Expands presence in Milwaukee market. The Boyd Group Inc. announced the acquisition of two collision repair centers in Hales Corners and Milwaukee, Wisc. The locations previously operated as Auto Body Express (Hales Corners) and Lou’s Auto Body (Milwaukee). Milwaukee, located on the western shore of Lake Michigan, is the largest city in Wisconsin with a […]
Boyd Group Acquires Two Collision Repair Centers in Arkansas
Acquisition marks entry into state. The Boyd Group Inc. announced the acquisition of two collision repair centers in Farmington and Rogers, Arkansas. The acquisition marks the Boyd Group’s entry into the state of Arkansas. The new Gerber Collision & Glass locations previously operated as Northwest Arkansas Collision Center, originating in 2007 in Farmington and expanding […]
Boyd Group Opens Collision Repair Center in North Carolina
The Boyd Group Inc. announced the opening of a Gerber Collision & Glass collision repair center in Cornelius, N.C. The location previously operated as a dealer collision center. Cornelius is a suburb of Charlotte, the largest city in North Carolina, and is located along Lake Norman, the largest man-made body of fresh water in the […]
Boyd Group Reports Sales Down Over 25% in Second Quarter Due to Pandemic
Same store sales down 33% compared to last year. Boyd Group Services Inc. (TSE: BYD) today announced sales decreased by 25.5% to CA$426.5 million ($321.6 million) in the second quarter ended June 30 from CA$572.5 million ($431.7 million) in the same period of 2019, including same-store sales decreases of 33.0%, which was negatively impacted by […]
Boyd Group Completes $164 Million Bought Deal Share Offering
Boyd Group Services Inc. (TSE:BYD) today announced that it has closed its previously announced bought deal financing share offering consisting of the original 1,265,000 shares at a price of CA$183.00 per share. The offering raised CA$231,495,000 ($164.3 million) as the underwriters exercised their over-allotment option in full, acquiring an additional 165,000 shares above the initial […]
Boyd Group Reports May Sales Continue to be Impacted by Coronavirus
Reports May sales down slightly less than 40% so far. Announces amended credit facility and final first quarter earnings Boyd Group Services Inc. (TSE:BYD) announced its final first quarter financial results and provided updates on its negotiations to amend its credit facility and the continuing impact of the COVID-19 pandemic. The company had released its […]
Boyd Group Reports First Quarter Results Up 12.5% Versus 2019
Same store sales decreased 1.5%. Company raises CA$200 million to fund future acquisitions and improve balance sheet. Boyd Group Services Inc. (TSE:BYD) announced its preliminary first quarter financial results and that it raised approximately CA$200 million ($143.6 million) through a bought deal share issuance under an agreement with CIBC Capital Markets, Cormark Securities Inc., Goldman […]
Boyd Group Reports All Locations Open, Demand Down 40-50% as Result of Pandemic Response
The Boyd Group Services Inc. (TSE: BYD) provided an update on the impact of the COVID-19 pandemic on its business. According to today’s update, all of its locations continue to be open, though demand is down from normal levels. According to the company statement, “In order to continue to offer the quality service customers, insurance […]
Boyd Group Reports Revenue Up 22.5% in 2019
Same-store sales up 3.3%. Will pause closing new acquisitions during COVID-19 crisis. The Boyd Group Services Inc. (TSE:BYD) today reported 2019 sales of increased by 22.5% to CA$2.3 billion ($1.59 billion) from CA$1.9 billion ($1.32 billion) in 2018, including same-store sales increases of 3.3%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 24.3% […]
Boyd Group Acquires Collision Repair Center in Wisconsin
The Boyd Group Inc. announced the acquisition of a collision repair center in Waukesha, Wisc. The new Gerber Collision & Glass location previously operated as Nagel Auto Body, providing service since 1986. Waukesha is the county seat of Waukesha County and home to Carroll University, Wisconsin’s first four-year institution of higher learning. Waukesha is located […]