Boyd Group to Acquire Master Collison Repair
December 21, 2011
The Boyd Group, which owns Boyd Autobody and Glass, Gerber Collision and Glass
and Gerber National Glass Services, has announced that it has entered
into a definitive agreement to acquire Master Collision Repair Inc.
(MCR), which owns a total of eight collision repair centers in the
Tampa, Fla., market.
The acquisition is expected to be completed in mid January 2012 and to cost approximately $11.5 to $12.0 million, “subject working capital adjustments,” according to a release from the company.
"MCR's business model and customer base are similar to Boyd's, which should result in a smooth integration with our existing business,” says Brock Bulbuck, president and chief executive officer of the Boyd Group. “Further, we assess that there is a tremendous opportunity for accretive add-on growth in Florida, building from the foundation and base of MCR.”
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