DTM Legal has advised on the successful management buy-out of a North Wales IT services provider from a US investment company.
The directors of Pinacl Solutions UK Ltd have completed a management buyout of Perseus Pinacl Holding Limited from New York-based Centre Lane Partners Llc, with effect from 1 April.
The directors now have exciting plans to expand the company’s reach and portfolio of services while continuing to deliver compelling ROI propositions crafted from ICT technology and services.
Rob Bardwell, Managing Director of Pinacl Solutions UK Ltd, said: “I am very proud of the innovative ways in which Pinacl has developed and delivered expertise in ICT managed services and solutions.
“We lead a motivated, loyal team expanding technically and financially crafted solutions, addressing clients’ needs in new markets.
“We will continue to draw on the success of the last 30 years and particularly that of the last 18 months of focus. We are looking forward to the challenge and relish the opportunities that exist for our business in the market.”
DTM Legal Partner Alison Brennan, who advised on the deal, said: “We’re delighted to have assisted the Pinacl team on what is a very exciting management buy-out and one which means UK ownership of a fast-growing business.
“We have worked with Pinacl for some years so were able to approach the deal with existing insight into their business and its ambitions.
“We wish the very best of luck to everyone at the company for the future.”
Pinacl offers a strategic and long term relationship approach to ICT provision and ongoing services tailored to specific client needs and business drivers. Clients include FTSE 100 companies, local government and SMEs.
Pinacl provides services & solutions based around leading vendors ICT products with specialist solutions in Wi-Fi, Managed Services, IP Networking and its pioneering approach to Total Communications Fabric, ensuring the best technical solutions, at the most competitive price with tangible Return On Investment for its clients.
Ed Barnes, Head of Corporate and Commercial at DTM Legal advises companies on MBO’s. To contact Ed, please email him at edward.barnes@dtmlegal.com
