Boston Networks acquires PEL
Boston Networks, a portfolio business of Aliter Capital, has successfully acquired South-East based sound, fire, security and audio visual (AV) soultions company PEL, from its founders Kenneth Faulks and David Jarman.
The UK FM merger and acquisition specialist Morphose introduced the parties earlier this year and the deal completed last Friday.
The senior management team at PEL will continue to manage the business and work alongside Scott McEwan, CEO of Boston Networks. Aliter Capital will use its deep industrial expertise and broad networks to drive both the organic and acquisitive growth of the combined Group.
Commenting on the transaction, Greig Brown, partner of Aliter Capital said:
“We are very pleased with the acquisition of PEL. This acquisition process has been exemplary and Morphose continue to prove their value by introducing complimentary parties.”
Morphose Managing Director Nick Atherton commented:
“It has been a pleasure working with the Boston Networks and Aliter Capital teams. We wish them every success in developing their business.”