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 […]
Boyd Group Acquires Three Collision Repair Centers in South Carolina
The Boyd Group Inc. announced the acquisition of three collision repair centers in the Columbia, S.C. market. These new Gerber Collision & Glass locations previously operated as Baker Collision Express. The Irmo shop opened in 2004, the Lexington repair center was added in 2013 and the Columbia location opened in 2016. Columbia, the state capital, […]
Boyd Group Acquires Four Collision Repair Centers in Indiana and Kentucky
The Boyd Group Inc. announced the acquisition of a multi-store operation consisting of four collision repair centers with three in Indiana and one in Kentucky. These new Gerber Collision & Glass locations previously operated as Lefler Collision & Glass, originating in the 1950s, with the most recent opening in 2015. Two of the collision repair […]
Boyd Group Acquires Two Collision Repair Centers in Alabama
The Boyd Group Inc. announced the acquisition of two collision repair centers in Alabama. These new Gerber Collision & Glass locations previously operated as Auto Collision Experts, originating with the Moody location in 2013. The Anniston location was added in 2018. Moody is one of the fastest growing cities in Alabama and is located 22 […]
Boyd Group Reports Same Store Sales Up 5.2% in Second Quarter
Overall sales increased by 25.4 percent in the quarter compared to 2018. Announces CEO succession plan. The Boyd Group Income Fund (TSE:BYD.UN) announced sales increased by 25.4% during the second quarter ended June 30 to CA$572.5 million ($430.22 million) from CA$456.6 million ($343.12 million) in 2018, including same-store sales increases of 5.2%. The result is […]
Boyd Group Adds Collision Repair Centers in Florida and Manitoba
The Boyd Group Inc. announced the July 31, opening of a collision repair center in Destin, Fla. Located in the Panhandle of Florida, Destin is the principal city on Florida’s Emerald Coast, with approximately 4.5 million visitors annually. “This new location fills a void between our Fort Walton Beach and Panama City Beach repair centers,” […]
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