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Monday, 03 December 2012 21:51

Boyd Grows in Florida with 14 New Locations

In early December, the Boyd Group Income Fund announced it had completed the acquisition of three organizations known as Autocrafters, which operates 14 collision and glass repair centers in northern Florida.

Boyd acquired three different companies under the trade names Autocrafters Collision Repair, Walker Collision Repair and S&L Auto Glass, which collectively operate as Autocrafters. The organization serves the Florida markets of Jacksonville, Gainesville and Tallahassee, and generated sales of $32.6 million in 2011.

The $19.5 million transaction, which is the Boyd Group’s fourth multi-location acquisition this year and its third in Florida, was completed Nov. 30. The Boyd Group now operates 37 locations in Florida. At the end of last year, Boyd did not have any shops in Florida.

With the Autocrafters acquisition, the Fund adds 14 new locations to its North American footprint, bringing the total number of locations to 220 across 14 U.S. states and four Canadian provinces.

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