Double Diamond Delivery has secured an essential new funding, because it seems to broaden its providers throughout the south of England. The Tub-based agency has secured a strategic partnership with Spherica Business Solutions, in a deal supported by KBS Company.
Based by Olly Lock, integrated in 2021 and primarily based in Tub, Double Diamond provides intensive expertise in technology-enabled change, structured supply, answer design, and operational enchancment. The agency helps purchasers in a variety of market sectors together with native authorities, housing associations and healthcare, whereas sister firm, Double Diamond Recruitment, supplies supplementary recruitment providers to those self same companies.
Because the agency seems to push forward with development plans, a serious stake in Double Diamond has been acquired by Spherica, a Birmingham-based expertise and IT managed providers supplier which allows organisations to modernise expertise, maximise efficiency, and totally leverage AI and automation.
Kay Riley, Spherica’s managing director, commented, “This funding represents a key milestone for Spherica. Bringing Double Diamond into the group strengthens our transformation functionality and allows us to assist extra organisations flip expertise turn into significant operational outcomes.”
As Double Diamond seems to additional stimulate development, CEO Olly Lock – who stays on the head of the corporate – insisted that the deal was extra of a strategic partnership than a straight buy. He argued that whereas Spherica is buying a majority shareholding, that means formally the agency is “being ‘acquired’”, genuinely “we see this as a partnership.”
Lock added, “Double Diamond Delivery and Double Diamond Recruitment will stay as organisations in their very own proper, though authorized constructions will place us as a part of the Spherica group. It’s a no-change place, nonetheless we count on to see big advantages of being half of a bigger organisation from a enterprise improvement and operational perspective.”
The transaction was suggested by Will Griffiths, a deal government with KBS Company. Griffiths defined that the agency was “delighted to convey the transaction course of to a profitable conclusion”.
He expanded, “I’d like to supply my congratulations to each Olly and Spherica. It’s a fantastic final result for all concerned and I want them the perfect of luck going ahead.”
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