Boyd Group closes Cars Collision Center deal

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July 5, 2011 — Boyd Group Income Fund on Monday announced the completion of its acquisition of Cars Collision Center Colorado, LLC and Cars Collision Center, LLC.

The deal cost the Boyd Group $21 million and brought 14 shops in Illinois, eight in northern Indiana and six in Colorado under its operation. The Boyd Group now runs a total of 164 repair centers across North America, including 127 in 13 U.S. states and 37 in the four western provinces of Canada.

“We are very pleased to have completed the acquisition of Cars,” said Brock Bulbuck, president and chief executive officer of the Boyd Group. “The acquisition is another major strategic move for us in expanding our footprint and executing our growth plan. We believe that Cars will be an excellent strategic fit with Boyd Group’s existing organization and will further enhance Boyd’s competitive position in the United States.”

The Boyd Group is the largest operator of collision centers in North America. Its facilities are branded under the names Boyd Autobody & Glass, Gerber Collision & Glass, True2Form and now Cars Collision. For more information, go to boydgroup.com.
 

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