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Tag Archives: Boyd Group Income Fund
Boyd Unitholders Vote in Favor of Proposed Corporate Conversion Arrangement
Boyd Group Income Fund announced that unitholders have voted in favor of the plan of arrangement, which will result in the conversion of the Fund from an income trust to a public corporation named “Boyd Group Services Inc.” The corporation … Continue reading
The Boyd Group Grows in Second Quarter
The Boyd Group Income Fund has had growth in its 2018 second quarter, according to reports for its three and six month periods which were made public today. The Boyd Group Income Fund, owned by Boyd, is currently in its … Continue reading
Boyd Group Shows Third Quarter Growth Despite Hurricanes, Currency Troubles
Boyd Group Income Fund reported its third-quarter financial results on Wednesday. The company’s sales increased by 13.5 percent, to $391.9 million (Canadian dollars) from $345.3 million in 2016. Boyd reported that its financial results were impacted by Hurricane Irma, and … Continue reading
Boyd Group: Strong Q2 Sales Despite Underperforming Auto Glass Business
The Boyd Group, parent company to Gerber Collision & Glass and Glass America, reported that its second quarter sales totaled $302.5 million USD ($384 million CAD), a 16-percent increase compared to 2016. The growth is attributed to several factors, one … Continue reading
GNCS Lifts Second-Quarter Sales at Boyd Group
Canadian-based Boyd Group Income Fund, parent company to Gerber Collision & Glass and Glass America, reported that the recent addition of new customers at Gerber National Claim Services (GNCS) boosted same-store sales by 1.4 percent to overall growth of 5.1 percent in the second quarter. Continue reading
Boyd Group Reports Double-Digit Growth in Sales
Boyd Group Income Fund, which owns Gerber Collision & Glass and Glass America, reported that first-quarter sales increased by 24.3 percent to $270.5 million USD ($350.4 million CAD), compared to $217.6 million USD ($281.8 million CAD) in the prior year. In addition to acquiring 20 collision repair facilities during the period, the company also purchased Ryan’s Auto Glass, which includes four locations serving the Cincinnati and Dayton, Ohio, area. Continue reading
CEO Looks to Double Boyd Group’s Footprint in Five Years; Acquires J&M Body Shops
Canadian-based Boyd Group Income Fund, parent company to Gerber Collision & Glass and Glass America in the United States, among others, reported today that 2015 sales grew by 39.1 percent to $757. 4 million USD ($1.2 billion CAD) year-over-year. The company will likely double in size over the next five years, Boyd Group’s CEO said during the conference call. Continue reading
Boyd Group: Strong Glass Sales Continued into Q3
“While glass sales are traditionally strongest in the second quarter of the year, we continued to see strong glass same-store sales growth in the third quarter,” said Brock Bulbuck, president and CEO of Boyd Group Income Fund, in a letter to shareholders. Continue reading
Boyd Group Income Fund Added to the S&P/TSX Composite Index
After the close of trading on Friday, September 18, 2015, Boyd Group Income Fund (TSX: BYD.UN), parent company to Gerber Collision & Glass, Glass America and more, will be added to the S&P/TSX Composite Index. Continue reading
Boyd Group Shows No Signs of Slowing Growth
Boyd Group Income Fund, parent company to Gerber Collision & Glass, Glass America and others, has increased its existing revolving credit facility to fund future growth. How much credit does the company now have access to? Continue reading
Boyd Group Nominates Sally Savoia to Board of Trustees
Boyd Group Income Fund, parent company to Glass America, Gerber Collision and Glass and more, has announced the nomination of Sally A. Savoia for election to its board of trustees. Savoia was most recently corporate vice president and chief human resources officer, USA for Praxair Inc., an international industrial gases supplier with 2014 revenues of $12.3 billion USD. Continue reading
Boyd CEO “Glass Acquisitions Represent Opportunity for Future”
More glass company acquisitions could be in Boyd Group’s future, said Brock Bulbuck, CEO. However, right now, Canadian-based Boyd Group Income Fund, parent company to Gerber Collision & Glass, Glass America and Hansen Collision and Glass, is focused on integrating the glass businesses it has acquired over the last year, Bulbuck said. Continue reading
Boyd Group Names New CFO, Expands in Florida
Canada-based Boyd Group Income Fund, which owns Gerber Collision & Glass, Glass America and more, has named Narendra “Pat” Pathipati as executive vice president and chief financial officer. Pathipati succeeds Dan Dott, who will remain with Boyd as senior vice president of finance for a one-year transition period. Following the transition, Dott will retire on December 31, 2015. Continue reading
Boyd Group Income Fund Announces Cash Distribution
Boyd Group Income Fund, parent company to Gerber Collision & Glass and Glass America, has announced a cash distribution for the month of December 2014 of $0.041 per trust unit. The distribution will be payable on January 28, 2015 to unit holders of record at the close of business on December 31, 2014. Continue reading
Boyd Group CEO Calls Same-Store Glass Sales “Meaningful”
Third-quarter same-store sales for Boyd Group Income Fund, parent company to Gerber Collision & Glass and Glass America, increased $9.74 million USD ($11.0 million CAD) or 8.8 percent in the U.S. “U.S. glass sales were meaningful, but slightly lower than the 8.8-percent same-store growth,” said Brock Bulbuck, president and CEO during a conference call. Continue reading
Boyd Group Income Fund Completes Bought Deal Financing
Boyd Group Income Fund, parent company to Glass America, Gerber Collision & Glass and others, has closed its previously announced $100 million CAD bought deal financing consisting of 1,181,000 trust units at a price of $42.35 CAD per unit and $50 million CAD aggregate principal amount of 5.25 percent convertible unsecured subordinated debentures due October 31, 2021. Continue reading
