Pinnacle has announced its acquisition by K3 Capital Group (K3).
This strategic acquisition not only expands Pinnacle's growth potential but also establishes K3’s Technology Solutions Division, adding to their core offerings in Company Sales, Tax, and Restructuring.
Pinnacle supports more than 2,000 SMEs across the UK with software solutions powered by Sage and Acumatica.
K3, a multi-disciplinary professional services firm based in Bolton, has a robust presence across the UK and internationally.
Through this acquisition, K3 brings investment and market expertise to fuel Pinnacle’s growth, helping support strategic acquisitions and elevate marketing initiatives.
Ken Montgomery, Founder and Chairman of Pinnacle, along with James Spencer, M & A Director, will continue to provide strategic oversight on the Pinnacle board.
"This acquisition represents a transformative milestone for Pinnacle,” said Montgomery.
“Joining K3 Capital Group and establishing their new Technology Solutions Division will unlock new growth opportunities, enabling us to deliver even greater value to our customers.
“The investment K3 brings, alongside their marketing and acquisitions expertise, will accelerate our reach and impact in the SME market.”
Pinnacle will also be able to broaden sales and strengthen its position across its range of cloud Accounting & ERP including Sage 200, Sage Intacct and Acumatica, Managed IT Services, and digital transformation markets.
K3’s extensive experience advising SMEs complements Pinnacle’s technical expertise, creating new synergies that provide businesses with end-to-end solutions - from cloud ERP implementation to financial and advisory services.
K3 Capital Group aims to rapidly scale Pinnacle's operations and enhance its impact on the SME market.
John Rigby, Executive Chairman of K3 Capital Group, commented: "With K3’s extensive resources, Pinnacle is poised to strengthen its leadership in cloud-based business management solutions, ultimately empowering more SMEs across the UK and Ireland."