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New Deal


Announced

Completed

Akima completed the acquisition of Pinnacle Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Aerospace

United States

aerospace

Acquisition

Private

Domestic

Majority

Friendly

Single Bidder

Completed

Synopsis

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Akima, a provider of products and services to federal agencies, completed the acquisition of Pinnacle Solutions, a provider of innovative training and sustainment products and services to defense customers. Financial terms were not disclosed. "We are thrilled to add Pinnacle's innovative technology solutions and capabilities to the Akima family. Pinnacle's talented people and commitment to their customer's mission complements Akima's value-driven culture. Pinnacle will significantly enhance our ability to serve our aerospace customers," Bill Monet, Akima President and CEO.

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