Boyd Group Closes True2Form Deal - BodyShop Business

Boyd Group Closes True2Form Deal

Boyd Group Income Fund announced the closing of the acquisition of True2Form Collision Repair Centers, Inc., which was previously announced on June 28. The total consideration for the transaction of approximately $18 million, subject to normal post-closing adjustments, was funded with a combination of cash, U.S. bank debt, third-party financing and a vendor take-back note.

"We are very pleased to have completed the acquisition of True2Form," said Brock Bulbuck, president and CEO of the Boyd Group. "The acquisition is a major strategic move for us in expanding our footprint and continuing our growth plan. We believe that True2Form’s strong management team and industry-leading operational expertise and service levels are an excellent fit with Boyd Group’s existing organization and will further enhance Boyd’s competitive position in the United States."

The True2Form acquisition adds 37 new locations in four U.S. states where the Boyd Group previously had no operations. This significantly expands the Boyd Group’s footprint with a total of 130 repair centers in North America, consisting of 93 centers in 11 U.S. states and 37 centers in the four Western Canadian provinces.

Boyd Group operates locations in the four Western Canadian provinces under the trade name Boyd Autobody & Glass and as Gerber Collision & Glass and True2Form in the U.S.

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.

More information:

The Boyd Group Inc.

You May Also Like

Cruise Postpones Release of Driverless Taxi Service

Cruise, a GM subsidiary, recently announced that it will miss its goal of launching a large-scale self-driving taxi service in 2019.

Cruise, a GM subsidiary, recently announced that it will miss its goal of launching a large-scale self-driving taxi service in 2019. Cruise CEO Dan Ammann said the company plans to dramatically increase the number of its autonomous test vehicles on the road in San Francisco, but will not be offering rides to regular people this year, according to an article from The Verge.

Cutting Edge Automotive Solutions Partners with Andretti Rallycross

Andretti Rallycross announced that Cutting Edge Automotive Solutions will serve as technical partner on Cabot Bigham’s No. 02 OINK Clothing Beetle for the remainder of the 2019 Americas Rallycross season, showcasing their SP Tools USA brand.

Ford, Volkswagen Expand Collaboration to Include Autonomous, Electric Vehicles

Ford Motor Company and Volkswagen AG announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to introduce autonomous vehicle technology in the U.S. and Europe.

CCAR Updates Website with More OSHA Alliance Resources

CCAR (Coordinating Committee For Automotive Repair) has announced the addition of new Occupational Safety and Health Administration (OSHA) Alliance content on its main website,

CARSTAR McLaren Lake Forest and CARSTAR McLaren Irvine Open in California

Owned by husband-and-wife team James and Mary Davis, CARSTAR McLaren Lake Forest and CARSTAR McLaren Irvine are a family business.

Other Posts

CIECA to Offer Webinar on What Businesses Need to Know to Implement CIECA Standards

CIECA will hold its next CIECAst webinar, “Implementing CIECA Standards: Implementation Guide and Appendix C – BMS, Code Lists and Shema Components,” on Tuesday, Dec. 11, 2018 at 11 a.m. CST.

CARSTAR Urges Customers to Stay Winter Ready

Cold weather can create some of the harshest driving conditions of the year. The months between October and February top the list for accidents, vehicle damage and injuries.

CIECA Adds Broadly as Corporate Member

The Collision Industry Electronic Commerce Association (CIECA) announced that Broadly has joined CIECA as a corporate member.

NABR Launches BillableGenie Online Searchable Database of Insurer-Paid Not-Included Procedures

National AutoBody Research (NABR) has announced the launch of its BillableGenie online service, an independent, centralized source of actual data on insurer paid not-included procedures and operations, labor rates, labor rate concessions and other manually entered estimate line items.