Boyd Group continues growth plans
- March 24, 2016
- Posted by: Simon Wait
- Category: Industry News
Canadian-based Boyd Group Income Fund, parent company to Gerber Collision & Glass and Glass America in the US, grew sales by 39.1% to US$757.4m year-on-year in 2015.
On announcing the results, Boyd Group’s CEO, Brock Bulbuck also said that the company will likely double in size over the next five years.
Brock said, ‘Looking forward, we will continue to pursue accretive growth through a combination of organic growth (same-store sales growth) as well as acquisitions and new-store development.
‘Acquisitions will include both single location acquisitions as well as multi-location acquisitions. Combined, we expect this strategy to generate growth sufficient to double the size of our business over the next five years, implying an average annual growth rate of 15%.’
In conjunction with reporting annual results, the company announced it has acquired a multi-store operation in the Portland, Oregon area. The five stores previously operated as J&M Body Shops, with the first location established in 1975 in Oregon City. They now operate under Gerber Collision & Glass.