Boyd Group Enters Ontario with Queensway Auto Body Acquisition

WINNIPEG, June 5, 2013 /CNW/ - The Boyd Group Inc. (the "Boyd Group") today announced the acquisition of Kitchener, Ontario-based Queensway Auto Body, Limited ("Queensway").  This represents the first location for the Boyd Group in Ontario, which currently operates 227 collision repair locations across 14 U.S. States and now five Canadian Provinces.

Queensway is one of the largest independently owned, single location collision repair centers in the Kitchener/Waterloo market and has been in operation since the late 1950's. It will continue to operate under its current name for a period of time.

"We have been looking to expand into the Ontario market for some time now and we believe this is the right opportunity," said Eric Danberg, President, Canadian Operations for the Boyd Group. "Not only is this a financially accretive acquisition, but it is also very strategic with a well-established brand, convenient and accessible location and strong reputation.  It is important to us that we enter a new market like Ontario by establishing a solid foothold for further expansion and Queensway accomplishes that objective."

The Boyd Group is continuously looking to add new collision repair locations to its existing network in Canada and the U.S.  Interested collision repair center owners are asked to contact Kim Allen for U.S. inquiries and Eric Danberg for Canadian inquiries at the contact coordinates below for more information.

About The Boyd Group Inc.

The Boyd Group Inc. is the largest operator of collision repair centres in North America. The Company operates locations in five Canadian provinces under the trade name Boyd Autobody & Glass (http://www.boydautobody.com) and Queensway Auto Body, as well as in 14 U.S. states under the trade names Gerber Collision & Glass (http://www.gerbercollision.com), The Recovery Room and Autocrafters. The Company is also a major retail auto glass operator in the U.S. with locations across 28 U.S. states under the trade names Gerber Collision & Glass, Glass America, Auto Glass Services, Auto Glass Authority and S&L Glass.  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 U.S. For more information on The Boyd Group Inc. or Boyd Group Income Fund, please visit our website at http://www.boydgroup.com.

SOURCE: Boyd Group Income Fund

Brock Bulbuck
President & CEO
Tel: [phone]
[email protected]
              
Eric Danberg
President, Canadian Operations
Tel: [phone]
[email protected]

Kim Allen
Business Development Manager
Tel: [phone]
[email protected]