Diamond Spraying

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: Undisclosed
• Sector: Automotive Collision Repair, Commercial Vehicle Services
• Advisor: KBS Corporate advised Diamond Spraying
• Key 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.