Cardiff-based print VAR Pinnacle Office Equipment has set out ambitious growth plans after undergoing a management buyout (MBO).
The MBO was led by managing director Clive Hamilton, who has made a "significant investment" in the Xerox Gold Premier partner alongside institutional funding from Finance Wales.
Founded in 1989, office equipment specialist Pinnacle specialises in Xerox hardware, managed print services and software solutions.
"We have ambitious growth plans as a business," said Hamilton.
"With the launch of our software and broader IT services offering, we are extending the suite of services that we are able to offer to existing and new customers across Wales, the south-west of England and both the M5 and M4 corridors."
The MBO, for an undisclosed sum, was orchestrated by lead adviser Gambit Corporate Finance.
Simon Williams, director at Gambit, said: "The transaction further highlights Gambit's experience and focus on the telecommunications, media and technology sector.
"It also demonstrates the trend for managed print services and managed services providers to broaden their service offering towards IT solutions and vice versa, to maximise the opportunities existing within their customer base."
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