Aliter's Boston Networks bolts on PEL

Aliter used capital from its £92m support-services-focused fund Aliter Capital I to finance the deal.

The bolt-on comes just three months after Aliter announced its buyout of IT specialist Boston Networks. The GP said it is focused on developing a fire, security and IT networking group with national coverage and a diversified blue-chip customer base, and will be on the lookout for further acquisitions.

Company
Established in 1976, London-headquartered PEL is a sound, fire, security and audiovisual firm that provides design, supply, installation and maintenance services. Its customers are typically retail, stadium, commercial, education, healthcare and public sector organisations.

People
Aliter Capital – Greig Brown (partner).
PEL Services – Kenneth Faulks (managing director).

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• Topics
• Expansion
• UK / Ireland
• Support services
• Aliter Capital
• United Kingdom
• Build-up