The storied history of the Boyd Group begins with the opening of the first Boyd Autobody collision repair facility in Winnipeg, Manitoba, Canada on November 1st, 1990. Founder Terry Smith made his vision of clean, bright, professional, and welcoming autobody shops a reality, and ensured the company’s focus was squarely on customer service. Guided by an astute, dedicated group of industry professionals, Boyd began to flourish. Expansion followed in various cities across western Canada, and by 1995 Boyd had grown to twelve locations. The Boyd Group became incorporated in 1997, opening a new chapter in the company’s history. With a goal of becoming the true leader of the autobody industry in North America, plans for growth continued.
In 1999, Boyd gained the title of largest collision repair operator in Canada, and confidently opened the company’s first U.S. locations. In 2004, Boyd expanded its U.S. footprint, acquiring Gerber Collision & Glass and its sixteen locations, which was followed by several other multi-shop acquisitions in subsequent years. Boyd also pursued growth of its auto glass business by acquiring Glass America in 2013, which significantly expanded Boyd’s auto glass business in the U.S.
Boyd continues to pursue accretive growth through a combination of organic growth as well as acquisitions and new store development. Acquisitions will continue to include both single-location acquisitions as well as multi-location acquisitions. Through organic growth, acquisitions and new store development, Boyd expects to generate growth sufficient to double the size of its business (measured against its 2019 revenue on a constant currency basis) over the five year period from 2021-2025, implying a compound annual growth rate of 15%.
After over 30 years in business, Boyd operates in Canada and the U.S., with more than 10,000 employees at over 800 locations. The company continues to be guided by the principles of customer satisfaction, continuous improvement, and sound financial management. The leadership team of the Boyd Group believes that there is a significant opportunity to continue to grow the business and enhance shareholders’ value.