The life safety systems and integrated technologies platform makes a third investment
Boston Networks backed by Aliter Capital LLP (“Aliter”) less than 12 months ago continue their expansion in the UK with their second bolt-on; 2020 Vision Systems Limited (“2020”).
2020 is a North East England based security services integrator with a focus on high-end converged security systems involving IP connectivity. 2020 has created a platform with an established service offering covering the provision of innovative design, installation and maintenance services of a variety of security systems. The addition of 2020 will increase Boston Networks’ market presence across the North East England market offering a wide range of services covering multiple end user markets.
The senior management team at 2020 Vision will continue to manage the business and work alongside Scott McEwan, CEO of Boston Networks.
Aliter is focused on developing a fire, security and IT networking services business with national coverage and a diversified blue-chip customer base. Aliter continues to seek suitable bolt-on businesses that complement the Group and will use its deep industrial expertise and broad networks to drive both the organic and acquisitive growth of the combined Group.
Scott McEwan, Chief Executive of Boston Networks, commented: “We are looking forward to having 2020 as part of the Boston Networks Group. We are excited to expand our services and client base further as this will provide a strong footprint in the North East.”
Peter Houlis, Managing Director and exiting shareholder said “I am thrilled with this new partnership for 2020 and Boston Networks. Having met and worked with the team at Aliter during this time I feel confident that 2020 will have a great future ahead.”
Greig Brown, Partner of Aliter Capital and Chairman of Boston Networks said: “We are delighted to have successfully concluded the acquisition of a well-established regional business that will enhance our strategy to create a national services provider.”
Aliter Capital announced the close of its specialist support services fund (Aliter Capital I, LP) in February 2017. Founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – it is one of the first funds of its kind and is focused on small and mid-sized businesses in the UK support services sector, a market now valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter Capital is based in London and Glasgow.