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Boyd Group Reports Sales Up 4.2% in 2024

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Addition of new locations lifts revenue as same store sales declined year-over-year. Boyd Group Services Inc. (TSE: BYD) announced sales increased by 4.2% to $3.1 billion in 2024 from $2.9 billion in 2023. The result included incremental sales from new locations of $187.2 million, partially offset by same-store sales declines of 1.8%. Fiscal 2024 recognized […]

Boyd Group Unveils Five-Year Growth Strategy Targeting $5 Billion Revenue

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Plan calls for increasing market share from 6 to 10% in 2029 of $50 billion collision repair industry. Boyd Group Services Inc. (TSE: BYD) announced an ambitious five-year strategic plan aimed at significantly expanding its market presence and profitability through 2029. The company, which currently holds the second position in the highly fragmented collision repair […]

Boyd Group Announces CEO Succession Plan

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Tim O’Day to be succeeded by Brian Kaner in May 2025. Boyd Group Services Inc. (TSE: BYD) announced that, effective May 14, 2025, Chief Executive Officer Timothy O’Day will step down from his current role, to be succeeded by Brian Kaner, current President and Chief Operating Officer of Boyd. These changes are planned to be […]

Boyd Group Reports Nearly 100 Locations Temporarily Closed Due to Hurricanes Helene and Milton

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Boyd Group Services Inc. (TSE: BYD) announced that recent hurricane activity has called for certain Gerber Collision & Glass locations in the affected areas to be temporarily closed, with some closures made in accordance with mandatory evacuation orders, and some on a discretionary basis to allow employees to prepare accordingly. During the last week of […]

Boyd Group Reports Second Quarter Sales of $779.2 Million

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Overall sales up 3.4% for the quarter, but same-store sales were down. Announces appointment of President and Chief Operating Officer. Boyd Group Services Inc. (TSE: BYD) today announced sales for the quarter ended June 30 increased by 3.4% to $779.2 million from $753.2 million in the same period last year. Same-store sales declined during the […]

Boyd Group Reports Sales of $2.9 Billion in 2023

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Overall sales were up 21.1% compared to 2022. Added 106 new locations during the year. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 21.1% to $2.9 billion, up from $2.4 billion in 2022. Same-store sales increased 15.8% during the year. Fiscal 2023 recognized one less selling and production day when compared to […]

Focus Advisors Releases 2023 Collision Repair Consolidation Year in Review

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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

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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 […]

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