Last week was a busy week for acquisitions in the aftermarket. The Boyd Group acquired the largest collision repairer in Canada, Uni-Select (parent company of FinishMaster) expanded into the UK with the acquisition of The Parts Alliance, and Carl Icahn announced the acquisition of Precision Auto, adding 250 service, lube and carwash locations to his growing automotive empire.
All of these deals mark significant investments by the acquiring firms, and in some cases, mark a significant a departure from the previous growth strategy of the firm.
Boyd Acquires Assured, the largest non-franchised collision repair operator in Canada
At the beginning of the year I accurately predicted that 2017 would be a year of mega deals and consolidator on consolidator consolidation. Boyd’s management for some months has consistently reiterated that is the company has been well positioned to take advantage of large acquisition opportunities. On Monday last week, The Boyd Group, parent company of Gerber, announced it had entered into an agreement to acquire Assured Automotive Inc., the largest independent non-franchised collision repairer in Canada, and one of the largest in North America by revenues after adjusting for currency translations.
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