2025 - Latest News

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Dynamic Networks Group continues its expansion plans with the merger of Penntech IT Solutions

Kingland Capital-backed Dynamic Networks Group continues its expansion with the merger of Penntech IT Solutions, a leading IT Managed Service Provider based in London. Penntech is Dynamic’s second strategic acquisition and builds upon the overall technological expertise of the group. 

Founded in 2017, Penntech has been at the forefront of delivering exceptional IT Managed Services to its growing customer base. Lewis Pennell, founder and MD of Penntech, will remain in the business with a focus on the technology capabilities of the wider Group. Penntech’s capabilities complement Dynamic’s growth and further enhances the group’s position as a leading IT MSP. 

Gareth Leece, MD of Dynamic Networks commented:

“Penntech is a strong strategic fit with Dynamic, strengthening our suite of market-leading software and hardware solutions that help SMEs maximise their benefits from IT solutions. We are thrilled to have gained a London presence through this acquisition. We have enjoyed working with Lewis and the overall team in recent months and we look forward to growing alongside the very talented team at Penntech.”

Lewis Pennell, Founder and Managing Director of Penntech, commented:

“After more than eight years of running a successful IT business, it was the right time for me and the company to benefit from being part of a larger group, able to service a wider customer base with an extended portfolio of IT business solutions. We deliberated hard over the best suitor for integrating our company and Dynamic Networks were a logical fit for us with their focus on putting the customer first, their quality of service and similarly strong company values. There are exciting times ahead for our staff and customers and I very much look forward to working with the Dynamic team in the months and years ahead.”

Paul Landsman, Founder at Kingland Capital, commented:

“The acquisition of Penntech is the continuation of our strategic journey to create a market leader in IT Managed Services. The business was acquired in a competitive sales process and is a clear indicator of the targeted growth strategy at Dynamic since our backing in October 2023. Dynamic is in exclusivity on another acquisition and so hope to announce further news in the forthcoming weeks.”  

SEPTEMBER 2025

Dynamic kicks off its expansion plans with the acquisition of Peak Support Services

Kingland Capital-backed Dynamic Networks continues its expansion with the acquisition of Peak Support Services, a Derby based Cloud MSP. Peak is Dynamic’s first acquisition and within four months of Kingland’s initial investment – adding further scale and capability to the group. 

For over 25 years, Peak Support has been at the forefront of delivering exceptional IT managed services across Support, Consulting, Compliance, Cyber Security, Cloud Computing, Cloud Telephony and more. Peak’s capability complements Dynamic’s strong organic growth and bolsters the Group’s position as a leading IT MSP.  They have partnered with some of the best hardware and software providers in the industry to offer high-quality services to a diverse range of c.100 SMEs.

David Smith, CEO at Dynamic commented:

“Peak Support Services is a great strategic fit with Dynamic, strengthening our suite of market-leading technology solutions that help our Customers across the country. We have enjoyed working with Rob and the business in recent months and we really look forward to continuing to grow alongside the talented team at Peak.”

Rob Broatch, Founder and CEO at Peak, commented:

“After more than 25 years as a family-run business, the time was right for Peak to benefit from being part of a larger group, able to service a wider customer base. Dynamic were a logical fit for us with their focus on quality of service and similar company values. There are exciting times ahead for our staff and customers and I very much look forward to working with the Dynamic team in the months ahead.”

Paul Landsman, Founder at Kingland Capital, commented:

“The acquisition of Peak is a continuation of our journey to create a market leader in IT managed service provision. The business was acquired off-market and is a clear indicator of the targeted growth strategy at Dynamic since our backing in October 2023.”

February 2024

Kingland Capital makes debut investment into cloud service provider Dynamic Networks

Newly-established Private Equity fund, Kingland Capital has made its first investment into Dynamic Networks to support its organic and acquisitive expansion. 

Kingland Capital, founded by experienced mid-market investor Paul Landsman in 2023, has supported a management buyout at the Leeds-based company. Led by David Smith and Gareth Leece the deal aims to create one of the fastest growing SME-focused cloud managed service providers in the UK. 

Eddie Buxton, former CEO of Maintel plc, the AIM-listed cloud and managed service provider, will be joining as Chairman. As part of this MBO, Hay Wain Group – a private family office - have invested alongside Kingland Capital. 

Dynamic Networks, founded by James Baird and Gareth Leece, delivers cloud-led managed IT support, digital transformation services, cyber security and connectivity to the SME market. Dynamic Networks has delivered impressive organic growth with revenue CAGR of +40% between 2021-2023.

Kingland Capital is a private equity firm investing in the UK with equity cheques of up to £20m.  Kingland looks for markets that support companies that can scale, with high levels of recurring revenue, in high growth sub-sectors where there is an opportunity to grow both organically and through acquisition.   

David Smith, CEO of Dynamic Networks and leading the MBO commented, “Dynamic Networks has spent the last couple of years investing in their people, systems, processes and product portfolio and this investment will allow us to support the demanding needs of SMEs. I’m excited that this investment will underpin our plans to continue to grow both organically and through acquisition.”

Paul Landsman, founder of Kingland Capital, commented:  “We are thrilled to be backing Dave and his management team, together with Eddie in one of the best quality cloud managed services businesses in the UK we have seen.  We look forward to helping Dave and the team develop the business organically and through complementary acquisitions over the next few years.  We at Kingland, couldn’t be prouder to have Dynamic Networks as our first investment.” 

Advisers to the deal:

• Browne Jacobsen (Sandra Wong, Rob Northall)
• Bexley Beaumont (Maurice Dwyer)
• Grant Thornton UK (Usman Malik)
• Crowe UK (Alex Conway)
• Danescor (John Snead)

October 2023