An electrical wholesaler in Londonderry has been snapped up by a company in Co Louth for an undisclosed sum.
Cable and Accessories, which has seven branches including two in Co Donegal, was founded by Patricia and Basil Kyle.
The business has now been acquired by Bellew Electrical in Dundalk, its second big acquisition since buying Wesco Electrical in the summer.
The Derry business was founded in 1984 and has grown to now employ 45 people across branches in Derry, Omagh, Limavady, Enniskillen, Letterkenny and Buncrana.
A spokesperson said the deal “brings together two companies with a strong commitment to customer service and technical excellence, positioning them for continued success and market expansion”.
They said the companies will continue to exist under separate brands but will benefit from their combined product ranges and market positions.
Read more
Ollie Bellew, chief executive of Bellew Electrical, said: “We are delighted to welcome Cable and Accessories into the Bellew Group. Their reputation as a trusted and respected electrical wholesaler aligns perfectly with our vision for growth and commitment to quality.
“By joining forces, we can strengthen our presence in the market and enhance the service we offer to our customers. Together, we look forward to driving innovation and growth across Northern Ireland and beyond.”
Kieran McAllister, managing director of Cable and Accessories, added: “This partnership marks an exciting new chapter for Cable and Accessories.
“Joining the Bellew Group provides us with the resources and strategic support needed to continue growing and serving our customers at the highest level.
“Our teams share the same dedication to customer satisfaction and technical expertise, and we’re confident that together, we can achieve even greater success.”
Bellew Electrical secured new investment from private equity firm Waterland Ireland last year, allowing it to accelerate its growth across Ireland.
Waterland partner Laura Dillon said: “This acquisition is another significant step in Bellew’s growth journey. We are delighted to support Ollie and his team in this strategic move, which not only expands their market reach but also enhances the company’s service capabilities.
“Cable and Accessories is a strong business with deep local ties, and together, they will be well-positioned to lead across Ireland’s electrical wholesale sector.”