BTS Group AB Acquires Bates Communications
January 4, 2021
BTS Group AB has agreed to acquire Bates Communications Inc., a Boston-based executive coaching and corporate communications firm, to strengthen BTS's executive and team development offerings and establish a stronger presence in the US Northeast. Bates reported revenues above $7 million in 2020 and about 23 employees; the deal includes cash consideration, newly issued BTS shares and contingent earnouts.
- Buyers
- BTS Group AB
- Targets
- Bates Communications Inc.
- Industry
- Professional Services
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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