FRP Corporate Finance has advised The Vella Group on its acquisition of RGM Vehicle Body Repairs.
The deal sees The Vella Group, one of the UK's leading vehicle accident repair providers, expand its footprint into Wales and deepen its specialisms, enhancing its service to customers seeking vehicle repairs following accidents.
Family-owned accident repair specialist, RGM Vehicle Body Repairs has been serving motorists across South Wales for more than 50 years. The business was originally founded by Robert Morgan and is now led by Paul Morgan.
As part of the transaction, Paul will remain with the business on a consultancy basis to help ensure a smooth transition for its 40 colleagues, its customers and partners.
FRP Corporate Finance, led by partner Thomas Edwards and manager Alexander Griffiths advised on offer structure, project managed due diligence workstreams and led negotiations on equity price adjustments. This marks the fifth deal on which FRP Corporate Finance has advised The Vella Group.
Alexander Griffiths, manager at FRP Corporate Finance, said:
“It has been a privilege to support The Vella Group as it has continued to grow and strengthen its position as one of the UK's leading accident repair groups. This acquisition further demonstrates Vella's commitment to strategic growth, expanding its geographic footprint and reinforcing its strong position in the market.
“RGM has become a well-established specialist provider over five decades, focusing on quality workmanship, investing in its people and always putting customers first. Those values closely align with The Vella Group's own approach to building a sustainable, values-led business.”
Marc Holding, chief executive officer at The Vella Group, said:
“We're delighted to welcome Paul and everyone at RGM to the Vella Group. They've built a fantastic reputation over many years through hard work, integrity and consistently delivering for their customers. Businesses like RGM don't earn that reputation overnight, and we're committed to preserving everything that has made the business so successful while supporting its next chapter.”
Paul Morgan, director at RGM Vehicle Body Repairs, said:
“After 53 years in operation, finding the right home for the business was one of the most important decisions we've had to make. We wanted to work with a business that would value what we've built, look after our team and continue delivering the high standards our customers expect. From the outset, it was clear that The Vella Group shared those values, and I'm looking forward to supporting the business through the transition and seeing it go from strength to strength.”
Private equity was provided by Ama Capital and Keyhaven. Other advisers included Broadfield (Legal), and Crowe (FDD/TDD).
