Winnipeg Free Press - PRINT EDITION

Boyd Group buys U.S. repair chain

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The Boyd Group Income Fund has acquired a 25-location collision-repair company with locations in Illinois, Indiana and Florida.

The Winnipeg-based collision-repair company, which is coming off the best financial quarter in its history, paid $32.5 million for Dora Holdings, LLC, which operates as Collision Revision.

That company, which includes 15 locations in Chicago, generated about $50 million in revenue in 2013.

It is Boyd's seventh major multi-shop acquisition since 2010 and reinforces its position as the largest collision-repair operator in North America in terms of number of shops.

With the acquisition, Boyd will have 288 collision-repair locations across 15 states and five provinces.

The announcement was made after the close of trading Monday, when Boyd's units closed down 29 cents to $36.26.

Republished from the Winnipeg Free Press print edition April 15, 2014 B5

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