Bermuda’s oldest electrical contractor has been bought out.

Bermuda Air Conditioning (BAC) Group has stuck a deal to take over Universal Electric Ltd (UEL).

The joint firm will now be known as BAC Universal Electric Ltd.

BAC Group managing director Chris Schuler said a combination of the expertise of the two firms would create an industry leader.

He added the merger would provide “the most innovative delivery of construction, products and services and a superior experience and value for our customers”.

BAC, founded in the 1950s and based in Mill Creek Road, Pembroke, employs almost 170 people and its products include air conditioning, energy management, fire protection, insulation, renewable energy, plumbing and refrigeration services.

UEL, founded in 1965 and based in nearby Serpentine Road, Pembroke, specialises in electrical work, including contracting, service and maintenance and systems integration and also operates the largest electrical retail outlet on the Island.

Mr Schuler said: “We are in the process of updating our clients regarding this exciting development and look forward to welcoming new customers to our family.”

UEL president Patrick Jones said he will become vice-president and director of the new company.

He said: “We have always had a great working relationship with BAC, which remains the undisputed leader in its field.

“The combination of the two leading speciality firms creates and exciting pool of resources and opportunities for our businesses, customers, shareholders and employees.”