The Boyd Group Acquires Netcost Claims Services - BodyShop Business

The Boyd Group Acquires Netcost Claims Services

Company says $3 million acquisition will strengthen its third-party glass claim administration business.

Boyd Group Income Fund has announced that it has signed a definitive agreement through a subsidiary and concurrently closed the acquisition of Netcost 866netglass LLC, operating as Netcost Claims Services (NCS). NCS generated sales of approximately $25 million in 2013.

NCS expands Boyd Group’s existing third-party administration business, Gerber National Glass Services (GNGS), that offers first notice of loss, auto glass and related services through its network of auto glass providers across the U.S. Third-party administrators (TPAs) serve the fleet management and insurance-funded segments of the auto glass repair industry by providing a complete outsourced solution from the time that a claim is made. Both NCS and GNGS then manage the claim to ensure that the necessary repairs are completed in a quality manner and at a competitive price. NCS also offers roadside assistance services and has the additional benefit of owning and operating its own call center.

"This is a very important development that will enhance our current glass repair business and enable our U.S. auto glass business to grow its relationship with its fleet management and insurance industry customers," said Brock Bulbuck, president and CEO of the Boyd Group. "The addition of a call center to the GNGS network of 3,000 independently-owned auto repair locations in the U.S. will considerably strengthen our value proposition."

The total purchase price consideration of approximately $3 million, subject to post closing adjustments, will be funded through a combination of available cash and seller financing.


More information:

The Boyd Group

You May Also Like

NABC Donates Recycled Ride to Deserving Las Vegas Family

The NABC, GEICO and Caliber Collision recently donated a refurbished 2019 Toyota Camry to a Las Vegas resident and his adopted family.

The National Auto Body Council NABC), along with GEICO and Caliber Collision, recently donated a refurbished 2019 Toyota Camry to a Las Vegas resident and his adopted family during the pre-race festivities of the Pennzoil 400 at Las Vegas Motor Speedway. The donation was made via the NABC's Recycled Rides program.

Dent Wizard Hires New Senior VP of Strategic Growth & Development

Adrian Gonzalez will be charged with driving growth through mergers and acquisitions.

CCC Report Analyzes Labor Pressures, Vehicle Complexity

Report shows advanced technology is contributing to costlier repairs, higher claims costs and longer cycle times.

Crash Champions Continues Steady Expansion Across Idaho

Crash Champions has announced the acquisition of Hoffman Auto Body in Boise, Idaho.

NABC Donates Recycled Ride to Tucson, Ariz. Family

The NABC, Allstate, Maaco and  Meineke Car Care recently donated a refurbished vehicle to a deserving Tucson, Ariz.-area mom.

Other Posts

ASE Practice Tests Available Online

ASE is encouraging those pursuing certification to take the official practice tests as part of their test preparation process.

Corby’s Collision Center: Since 1942

Bentley (Bud) and Evelyn Corby started Corby’s in a little gas station in Honeoye Falls, N.Y.

CIF Announces Enterprise as Repeat Annual Donor

Enterprise has donated for the fourth consecutive time at the Urgent Care (second highest) tier.

NABC Donates Recycled Ride to Central Georgia Mom

The NAB), GEICO and Five Star Collision Center-Wimbish recently donated a refurbished vehicle to a deserving mother of four.