Winnipeg Free Press - ONLINE EDITION

Boyd acquires Florida collision repair shops

  • Print

Boyd Group Income Fund is doubling its presence in Florida with the announcement this morning that it has an agreement to acquire 11 collision repair centers in the Orlando region.

The acquisition of The Recovery Room Collision Repair (TRR) is expected to generate annual sales of approximately $23 million US for Boyd and add $1.6 million US in annual EBITDA.

Boyd will pay $7.3 million US for TRR, through a combination of cash, bank debt and third-party financing. It will not be issuing any new equity to fund the transaction so it will not result in equity dilution to unitholders.

The Winnipeg-based collision repair operation is the largest multi-location operator in North America in terms of annual sales and number of locations.

Boyd Group Income Fund recently reported sales for the first nine months of the year of $319.4 million and EBTIDA for the period of $17 million EBITDA.

Boyd units were up 11 cents this morning on light trading to $16.66, close to their 52-week high of $17.16.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Winnipeg Cheapskate: Your cheapskate questions

View more like this

Photo Store Gallery

  • A goose heads for shade in the sunshine Friday afternoon at Woodsworth Park in Winnipeg - Day 26– June 22, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Young goslings are growing up quickly near Cresent Lake in Portage La Prairie, Manitoba- See Bryksa 30 Day goose project- Day 11- May 15, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Are you worried Ebola might make its way to Canada?

View Results

View Related Story

Ads by Google