Winnipeg-based Boyd Group buys Orlando collision repair chain for US$7.3M

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WINNIPEG - The Boyd Group Income Fund (TSX: BYD.UN) is buying 11 collision repair centres in the Orlando, Fla., area in a deal worth about US$7.3 million. Winnipeg-based Boyd Group, the largest operator of collision repair centres in North America, says the cost of the purchase, plus a work-in-progress inventory adjustment, will be funded through a combination of cash, bank debt and third-party financing.

Organizations: Boyd Group Income Fund, TSX

Geographic location: Orlando, WINNIPEG, Orlando, Fla. North America

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