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Gold/Mining/Energy : The Boyd Group Inc BYD.A -Autobody & Glass
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To: David Michaud who wrote ()2/11/1999 10:30:00 PM
From: David Michaud   of 41
 
The Boyd Group completes purchase of Service Collision Center

Boyd Group Inc (The) BYD.A
Shares issued 6,109,994 Feb 1 close $1.60
Tue 2 Feb 99 News Release
Mr. Terry Smith reports
The Boyd Group Inc., operating principally as Boyd Autobody & Glass, has
completed its previously announced purchase of Service Collision Center,
Inc., which, with four repair facilities trading under the Service Body
Shop name in Wichita, Kan., is the largest collision repairer in its
marketplace.
The total annual revenues of Service's four locations are approximately
$8.3-million (Canadian), which, when combined with existing operations,
increase Boyd's annualized gross revenue to nearly $50-million.
The Boyd Group is aggressively acquiring and opening additional company
owned locations as part of its plan to be a leader in the consolidation of
the highly fragmented North American collision repair industry, recently
estimated to represent approximately $40-billion (Canadian) annually.
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