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 […]
Boyd Group Acquires 14 Collision Repair Centers in Michigan and Indiana
The Boyd Group Inc. announced the acquisition of 14 collision repair centers in Michigan (8 locations) and Indiana (6 locations). The new Gerber Collision & Glass shops were previously branded as Vision Collision, 14/69 Auto Body, Angola Collision Services and Mcfall’s Collision & Frame Service in the Ft. Wayne, Indiana, and Lansing, Michigan, areas. Ft. […]
Farmers Insurance Partners with National Auto Body Council on Veteran Vehicle Donations
Farmers Insurance recently donated three newly refurbished vehicles to veterans during a special ceremony at Copart’s Willis Johnson Ranch in Celina on Thursday, February 6. Farmers worked with Service King, Crest Auto Group and Gerber Collision & Glass to restore the vehicles for the recipients as part of the National Auto Body Council (NABC) Recycled […]
Boyd Group Opens New Collision Repair Center in Colorado
The Boyd Group Inc. announced that it has opened a Gerber Collision & Glass repair center in Littleton, Colo. This location previously operated as a warehouse and office but has been converted to a state-of-the-art collision repair facility. Littleton is the county seat of Arapahoe County and included in the Denver metropolitan area with a […]
Boyd Group Adds Collision Repair Centers in Michigan and British Columbia
The Boyd Group announced the acquisition of two collision repair centers in separate transactions in the U.S. and Canada. Boyd announced the acquisition of a collision repair center in Utica, Mich. The new Gerber Collision & Glass location previously operated as Macomb Collision Tire & Service, operating under the same ownership for 44 years. Utica […]