Boyd Group Acquires U.S. Auto Glass Company with 61 Locations - BodyShop Business

Boyd Group Acquires U.S. Auto Glass Company with 61 Locations

Purchase of Glass America Inc. positions Boyd as second largest retail auto glass business in country.

The Boyd Group (Gerber Collision & Glass) announced that it has effectively acquired a majority ownership and controlling interest in the retail auto glass business of Glass America Inc., which operates 61 retail auto glass locations across 23 U.S. states under the trade names of Glass America and Auto Glass Services.

"This acquisition is very attractive from both a strategic and a financial point of view," said Brock Bulbuck, president and CEO of the Boyd Group. "The automotive glass restoration business is a natural and complementary extension of our industry-leading collision repair business. This acquisition will increase our U.S. glass business size, both in terms of footprint and annual sales, to become the second largest retail auto glass business in the U.S., servicing 28 states covering approximately 50 percent of the U.S. population. This retail expansion, in combination with our already established nationwide auto glass network, Gerber National Glass Services, significantly improves our positioning with U.S. insurance company customers. Financially, we expect this acquisition to be immediately accretive to our earnings and cash flow, with significant synergy opportunities available over time as the Glass America operations are integrated into Gerber Glass’s operating model. It will also better position our glass business for growth alongside our growing collision business.

"We are also pleased with our continuing partnership with our operating partner, Eddie Cheskis, CEO of Gerber Glass, who will co-invest with us and will continue as CEO of our much larger U.S. glass business. While complementary to our collision business, we also recognize that the auto glass business is somewhat unique and therefore having a recognized industry leader as an operating partner is of great value."

Added John Teeger, chairman of Glass America Inc., "Glass America and its investors will benefit from the transaction by ownership in the second largest windshield repair and replacement entity in the United States and participating in the considerable expected revenue and cost synergy benefits arising from joining with Gerber Glass. Our customers and employees will benefit from the combined regional spread of operations covering a majority of the states of the U.S., coupled with utilization of the Gerber Glass call center and the financial strength of the combined entity."

Glass America operates 61 auto glass centers in 23 states and had 2012 revenues of $43 million. Gerber Glass operates exclusively under a fully mobile retail glass service model in 12 states and, in combination with its Gerber National Glass Services network, had revenues of $19 million in 2012. The Boyd Group believes that, in addition to operational synergies, there are opportunities to grow sales through a combination of same-store sales growth, acquisition growth and market expansion, concurrent with the Boyd Group’s U.S. collision growth.


More information:

Gerber Collision & Glass

You May Also Like

CIF Announces LKQ Corp. as Repeat Annual Donor

LKQ Corp. committed again to the CIF Annual Donor Program, marking their third consecutive donation at the First Responder tier.

The Collision Industry Foundation (CIF) announced that LKQ Corp. committed again to the CIF Annual Donor Program. This marks the third consecutive donation at the First Responder (highest) tier.

Introduced in 2021, the Annual Donor Program was designed to bring needed recurring resources to the foundation so it can deliver on its mission to "answer the call" when those in the industry have been impacted by catastrophic events such as wildfires, hurricanes, flooding or COVID.

Car ADAS Adds Integrations and Support Manager

In his new role, Nate Thomsen will help open new calibration centers and support licensees to ensure their success.

Wren’s Collision Centers Opens 14th Location in Georgia

Wren’s Collision Centers announced the grand opening of its 14th location in the historic district of Roswell, Ga.

Classic Collision Adds Three New Locations in Southeast Florida

Classic Collision has acquired Empire Auto Body in Pompano Beach, Factory Certified Collision in Oakland Park and Southeast Collision Center in Boca Raton, Fla.

McBride Auto Body: Established in 1937

Joseph Carioti immigrated from Italy to the U.S. in 1910 and founded McBride Auto Body in 1937.

Other Posts

Events of the Week

Recent event announcements on bodyshopbusiness.com.

People on the Move

Recent personnel news that has appeared on bodyshopbusiness.com.

Top 5 Stories of the Week

A recap of the top five stories on bodyshopbusiness.com during the week of Feb. 12.

ASA Calls on Oklahoma Legislature to Oppose S.B. 1853

ASA says the legislation would make it harder for auto repair businesses to return a vehicle to safe operating condition by imposing a litany of price mandates and other unfair rules.