New acquisition for Northern Bear
Northern Bear is pleased to announce the acquisition H Peel & Sons (Holdings) Limited.
Based in Dewsbury, West Yorkshire, H Peel & Sons is an established interiors and fit-out business with over 50 years of experience. With a wide ranging portfolio providing excellent design solutions, H Peel & Sons has primarily operated in the hotel and leisure sectors. The acquisition is an excellent fit and welcome addition to Northern Bear and provides both sectoral and geographical diversity to the group.
The management team at H Peel & Sons have been with the company for many years and have committed to remain with the business for at least three years after completion of the acquisition.
Steve Roberts, Executive Chairman of Northern Bear, commented:
“I am delighted to announce our first acquisition for almost ten years. We have looked at a number of acquisition opportunities in recent years and H Peel was the first one that met all of our criteria. We have acquired a well-established, consistently profitable and cash generative business with a strong management team in place who are committed to remaining with the business. I would like to welcome all of H Peel’s employees to our Group and look forward to working with them.“