Aug. 31, 2017—FOCUS Investment Banking, a prominent advisory and intermediary firm in the automotive services sector, announced that Concours Collision Centres and its four locations have been acquired by The Boyd Group. Concours represents the first transaction completed by FOCUS Automotive outside the U.S., and its third transaction completed in the last 30 days.
Concours Collision, one of the premier operators in the Calgary, Alberta market, had been approached by multiple parties over a number of years. Three years ago they selected FOCUS to assist them in preparing for an eventual sale.
“It is always good to see clients have multiple choices when it comes to determining who they are ultimately going to sell their company to—Concours was no exception," Rick Thomas, the FOCUS managing director who led the transaction, commented. "The process we ran elevated a higher level of interest from not only suitors we expected, but also surfaced a number of new potential buyers in the market.”
The Boyd Group Inc. is one of the largest operators of non-franchised collision repair centres in North America.
“We are excited to be expanding our presence in the Calgary region, a large market with a population of approximately 1.5 million,” said Eric Danberg, president of the Boyd Autobody & Glass operations. “Our new locations will complement our 5 other centres in the Calgary area and provide us with 16 locations in Alberta to better serve our customers and insurance partners.”
Owner Ken Friesen and his management team will remain to assist in Boyd’s continued expansion.
