The M&A workforce of FRP Advisory has introduced the profitable shut of two of its sale mandates, each for automotive participant The Vella Group.
Established over 40 years in the past, The Vella Group is an automotive restore supplier with restore centres in Deeside and Chester, serving North Wales, South West and East Midlands.
Backed by non-public fairness companies Ama Capital and Keyhaven Capital Companions, The Vella Group has the ambition to develop organically and inorganically, with two offers now taking the group to twenty websites throughout England and Wales.
The acquisition of UK Carbody provides restore centres in Avonmouth and Bristol, whereas the bolt-on of GB Flint Coachworks provides restore centres in Nottingham, Derby and Leicester.
Marc Holding, CEO at The Vella Group, commented: “Each UK Carbody and GB Flint Coachworks are nice companies with sturdy reputations and skilled groups, and their addition strengthens our presence in two essential areas as we proceed to develop throughout the UK.”
Each offers have been suggested on the buy-side by FRP Company Finance, a enterprise of FRP Advisory. The transaction was led by its Cardiff workforce, overseen by associate Thomas Edwards and supervisor Alexander Griffiths. The workforce led negotiations on every supply, mission managed the due diligence workstreams and supplied industrial enter all through the authorized negotiations, serving to The Vella Group to safe the very best consequence on each offers.
“The acquisitions of UK Carbody and GB Flint Coachworks signify one other essential step in The Vella Group’s thrilling progress journey. By strengthening its nationwide presence, the group continues to construct a number one platform within the UK accident restore sector,” stated Edwards.
The transactions mark the newest chapter in FRP Company Finance’s ongoing relationship with The Vella Group, having beforehand suggested the administration workforce on its non-public equity-backed buyout and supported the enterprise in securing an acquisition finance and progress bundle to fund its enlargement technique.
Edwards: “We’ve now suggested The Vella Group throughout a number of transactions from our Cardiff base, and we stay up for supporting the following part of its buy-and-build technique.”
Final week, FRP Advisory was named among the many UK’s main M&A consultancies in an industry-wide benchmark.
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