Repair and restoration company poised for growth following acquisition
Integrated property services business, MA Group, has acquired 76% of the share capital of Halifax-based property repair and restoration firm Cosmetic Repair Company (Northern) (CRC).
CRC, which began trading in 2016, provides specialist property cosmetic services including damage repairs; brick and stone tinting and cleaning; UPVC, wood and aluminium spraying; and mastic sealant services.
Operating in sectors which include housebuilding, general construction, commercial and retail buildings, and hotel and leisure, CRC will enhance the range of products and services MA Group can provide to insurers and their intermediaries, housebuilders, housing associations and build-to-rent specialists.
MA Group, based in Aylesbury, has been trading since 1996. It manages over 200 suppliers nationwide, project-managing tens of thousands of claims each year.
Sam Moore, CRC managing director, will remain involved with the business. He said: “I’m really looking forward to joining the MA Group team and to fulfilling the growth plans for CRC.
“The company will now have the infrastructure to execute services for our clients at a higher level with the assistance and help of a wider group.
“These are very encouraging times for CRC and I’m excited about what the future will bring as part of the MA Group.
“I’d like to thank everyone who has helped with the transition and we are all looking forward to building on the success so far.”
Paul Hayman, CEO of MA Group, added: “I’m pleased we have completed this acquisition, bringing more scale, technical expertise and excellence to MA Group.
“Our continued expansion into surface repairs complements our existing services and will bring more benefits to our clients and their customers.
“We are excited to build a nationwide surface-repair solution in a fragmented industry. We look forward to bringing the same market-leading changes to the surface repair industry that we have brought to the restoration industry.”
KBS Corporate was instructed on the sale of CRC, with the transaction being led by corporate deal executive Jacob Lord.
Lord praised his KBS Corporate colleagues Carmen Wong (document writer) and Julia Gorska (research analyst) for helping enable the deal to be completed within six weeks of the initial Heads of Terms being signed.
He said: “MA Group were very impressed by what Sam had built. Sam’s ongoing role in the business was of vital interest as they recognised his talent and drive early in the discussions.
“Sam has been a pleasure to deal with from start to finish – a very motivated and driven individual, which was ideal in this collaborative process.
“The buyers were very professional, moved quickly, had the right people involved and focused on the aspects of the deal that mattered.”
Lord also thanked Richard Coulthard of law firm Ison Harrison.
