Gambit Corporate Finance acts as lead adviser to Pinnacle Document Solutions

Pinnacle Document Solutions has completed its first acquisition since being taken over in a management buyout less than a year ago.

The company, which is based in Cardiff and has an office in Exeter, has bought Watford-headquartered Fast Technology (London) Ltd.

Fast Technology was founded in 1986 has grown into a multi-vendor print provider.

Pinnacle managing director Clive Hamilton, who led the MBO in April 2015, said: "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."

Joe Schupper, Fast Technology's former owner and director, added he was "delighted with the sale", saying Pinnacle's investment would "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 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."

 

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