The Boyd Group Income Fund (TSE:BYD.UN) announced that Glass Lewis & Co. and Institutional Shareholder Services (ISS) have both recommended that unitholders vote for the Fund’s proposed conversion from an income trust to a public corporation named Boyd Group Services Inc., which will continue the business of The Boyd Group Inc. and its subsidiaries as […]
Boyd Groups Opens Collision Repair Center in Florida
The Boyd Group Inc. today announced the opening of a Gerber Collision & Glass collision repair center in Daytona Beach, Fla. The location previously housed a dealership collision repair center before closing in 2017. Daytona Beach is the main city in a metropolitan area of approximately 600,000 people and is home to the Daytona 500, […]
Boyd Group Reports Revenue Up 23.4% in Third Quarter
Same store sales up 1.7% on days adjusted basis. The Boyd Group Income Fund (TSE:BYD.UN) today reported its third quarter sales increased by 23.4% to CA$567.0 million ($428.19 million) from CA$459.6 million ($347.08 million) in 2018, including same-store sales increases of 3.3%. Same store sales increased 1.7% on a days adjusted basis, recognizing one additional […]
Boyd Group Acquires Two Collision Repair Centers in Alabama
The Boyd Group Inc. announced the acquisition of two collision repair centers in Alabama. The location in Huntsville originated in 1981 and has operated as Quality Body Shop. The location in Pelham has operated as Oak Mountain Body Shop since 2001. Huntsville, approximately 100 miles north of Birmingham, is the fourth largest city in Alabama […]
Boyd Group Acquires Collision Repair Center in Louisiana
The Boyd Group Inc. announced the opening of a Gerber Collision & Glass collision repair center in Gonzales, La. The location previously operated as Precision Collision Center since being built 19 years ago. Gonzales is known as the “Jambalaya Capital of the World” as a result of its well-known annual Jambalaya Festival attended by more […]
Boyd Group Acquires Two Collision Repair Centers in Washington State
The Boyd Group Inc. today announced the acquisition of two collision repair centers in the Seattle/Tacoma, Washington area. These locations previously operated as Rainier Collision and have served the communities of Gig Harbor and Port Orchard for 12 years. These repair centers are located within the fast-growing Kitsap Peninsula, with a population of approximately 270,000 […]
Boyd Group Adds Collision Repair Center in Illinois
The Boyd Group Inc. today announced the opening of a Gerber Collision & Glass collision repair center in East Peoria, Ill. The location previously operated as a collision repair facility and had been closed for more than a year. East Peoria is located across the Illinois River from Peoria, the eighth-largest city in Illinois and […]
General Motors Working to Alleviate Strike Impact on Collision Repair Parts Supply
General Motors, whose workers represented by the United Auto Workers union that initiated a strike on September 16, is working to alleviate parts supply concerns impacting the the auto service and collision repair industry. In response to our questions about the impact of the strike on collision repair parts supplies, a GM spokesperson explained that […]
Boyd Group Currently Sees No Meaningful Impact on Parts Supply from GM Strike
Warns prolonged strike could disrupt parts supply. The Boyd Group Income Fund (TSE: BYD.UN) yesterday commented on the potential impact of a prolonged General Motors (GM) labor strike on parts supplies.. “To date, the Strike has had no meaningful impact on our ability to source GM collision parts required to complete collision repairs on GM […]
Boyd Group Proposes Corporate Conversion Plan
The Boyd Group Income Fund (TSE:BYD.UN) announced a proposed conversion from an income trust to a corporation structure effective January 1, 2020. According to Boyd, by converting the Fund to a corporation it can expand its investor base and improve liquidity by simplifying the organization’s capital structure and adopting one that is more generally accepted […]