Diamond Spraying

Acquirer: Precision Repair Group (PRG)

Diamond Spraying, a Wellingborough-based automotive body shop specializing in commercial vehicle fleet repairs, has been acquired by the newly formed Precision Repair Group (PRG). This transaction represents an exit strategy for founder Paul Hakin, who sought new investment to scale the business.Summary of transaction details:Value: UndisclosedSector: Automotive Collision Repair, Commercial Vehicle ServicesAdvisor: KBS Corporate advised Diamond SprayingKey Entities: Diamond Spraying (Target), Precision Repair Group (Acquirer), Sun European Partners, LLP (Private Equity backer of PRG)Location: Wellingborough, Northamptonshire (Target) / UK-wide (Acquirer Group)Note: This acquisition enhances Precision Repair Group's UK-wide vehicle repair service offering by adding Diamond Spraying's expertise in commercial fleet repair. The integration aims to combine local specialisation with group-level investment and support, focusing on reducing vehicle off-road time and improving service for commercial clients.

Acquirer: Precision Repair Group (PRG)

Diamond Spraying has joined the newly formed Precision Repair Group (PRG) to create a UK-wide vehicle repair service offering. Summary of transaction details: Value: Not disclosed Sector: Industrials & Energy Advisor: KBS Corporate Key Entities: Diamond Spraying, Precision Repair Group (PRG) Location: UK Note: The formation of PRG is a strategic move to create a comprehensive vehicle repair service, combining local expertise with long-term investment and group-level support. This partnership will enable Diamond Spraying to expand its services and provide a stronger focus on vehicle off-road time, price, and service.