P&L returns to acquisition trail

P&L Systems has bought pest control supplies firm SX from its founder for an undisclosed sum.

The deal with SX founder Richard Lunn is the latest in a series of acquisitions by Knaresborough-based P&L which supplies insect control and hygiene products to facilities managers.

P&L has seen turnover grow from £9m to £25m over the last four years and is set to move to a new 35,000 sq ft premises.

Peter Mangion, managing director of P&L Systems said: “Richard Lunn and his team have built a strong business in SX and we are delighted that the team there will remain with us to help with the next stage of the company’s development.

“This is an important strategic acquisition for P&L Systems, one which broadens our offer to our increasingly wide pest control and facilities management customer base, across Europe.”

P&L was advised on the deal, which was funded by Yorkshire Bank, by a team from the Leeds office of PKF.

PKF corporate finance director Craig Martin said: “Despite the current tough economic conditions, this deal is evidence that there are still businesses which are thriving and growing with the right business plan.”

SX Environmental was founded in 1996 and is based in Southend.