Report details acquisition and private equity activity across the U.S. Focus Advisors, the mergers and acquisition advisory firm, released its review of 2023 collision repair acquisition activity. The report is provided below: Growth Never Rests – 2023 Year in Review By Raul Salinas, Senior Associate, Focus Advisors Consolidators, Accelerators and Independent MSOs remain undaunted in […]
Boyd Group Reports Sales Up Nearly 18% in Third Quarter
Same store sales were up 11.8%. MSO added 21 new collision repair locations during the quarter, including 17 acquisitions. Boyd Group Services Inc. (TSE:BYD) announced sales of $737.8 million during its third quarter ended September 30, up 17.9% from $625.7 million in the same period of 2022. Same-store sales increased by 11.8% during the third […]
Gerber Partners with Opus IVS on Scanning and Diagnostics
Gerber Collision & Glass, the U.S. collision repair brand of the Boyd Group, announced the strengthening of their partnership with Opus IVS, the provider of intelligent vehicle support solutions. This strategic alliance allows Gerber Collision & Glass to consolidate their diagnostic services through a single diagnostic platform with Opus IVS’s advanced DriveSafe platform, enabling state-of-the-art […]
Boyd Group Says UAW Strike Hasn’t Impacted its Parts Supply to Date But Cautions Long Strike Could Cause Disruptions
Boyd Group Services Inc. (TSE: BYD) yesterday commented on the potential impact of the United Auto Workers (UAW) labor strike. “To date, the Strike has not impacted our ability to source parts required to complete collision repairs; however, should the Strike continue for an extended period of time, it is possible that parts supply from […]
Boyd Group Reports Sales of Over $753 Million in Second Quarter
Overall sales were up more than 22%. Same store sales up almost 19%. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 22.9% to $753.2 million in the second quarter ended June 30, from $612.8 million in the same period of 2022. Same-store sales increased by 18.9%. The second quarter of 2023 had […]
Jeff Murray Named Chief Financial Officer at Boyd Group
Boyd Group Services Inc. (TSE:BYD) announced the appointment of Jeff Murray as Executive Vice-President & Chief Financial Officer, effective immediately. Murray has served as Interim Chief Financial Officer since January 1, 2023. “Since the beginning of 2023, Jeff has been able to seamlessly take on the position of Interim CFO, and we are pleased to […]
Boyd Group Reports Sales Up Over 28% in First Quarter Compared to Last Year
Same-store sales up over 25%. Boyd Group Services Inc. (TSE:BYD) today announced sales for its first quarter ended March 31 increased by 28.4% to $714.9 million from $556.8 million in the in the first quarter of 2022. The growth included same-store sales increases of 25.2%. The first quarter of 2023 recognized the same number of […]
Boyd Group Reports Sales Up Nearly 30% in 2022
Same-store sales up nearly 20%. Demand for collision repair services exceeded capacity. Boyd Group Services Inc. (TSE:BYD) today announced the results for the the fourth quarter and full year ended December 31. For the year, sales increased by 29.9% to $2.4 billion from $1.9 billion in the same period of 2021, including same-store sales increases […]
Boyd Group to Open New Gerber Collision Repair Centers in North Carolina and Florida
The Boyd Group (TSE:BYD) announced that two new collision repair centers will be opening soon in Winterville, N.C. and New Port Richey, Fla. The company also lists a new location coming soon in Ocala, Fla. on its website. The North Carolina collision repair center, located at 214 Beacon Dr in Winterville, will be one of […]
Boyd Group’s Mario Dimovski to Return as an IBIS Ambassador
The International Bodyshop Industry Symposium (IBIS) announced the appointment of Mario Dimovski as an IBIS Ambassador for the North American region to kickstart its 2023 schedule themed Sustainable Strategies for Success. The IBIS Ambassadors program is a collaboration between IBIS Worldwide and some of the global automotive collision repair industry’s most respected and recognized experts […]
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