August 5, 2010—The acquisition of True2Form Collision Repair Centers Inc. by Boyd Group was officially completed.
The acquisition gave Boyd Group 37 additional facilities, in four states and a total of 130 centers in the U.S. and Canada. The purchase price was approximately $18 million.
"We are very pleased to have completed the acquisition of True2Form," said Brock Bulbuck, president and CEO of Boyd Group. "The acquisition is a major strategic move for us in expanding our footprint and continuing our growth plan. We believe that True2Form's strong management team and industry-leading operational expertise and service levels are an excellent fit with Boyd Group's existing organization and will further enhance Boyd's competitive position in the United States."
