With the acquisition, Boyd now has 110 locations in Canada and 476 in North America.
Boyd Group Income Fund (TSE:BYD.UN) yesterday announced that it has closed the acquisition of Assured Automotive Inc. that was announced in May. The total consideration for the transaction is approximately CA$193.6 million ($148.9 million), subject to closing and post-closing adjustments, and was funded through $146.1 million in cash and $47.5 million in Boyd Group Income Fund units priced at $88.31 per unit. The acquisition is expected to be immediately accretive to the Fund’s earnings and distributable cash.
“The addition of Assured significantly increases our
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