The Boyd Group has finally completed its attainment of Master Collision Repair, a bodyworks and auto glass repair company in Florida. The Boyd Group originally announced that it was in the process of adding Master Collision Repair to its assets in December 21 of last year, and the Group announced just this week that it had finished the entire acquisition process, immediately adding the new asset to its cash flow sources. The announcement marks a significant expansion for Boyd’s auto repair services, especially given that it adds no fewer than 8 fresh facilities to its list of service centers in the United States.
The acquisition of the Florida-based auto glass repair and body repair works business was apparently completed for a price of anywhere between $11.5M and $12M. The acting president as well as CEO of the Boyd Group, Brock Bulbuck, spoke of the new asset as an important one in that it was raising Boyd’s flag in the Florida area, where the company had yet to gain significant presence. With the acquisition of MRC, that is now remedied.
The Boyd Group has been steady in its growth for the past few years, and has chosen, unlike another industry giant, Safelite AutoGlass, to focus specifically on collision repair instead of exclusively on auto glass repair. The difference between the two specialisations is fairly clear to those in the trade: for reference, collision repair covers services for repairing or replacing materials or parts of the car that may have sustained damage one way or another, and this includes all parts of the car, from the windows to the tires; auto glass repair, on the other hand, focuses exclusively on damage that has been dealt to the glass parts of a vehicle, which typically means the windows and windshield but may also include, on occasion the headlamps, mirrors (side and rear), and the like.
Boyd started out in 1990 and has since grown to be one of the largest fleet operators in the US, and it runs several brands in both North America and Canada for collision repair. Among these brands under the Group are Boyd Autobody and Glass, Gerber Collision & Glass, and Cars Collision Center. Besides that, it now has the Master Collision Repair brand under its leadership. As for Master Collision Repair, it was previously a family-owned company specializing in both auto glass repair and auto body repair. The local business has had a history spanning at least four decades in the area, giving it a firm and established reputation with the residents. It is also a BBB-accredited business, and one that started from a single family-run store in the Tampa Bay locale.
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