As a fellow Xerox Platinum and HP Silver Partner, the acquisition of Pinnacle helps expand the Ethos Group’s print portfolio, further enhancing the bespoke service that Ethos can offer its customers whilst complementing and expanding its geographical reach.
With a combined workforce of over 200 employees, annualised Group turnover will be in excess of £42M by the end of the next financial year whilst looking to maintain EBITDA at 18% of turnover.
Clive Hamilton, Pinnacle Managing Director, joined the company in 1993 as a sales executive, before leading the management buy-out of the company in 2015 and undertaking the subsequent acquisitions of Fast Technology and Copier Mate. The acquisition provides a successful exit for the Development Bank of Wales, who provided debt and equity funding to support the management buy-out led by Clive Hamilton.
Barry Matthews, CEO of Ethos, and Clive Hamilton, Managing Director of Pinnacle, will continue to work together to support the Group’s ambitious growth plans. read the rest here