forward to working closely with the K3 team to achieve our shared objectives.”
For K3, the acquisition heralds the launch of an exciting new Technology Solutions division, complementing its existing offering which comprises Company Sales, Tax and Restructuring.
John Rigby, Executive Chairman of K3, said:
“We are delighted to welcome Pinnacle to the K3 Group. The acquisition of such a high-quality business marks the start of an exciting new division, which represents further diversification as we strive to consolidate our status as a market leader in the professional services sector.
“We believe that Pinnacle’s expertise in the crucially important business management space perfectly complements our other core services, and we are confident we can help Pinnacle to accelerate organic growth opportunities within the SME marketplace, as well as identifying relevant bolt-on opportunities to grow through acquisition.”
About Pinnacle
Pinnacle is a leading provider of business management software solutions, specialising in helping businesses streamline operations and achieve greater efficiency. Pinnacle’s cloud-based platforms are tailored to industries such as manufacturing, distribution, construction, and professional services, empowering organisations to modernise their systems and achieve long-term success. Pinnacle, established in 1993, operates throughout the UK and Ireland, employing approx. 200 staff and T/O of £30million. Pinnacle has partnerships with Sage, Acumatica and Microsoft. https://www.pinnacle-online.com
About K3 Capital Group
K3 Capital Group is a multi-disciplinary professional services firm providing advisory services to SMEs, with over 850 staff and with operations throughout the UK and overseas. Trading subsidiaries include KBS Corporate, KBS Corporate Finance, Knightsbridge Commercial, K3 Advantage, Origin IQ, Knight Corporate Finance, Quantuma, randd, Knight R&D, K3 Tax Advisory, HMA Tax and JE Consulting. https://www.k3capitalgroup.com