Nautel Gets New Owners, But It's Biz as Usual
Hackett's Cove, NS - Nov 9, 2011 - Nautel has new owners, but according to Peter Conley, Nautel CEO, the new owners will have no impact on how the company does business, and things will run as they always have.
The three founders - Dennis Covill, David Grace and John Pinks - have sold all shares in the company they started. Nautel was founded in 1969. The new owners hold 100 percent of Nautel's shares. They are from the Halifax business community. George Waye is an accountant; Bob Healy owns a financial planning firm; and Kevin Rodgers, Nautel director of customer service and IT, who owned a number of shares under the previous ownership arrangement, has been with the company for more than 20 years.
Peter Conlon says the transaction is all at the ownership level and has been in process for about a year. He also noted that Nautel has been having great business for the past several years. He attributes some of this to the company's investment in developing new products in 2008, which at the time was something if a gamble, but for Nautel it has paid off.
To sum it up, Conlon said, "This means another decade of stability for Nautel."
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
This high-visibility and high-traffic area got the full acoustic treatment.
Browse Back Issues[an error occurred while processing this directive]
Also in the May Issue
- Remote Access and Site Connectivity: Wireless
- Standards of FM Allocation and Interference
- Side by Side: Mic Processors
- Field Report: Deva Broadcast DB4004
- Field Report: APT WorldCast Systems Horizon NextGen
- New Products
- 20 Years of Radio magazine: May 1994