Alliance Funding Group Announces Acquisition of Pinnacle Capital Partners
Alliance Funding Group (“AFG”) is pleased to announce that it has acquired Pinnacle Capital Partners, (“Pinnacle”) an independent specialty finance and leasing company based in Tacoma, Washington.
Founded in 2000, Pinnacle is an industry specialist with a focus on the beverage, dental lab, construction, and specialty vehicle markets in addition to working capital solutions. As a direct originator, the Pinnacle team brings a full-service platform with deep industry knowledge and expertise.
AFG, based in Tustin, California, is an independent specialty finance company with core strengths in small ticket and middle market equipment leases and short term working capital solutions. In addition to its headquarters in Orange County, AFG also has an operations and sales office in Portsmouth, New Hampshire and a sales office in Los Angeles, California.
“I am very excited about our partnership with AFG and the alignment of two companies that will originate over $200MM in its first year”, stated Brent Hall, Pinnacle’s founder and President. “Pinnacle will be able to leverage the resources of a larger company while bringing to AFG a tenured management team and a developed sales platform in the northwest. Pinnacle will become a part of Alliance Funding Group and will operate under the AFG brand while still utilizing certain of its private label brands in core markets.
The acquisition announced today brings together a management team with over 100 years of experience and a collective sales organization that is national in scope with expertise in small ticket, middle market, and working capital products.
Brij Patel, Founder and CEO of AFG, expressed his excitement about the combination of the two companies and the addition of the Pinnacle management team and sales organization. “Both culturally and synergistically, this combination creates a specialty finance and working capital platform that is poised for real growth and success. I have known Brent Hall for many years through the industry and I’m truly excited to have someone of his caliber along with Pinnacle’s organization to add to AFG’s current tenured sales and management team. Starting with a baseline of $200MM in originations along with income-accretive structured finance and working capital products, we like our chances in the competitive equipment finance landscape.