Boyd Group Makes News Again with Acquisition
of Queensway Auto Body
June 7, 2013
The Boyd Group recently announced its acquisition of Kitchener,
Ontario-based Queensway Auto Body Ltd. (Queensway), a single-location
collision repair shop.
Queensway is one of the Kitchener/Waterloo market and has been
in business since the late 1950s. It will continue to operate under
its current name for a period of time.
This is Boyd's first acquisition in the Ontario market.
"We have been looking to expand into the Ontario market for some
time now and we believe this is the right opportunity," says Eric
Danberg, president, Canadian Operations for the Boyd Group. "Not
only is this a financially accretive acquisition, but it is also
very strategic with a well-established brand, convenient and accessible
location and strong reputation. It is important to us that we enter
a new market like Ontario by establishing a solid foothold for further
expansion and Queensway accomplishes that objective."
Boyd has made several other acquisitions recently, most notably
of 61 Glass America shops announced late last week.
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