FOCUS Investment Banking, a leading advisory and intermediary firm in the automotive services sector, is proud to announce that Concours Collision Centres and its 4 locations have been acquired by The Boyd Group, Inc. Concours represents the first transaction completed by FOCUS Automotive outside the US, and its 3rd transaction completed in the last 30 days.
Concours Collision, one of the premier operators in the Calgary, Alberta market, had been approached by multiple parties over a number of years. Three years ago they selected FOCUS to assist them in preparing for an eventual sale. Rick Thomas, the FOCUS Managing Director who led the transaction, commented “It is always good to see clients have multiple choices when it comes to determining who they are ultimately going to sell their company to – Concours was no exception. The process we ran elevated a higher level of interest from not only suitors we expected, but also surfaced a number of new potential buyers in the market.” FOCUS Managing Director David Roberts stated, “Ultimately Concours decided the fit with The Boyd Group was a terrific opportunity. We are pleased for both parties.”
The Boyd Group Inc. is one of the largest operators of non-franchised collision repair centres in North America. “We are excited to be expanding our presence in the Calgary region, a large market with a population of approximately 1.5 million,” said Eric Danberg, President of the Boyd Autobody & Glass operations. “Our new locations will complement our 5 other centres in the Calgary area and provide us with 16 locations in Alberta to better serve our customers and insurance partners.”
Owners Ken Friesen and Fiona Maxwell were delighted with their new partnership. Ken and his management team will remain to assist in Boyd’s continued expansion. Fiona commented “Although the process of selecting and establishing a partnership isn’t an easy one, it became obvious over time that Boyd was the best choice for us. Thanks to FOCUS, David and Rick for being with us every step of the way and guiding us to a successful transaction.”
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