PEL joins with Boston Networks
Exciting times ahead - PEL joins with Boston Networks to build major UK life safety, security and networking group
PEL Services Limited, the well-regarded sound, fire, security and audio visual (AV) solutions company has joined forces with Glasgow-based life safety, security and integrated technologies business Boston Networks.
Boston Networks’ purchase of London-based PEL represents its first acquisition in the drive to establish a major UK group and a national provider of integrated life safety, security and networking services. The deal is the first acquisition since the Glasgow and London-based specialist investment fund Aliter Capital acquired a major stake in Boston Networks in January.
Boston Networks, established in 2000, is an integrated technologies specialist working across IT network infrastructure, with a focus on life safety, security and smart building solutions, encompassing wired and wireless systems.
PEL provides engineering design, installation, supply and maintenance solutions and its strong presence in London and the South East will contribute to the Group’s strategic plan to expand its national footprint.
Kenneth Faulks, PEL Managing Director and exiting shareholder, said “I believe the partnership between PEL Services and Boston Networks, with the support of Aliter Capital, gives the company a major platform for growth in the years ahead. Having worked alongside Aliter during the last few months, it gives me huge confidence that I am leaving PEL Services in great hands and with a clear strategy in place to ensure continued success.”
The senior management team at PEL will continue to manage the business, working alongside Boston CEO Scott McEwan. Aliter Capital, which focuses on small to mid-size UK support services businesses, will work with Boston Networks to deliver organic growth and target further complementary bolt-on acquisitions.
Boston Networks CEO Scott McEwan (pictured) 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 and focus on applying technology to improve the performance, safety and security of people, buildings and assets.”
The combined group will employ 150 specialist staff, giving it the reach and capability to provide services to major public and private sector customers across the UK.
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. In addition to offering a complementary product offering and strong management team to Boston Networks, it is a significant step forward in our plan to create a national provider of integrated life safety, security and networking services.”