Akima, a premier provider of products and services to the federal government, announced that it has completed the acquisition of Pinnacle Solutions, Inc., a leading provider of innovative training and sustainment products and services to defense customers around the globe.
“We are thrilled to add Pinnacle’s innovative technology solutions and capabilities to the Akima family,” said Bill Monet, President and CEO of Akima. “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.”
The acquisition expands Akima’s aviation and training capabilities in the defense market and will further enable the company to provide significant value to our customers in the demanding aerospace industry. Pinnacle brings differentiated mission readiness capabilities, as well as a talented workforce of 500 employees, which will add momentum and innovation to Akima’s support for customer missions.
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Founded in 2008 and headquartered in Huntsville, Alabama, Pinnacle provides aviation operations and maintenance services; flight operations and training services; and develops state-of-the-art training products and services for air, ground, unmanned, and maritime platforms. Pinnacle Solutions will operate as a wholly owned subsidiary of Akima, with Tina Tucker retaining her role as President of the company.
“The closing of this transaction represents the beginning of a new chapter for Pinnacle, and we are excited for what the future holds,” said Tucker. “We believe our deep expertise, network, and strong market position will help accelerate Akima‘s growth and drive greater value for its customers and employees.”
Pinnacle was recently awarded a seat on the U.S. Air Force $32.5 billion Training Systems Acquisition IV IDIQ contract. Under this multi-award contract, Pinnacle will have the opportunity to provide for the analysis, design, development, production, installation, integration, testing, and sustainment of Air Force training systems.
SOURCE: PRNewswire