Boyd Group Completes Acquisition of Master Collision Repair
January 4, 2012
The Boyd Group Income Fund, which owns Boyd Autobody and Glass, Gerber Collision and Glass and Gerber National Glass Services, has completed the acquisition of Master Collision Repair Inc. The pending acquisition was announced in late December.
The cost of acquisition was between $11.5 and $12.0 million, according to the company, but is subject to normal post-closing working capital adjustments.
"We are very pleased to have completed the acquisition of Master, which marks Boyd's entry into the Florida collision repair market," says Brock Bulbuck, president and chief executive officer of the Boyd Group.
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