June 4, 2012 -- The Boyd Group Inc. (the "Boyd Group") today announced the launch of a collision repair center in Orlando, Florida which commenced operations on May 30, 2012 as well as the acquisition of another new location in Jessup, Maryland on May 25, 2012. Both repair centers will operate under the Gerber Collision & Glass trade name. This brings the total number of U.S. locations in operation to 141 with two additional locations acquired, soon to be in operation.
The new Orlando repair center, originally acquired on March 22, 2012 and previously known as Leading Edge Collision, is approximately 10,000 square feet in size, with 6,500 square feet of production space. Florida is a market we first entered in January, and this latest center bolsters the number of locations operating in this market to nine locations. Orlando, the fifth largest city in Florida, is an attractive market where we expect to benefit from increased awareness of the Gerber trade name.
The new Jessup repair center, our eighth in Maryland, was previously known as ACI Auto Collision and is approximately 13,000 square feet in size, of which 11,000 square feet is production space. The Jessup center will help to bridge the territory between our Laurel and Dundalk repair centers and better serve vehicle owners and insurance partners in this area.
"With the opening of these two repair centers, we continue to strengthen our presence in Florida and Maryland, and execute our growth strategy in North America," said Tim O'Day, President and COO of the Boyd Group's U.S. operations. "In addition to these two new openings, we recently closed our Redmond, Washington location and opened a new Redmond location with expanded repair capacity to enhance our ability to serve customers in this market."
The Boyd Group is continuously looking to add new collision repair locations to its existing network in Canada and the U.S. Interested collision repair center owners are asked to contact Kim Allen at the contact coordinates below, for more information.
About The Boyd Group Inc.
The Boyd Group Inc. is the largest operator of collision repair centres in North America. The Company operates locations in the four Western Canadian provinces under the trade name Boyd Autobody & Glass, as well as in 14 U.S. states under the trade names Gerber Collision & Glass, True2Form, and Master Collision Repair. The Company also operates Gerber National Glass Services, an auto glass repair and replacement referral business with approximately 3,000 affiliated service providers throughout the United States. For more information on The Boyd Group Inc. or Boyd Group Income Fund, please visit our website at https://www.boydgroup.com.
For further information, please contact:
Brock Bulbuck
President & CEO
Tel: (204) 895-1244
brock.bulbuck@boydgroup.com
Kim Allen
Business Development Manager
Tel: (847) 410-6003
kallen@gerbercollision.com
