Hey there, time traveller!
This article was published 6/6/2014 (1023 days ago), so information in it may no longer be current.
The Boyd Group has acquired another multi-shop operator with 16 locations in Michigan and Florida.
The Winnipeg-based collision repair company with the largest number of locations in North America purchased Collex Collision Experts which operates 13 stores in southeast Michigan and three in Southwest Florida.
The operation generated $46 million in sales last year. Boyd paid $45 million for the company.
In April Boyd also closed a deal to acquire the Collision Revision chain of 25 stores in Illinois, Indiana and Florida for $32.5 million. Those operations generated $50 million in revenue last year.
Last month it paid $3 million for Chicago-based Netcost Claims Services, a third party administrator that serves the fleet management and insurance-funded segments of the auto glass repair industry by providing a complete outsourced solution that manages the claims process. It had sales of $25 million in 2013.
This acquisition of Collex brings the number of Boyd collision repair locations to 302 across 15 states and five Canadian provinces.