Boyd Group Completes Acquisition of Cars Collision
July 6, 2011

Boyd Group Income Fund has completed its acquisition of Cars Collision Center of Colorado LLC and Cars Collision Center LLC. The company had announced the pending acquisition in late June and the cost of the purchase approximately $21 million.

"We are very pleased to have completed the acquisition of Cars," says Brock Bulbuck, president and chief executive officer of the Boyd Group. "The acquisition is another major strategic move for us in expanding our footprint and executing our growth plan. We believe that Cars will be an excellent strategic fit with Boyd Group's existing organization and will further enhance Boyd's competitive position in the United States."

The Cars acquisition adds 14 new locations in Illinois, eight in northern Indiana, and six in Colorado. It also expands the Boyd Group's presence in the Chicago market to a total of 45 locations, an increase from 23 previously.

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