Charlotte, NC - Business Acquisition and Merger Associates (BAMA) is excited to announce the purchase of substantially all of the assets of Pinnacle Converting Equipment, Inc. (PCE), a custom manufacturer of converting equipment by Pinnacle Converting Equipment and Services, LLC (PCES).
Tom Kepper, CEO of Pinnacle Converting Equipment & Services noted, "Bob (Hillebrand), owner of PCE and current President of PCES, did a great job growing Pinnacle into a strong company, recognized for their quality machines and excellent service commitment. I am excited about the opportunity to work with a talented team as we work together to continue the Company's growth."
BAMA acted as an advisor to Tom Kepper, owner of PCES, by sourcing the acquisition and supporting key aspects of the transaction through the closing. Financial terms will not be disclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing proprietary buy-side sourcing services that identify potential add-on acquisitions to expand their geographic footprint or add strategic products and capabilities. BAMA also helps executives and private equity firms source proprietary platform companies.
Pinnacle Converting Equipment and Services, LLC, (through its purchase of the assets of Pinnacle Converting, Inc.) in Charlotte, NC, is recognized as a high quality manufacturer of converting machinery and equipment. The company provides custom solutions for hundreds of industries and are recognized for their excellent customer service, high quality domestically assembled products and broad converting equipment experience.