Following a period of sustained and profitable growth, Boston Networks has secured investment from support services specialist, Aliter Capital.
The investment will enhance Boston Networks position as a leading provider of ‘Smart’ Networking, Wireless and Fire & Security technologies, and will support organic and acquisitive growth to expand our geographical footprint across the UK.
As CEO and co-founder, Scott McEwan will continue to lead the business with the support of the Senior Management Team. Scott will be joined on the board by Greig Brown and Billy Allan, the founding partners of Aliter Capital, making way for current Chairman Keith Anderson to leave the business.
Scott McEwan, CEO of Boston Networks, commented:
“Choosing Aliter as our investment partner was an easy decision. I have been aware of the Aliter team and their track record for a number of years, so having the opportunity to work closely with them on the next stage of Boston Networks development is exciting”.
“It was clear from the start that their network and experience will add significant value to the business, supporting transformational growth and the development of additional solutions for our customers. The fact that Aliter truly understands our market and how our business operates will be of major importance going forward.”
Greig Brown, Partner of Aliter Capital, commented:
“Boston Networks is a fantastic example of the type of business and management team that Aliter is looking to back and where we can use our sector expertise to support transformational growth. We have a strong track record of developing regional businesses and see clear potential to support this business both organically and through bolt-on acquisitions.”