HUNTSVILLE – Alaska-based Akima is acquiring Pinnacle Solutions, a Huntsville-based solutions provider for the Department of Defense and Special Operations.
Pinnacle was founded by Mike Durant, a retired Army aviator who was shot down while piloting an MH-60 Black Hawk during the Battle of Mogadishu in 1993.
Durant remains chairman on the company’s board of directors.
“I founded Pinnacle with a vision for a company where mission-driven employees could bring their innovation, responsiveness, and flexibility to bear on our customers’ most critical aerospace challenges,” said Durant. “Joining Akima, which has a portfolio of complementary businesses and a similar culture, allows that vision to continue and serves the best interests of our employees and customers.”
Pinnacle will provide aviation operations and maintenance services; flight operations and training services; and develop state-of-the-art training products and services for air, ground, unmanned, and maritime platforms.
According to Bill Monet, president and CEO of Akima, the specialized capabilities will complement Akima’s portfolio. The contractor has an office in Huntsville’s Cummings Research Park.
“Akima and Pinnacle share a deep commitment to exceeding customer expectations and delivering exceptional value to our customers, employees, and shareholders,” said Monet. “Combining Akima’s experience and technical expertise with Pinnacle’s differentiated mission readiness capabilities will enable us to solve our customers’ toughest challenges through innovative technology solutions.”
Following the closing of the transaction, Pinnacle will operate as a wholly owned subsidiary of Akima.
“This announcement represents an important milestone for Pinnacle and is a testament to our tremendous success and strong market position,” said Tina Tucker, president and CEO of Pinnacle Solutions. “We look forward to leveraging Akima’s expertise supporting critical missions across the federal government, enabling us to deliver stronger outcomes for our customers and increased opportunities for our employees.”
Terms of the transaction were not disclosed.
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