The Boyd Group Income FundThe storied history of The Boyd Group begins with the opening of the
first Boyd Autobody collision repair facility in Winnipeg, Manitoba,
Canada on November 1st, 1990. Founder Terry Smith made his vision of
clean, bright, professional, and welcoming autobody shops a reality, and
ensured the company’s focus was squarely on customer service. Guided
by an astute, dedicated group of industry professionals, Boyd began to
flourish. Expansion followed in various cities across western Canada,
and by 1995 Boyd had grown to twelve locations. The Boyd Group became
incorporated in 1997, opening a new chapter in the company’s history.
With a goal of becoming the true leader of the autobody industry in
North America, plans for growth continued.
In 1999, Boyd gained the title of largest collision repair operator in
Canada, and confidently opened the company’s first U.S. locations. In
2004, Boyd expanded its U.S. footprint, acquiring Gerber Collision &
Glass and its sixteen locations. Boyd followed its aggressive growth
strategy by acquiring the Globe Amerada Glass Network in 2005
(re-branded as Gerber National Glass Services), a customer referral
network comprised of 3,000 independently-owned glass repair/replacement
businesses across the U.S. In 2010, Boyd acquired True2Form Collision
Repair Centers, an established chain of 37 locations operating in four
eastern U.S. states. In 2011, Boyd acquired Cars Collision Centers, an
established chain of 28 locations operating in three U.S. states. In
2012, Boyd acquired Master Collision, Pearl Auto Body, The Recovery Room
and Autocrafters. These four multi-shop acquisitions added 39
locations to Boyd’s operations and secured Boyd’s position as the
largest operator of non-franchised collision repair centres in North
America by number of locations. In 2013, Boyd acquired Glass America, a
retail auto glass business with locations across 23 U.S. states, and
Hansen Collision and Glass, a collision repair business with 25
locations operating in western Michigan and Indiana.
After more than 25 years in business, Boyd operates in 5 Canadian provinces and 27 U.S. states, with over 7500 employees at over 600 locations. The company continues to be guided by the principles of customer satisfaction, continuous improvement, and sound financial management. The leadership team of The Boyd Group believes that there is significant opportunity to continue to grow the business and, by extension, grow unitholder value by building on Boyd’s solid foundation.