Hyde Group extends reach with Pinnacle acquisition
The Hyde Group has acquired Pinnacle Group, a move that will make Hyde one of the largest housing, property and community services providers in the UK, with more than 5,000 colleagues and working across more than 200 sites.
Pinnacle Group owns and manages around 120,000 homes and provides neighbourhood services to around 350,000 homes. It also works with schools, universities, councils, housing associations, the emergency services and private sector organisations.
The breadth and reach of the enlarged Hyde Group provides a unique platform that builds on Hyde and Pinnacle’s combined expertise in attracting large-scale institutional capital to invest in the affordable housing sector.
The Hyde Group has acquired Pinnacle Group, a move that will make Hyde one of the largest housing, property and community services providers in the UK, with more than 5,000 colleagues and working across more than 200 sites.
Pinnacle Group owns and manages around 120,000 homes and provides neighbourhood services to around 350,000 homes. It also works with schools, universities, councils, housing associations, the emergency services and private sector organisations.
The breadth and reach of the enlarged Hyde Group provides a unique platform that builds on Hyde and Pinnacle’s combined expertise in attracting large-scale institutional capital to invest in the affordable housing sector.
This will enable the group to extend its housing services platform to private and public sector clients at a national level, supporting the delivery of homes across all tenures, with a focus on affordable homes.
Pinnacle will operate as a standalone subsidiary within the Hyde Group, retaining its unique identity, client relationships, executive management and operational teams.
Andy Hulme (pictured left), group chief executive of the Hyde Group, said: “This is a game-changing moment for Hyde, our current and future customers and the wider housing sector. By combining our shared knowledge and expertise, we’ll be able to accelerate our growth and improve our services to both build and create communities that people can be proud of.
Perry Lloyd, group chief executive of Pinnacle Group, said: “By combining our strengths, we can innovate more effectively and deliver high-quality, well-managed homes and communities nationwide. This collaboration marks a significant step forward in our shared mission to ensure we meet the evolving needs of new and existing communities, customers and clients.”
Image © Hyde Group