Boyd Group Announces Cash Distribution
Boyd Group Income Fund, parent company to Glass America, Gerber Collision & Glass and others, announced a cash distribution for the month of September 2014 of $0.04 per trust unit. Continue reading
Boyd Group Announces a Bought Deal Financing for Gross Proceeds of Approximately $100 Million CAD
Boyd Group Income Fund, parent company to Glass America, Gerber Collision & Glass and others, has entered into an agreement to raise about $100 million CAD through an offering of units at $42.35 CAD each and the sale of convertible debentures. The Fund intends to use the net proceeds of the offering to repay bank indebtedness under its revolving credit facility as well as to fund acquisitions and for general corporate purposes. Continue reading
Boyd Group 2Q Sales Up 48 Percent
Sales for Boyd Group Income Fund, parent company to Glass America, Gerber Collision & Glass and others, has increased by 48.2 percent to $202.8 million for the second quarter, compared with sales of $136.9 million for the same period last year. Sales were up thanks to the glass business, recent acquisitions and a rise in same-store sales, according to officials. Continue reading
Boyd Group Income Fund Named to the Profit 500 List of Canada’s Fastest-Growing Companies
Boyd Group Income Fund, parent company to Gerber Collision & Glass, Glass America and more, has been ranked 301st in the 26th annual Profit 500 ranking of Canada’s Fastest-Growing Companies by Profit Magazine. Continue reading
Cheskis Anticipates Changes with Acquisition of Netcost
Gerber National Glass Services (GNGS), a third-party automotive glass claims administrator (TPA), might soon move away from its partnership with LYNX Services, which provides call center services. Boyd Group Income Fund is purchasing Netcost Claims Services (NCS)—and bringing with it, a call center—to combine with GNGS, according to Eddie Cheskis, CEO of Glass America, a Boyd Group subsidiary. Continue reading
AGRR Industry Reacts to Boyd Acquiring NCS
The industry showed a mixed response to the news over the weekend that Boyd Group Income Fund, parent company to U.S.-based Gerber Collision & Glass, Glass America and others, is acquiring Schaumburg, Ill.-based Netcost Claims Services (NCS), an automotive glass claims administrator for insurance companies. “Seems to me that companies are doing all they can do grab some market share,” says Mark Liston, president of Glass Doctor. Continue reading
Boyd Group to Acquire NCS
Boyd Group Income Fund, parent company to U.S.-based Gerber Collision & Glass, Glass America, Hansen Collision and Glass among others, is acquiring Schaumburg, Ill.-based Netcost Claims Services (NCS), an automotive glass claims administrator for insurer companies. Continue reading
Boyd Group Reports 41-Percent Growth in Quarterly Sales
Boyd Group Income Fund, parent company to U.S.-based Gerber Collision & Glass, Glass America, Hansen Collision and Glass among others, has reported a 41-percent increase in sales to $183.6 million for the first quarter, compared to sales of $130.6 million in the same quarter of the prior year. The glass business contributed incremental sales of $11.5 million, primarily attributable to the acquisition of Glass America, according to officials. Continue reading
Boyd Group Acquires 25 Collision Centers
Boyd Group Income Fund has signed an agreement to acquire 25 collision repair centers in Illinois, Indiana and Florida under the trade name Collision Revision. The collision centers outsource AGRR services.
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Boyd Group Strikes Agreement with Paint Supplier
Boyd Group Income Fund announced that it has finalized and executed a new definitive agreement with an existing paint supplier. Continue reading
Posted in glassBYTEs Headlines
Tagged AGRR, AGRR magazine, Boyd Group, Boyd Group Income Fund, glassBYTEs.com
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Boyd Group Changes Policy for Election of Trustees, Directors
The Board of Trustees for Boyd Group Income Fund, parent company to Glass America, Gerber Collision & Glass and others, has adopted a Majority Voting Policy in respect to the election of trustees and directors of subsidiaries at its annual General Meeting of Unit Holders.
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Posted in glassBYTEs Headlines
Tagged Boyd Group, Boyd Group Income Fund, Gerber Collision & Glass, Glass America
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Boyd Group Reports 33-Percent Upswing in Annual Sales
Boyd Group Income Fund, parent company to U.S.-based Gerber Collision & Glass, Glass America, Hansen Collision and Glass and others, has reported a 33.1-percent increase in annual sales to $578.3 million from $434.4 million in 2012. Same-store sales grew by 4.1 percent.
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Boyd Group Consolidates U.S. Automotive Retail Glass Under Glass America Brand
Boyd Group Income Fund, parent company to Gerber Collision & Glass, Glass America, Hansen Collision and Glass and others, has consolidated its U.S. automotive glass retail operations under the Glass America brand, according to Eddie Cheskis, CEO of the U.S. glass division.
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Boyd Group Added to the S&P/TSX Canadian Dividend Aristocrats Index
The S&P Dow Jones Canadian Index Services has added the Boyd Group Income Fund to the S&P/TSX Canadian Dividend Aristocrats Index as part of its annual review. The change is effective after the close of trading on Friday, December 20, 2013. Continue reading
Boyd Group Sees 40-Percent Upswing in 3Q U.S. Sales
Boyd Group Income Fund, parent company to U.S.-based Gerber Collision & Glass, Glass America, Hansen Collision and Glass and others, reported that third-quarter sales in the U.S. came in at $129.6 million, up $37.8 million or 41.1 percent, from the same period of 2012. The increase is largely due to acquisitions, including Glass America and Hansen Collision and Glass, according to company officials. Continue reading