Boyd Group Acquires Hansen Collision and Glass
Sept. 4, 2013—The Boyd Group Income Fund announced Tuesday that it has acquired Hansen Collision and Glass and its 25 locations througout Michigan and Indiana.
According to a press release_notes, the Boyd Group purchased Hansen Collision and Glass, which generated approximately $38 million in revenue over the past 12 months, for approximately $23.6 million.
Boyd Group president and CEO Brock Bulbuck said in the statement that this is the company’s sixth multi-shop acquisition since 2010 and heightens the total of collision repair locations to 253 spread across 15 U.S. states and five Canadian provinces. The group operates U.S. chains Gerber Collision & Glass and Autocrafters, among others.
“Hansen Collision and Glass has a business model and customer base similar to Boyd's and immediately creates a strong presence in Michigan as well as provides us with additional growth opportunities. This transaction demonstrates our commitment to our stated growth strategy while reinforcing our position as an industry-leader,” Bulbuck said.