Growth into southeast
Boston Networks expands with PEL deal
Scott McEwan: ‘acquisition will further deepen the services offered’
Boston Networks, the Glasgow-based telecoms and infrastructure company, has acquired London company PEL Services for an undisclosed sum.
The deal represents the first bolt-on acquisition in the drive to establish Boston Networks as a major UK group.
The combined business will employ 150 specialist staff, giving it the reach and capability to provide services to public and private sector customers across the UK.
Boston, established in 2000, is an integrated technologies specialist and this is the first acquisition since the investment fund Aliter Capital acquired a major stake in January.
Glasgow and London-based Aliter, which focuses on small to mid-size UK support services businesses, will work with Boston to deliver organic growth and target further complementary bolt-on acquisitions.
Founded in 1976, PEL is an owner-managed company with national coverage across a broad range of private and public sector customers.
The senior management team at PEL will continue to manage the business, working alongside Boston CEO Scott McEwan.
He said: “We look forward to leveraging PEL’s many years of experience of working in the sound, fire, security and audio-visual markets which will help us to drive towards the next phase of our growth.
“This acquisition will further deepen the services offered by Boston Networks as we continue to grow.”
Kenneth Faulks, PEL managing director and exiting shareholder, said: “I believe the partnership between PEL Services and Boston Networks, with the support of Aliter, gives the company a major platform for growth in the years ahead. “
Greig Brown, partner of Aliter Capital and chairman of Boston Networks said: “PEL Services is a great addition and excellent fit for the Boston Networks business.”
Over the last few years, Boston Networks has completed a range of major contracts, including projects and services for the Queen Elizabeth University & Children’s Hospital, the 2014 Commonwealth Games and the 2014 Ryder Cup.