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Body Group is a Auto Body Collision Repair in British Columbia, Saskatchewan, Manitoba and Alberta.

Description

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Boyd Group Services Inc. (”BGSI”) is a Canadian corporation and controls the Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD. The Boyd Group Inc. (the “Company”) is one of the largest operators of non-franchised collision repair centers in North America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. In addition, the Company is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. The Company also operates a third party administrator Gerber National Claim Services (“GNCS”) that offers glass, emergency roadside and first notice of loss services.[1] [2]

History

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The storied history of the Boyd Group begins with the opening of the first Boyd Autobody collision repair facility in Winnipeg, Manitoba, Canada on November 1st, 1990. Founder Terry Smith made his vision of clean, bright, professional, and welcoming autobody shops a reality, and ensured the company’s focus was squarely on customer service. Guided by an astute, dedicated group of industry professionals, Boyd began to flourish. Expansion followed in various cities across western Canada, and by 1995 Boyd had grown to twelve locations. The Boyd Group became incorporated in 1997, opening a new chapter in the company’s history. With a goal of becoming the true leader of the autobody industry in North America, plans for growth continued.

In 1999, Boyd gained the title of largest collision repair operator in Canada, and confidently opened the company’s first U.S. locations. In 2004, Boyd expanded its U.S. footprint, acquiring Gerber Collision & Glass and its sixteen locations. Boyd followed its aggressive growth strategy by acquiring the Globe Amerada Glass Network in 2005 (re-branded as Gerber National Glass Services), a customer referral network comprised of 3,000 independently-owned glass repair/replacement businesses across the U.S. In 2010, Boyd acquired True2Form Collision Repair Centers, an established chain of 37 locations operating in four eastern U.S. states. In 2011, Boyd acquired Cars Collision Centers, an established chain of 28 locations operating in three U.S. states. In 2012, Boyd acquired Master Collision, Pearl Auto Body, The Recovery Room and Autocrafters. These four multi-shop acquisitions added 39 locations to Boyd’s operations and secured Boyd’s position as the largest operator of non-franchised collision repair centers in North America by number of locations. In 2013, Boyd acquired Glass America, a retail auto glass business with locations across 23 U.S. states, and Hansen Collision and Glass, a collision repair business with 25 locations operating in western Michigan and Indiana. In 2014, Boyd acquired Collision Revision, Collex Collision and Champ’s Collision Centers, with a total of 47 collision repair locations in Illinois, Indiana, Michigan, Florida and Louisiana. In 2015, Boyd acquired Craftmaster, with six collision repair locations in Florida. In 2017, Boyd acquired Assured Automotive, operating 68 collision repair locations in the province of Ontario, including 30 intake centers co-located at automotive dealerships.


Trayectory

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After almost 30 years in business, Boyd operates in Canada and the U.S., with over 8500 employees at over 600 locations. The company continues to be guided by the principles of customer satisfaction, continuous improvement, and sound financial management. The leadership team of the Boyd Group believes that there is significant opportunity to continue to grow the business and, by extension, grow unitholder value by building on Boyd’s solid foundation.

References

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  1. ^ https://www.boydautobody.com/
  2. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
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Category:S&P/TSX Composite Index