Dominion Lending Centres Clearlease Reports Boyd Group (TSX:BYD.UN) acquires Colorado-based collision repair company
VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports Boyd Group Income Fund (TSX:BYD.UN) has entered into a definitive agreement to acquire Cars Collision Center of Colorado LLC, which owns 28 collision repair shops in the U.S. states of Illinois, Indiana, and Colorado.
The pricetag of the deal, announced Monday, is US$21 million.
The Winnipeg-based auto body repair company said the acquisition is expected to immediately boost earnings, cash flows and distributable cash per unit.
“By our estimates, the acquisition will position Boyd as the largest multi-location collision operator in North America not only in terms of number of locations, but also in terms of annual sales,” president and CEO Brock Bulbuck said in a release before stock markets opened Monday.
“After completing this transaction, Boyd will have a total of 164 collision repair centres across 13 U.S. states and four Canadian provinces. We expect to see substantial benefits from the transaction, including expanded critical mass and presence in one of our key markets, an expanded national footprint which translates into enhanced value to our U.S. insurance company clients, as well as additional synergies.”
The transaction is expected to be completed by July 1, 2011.
Cars is a private company that operates 14 locations in Illinois, eight in northern Indiana, and six shops in Colorado. It generated sales of US$65 million in the 12 months ended April 30.
The Boyd Group is the largest operator of collision repair centres in North America, operating under the trade names Boyd Autobody & Glass, Gerber Collision & Glass and True2Form.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 20, 2011) Dominion Lending Centres Clearlease Reports Boyd Group Income Fund (TSX:BYD.UN) has entered into a definitive agreement to acquire Cars Collision Center of Colorado LLC, which owns 28 collision repair shops in the U.S. states of Illinois, Indiana, and Colorado.
The pricetag of the deal, announced Monday, is US$21 million.
The Winnipeg-based auto body repair company said the acquisition is expected to immediately boost earnings, cash flows and distributable cash per unit.
“By our estimates, the acquisition will position Boyd as the largest multi-location collision operator in North America not only in terms of number of locations, but also in terms of annual sales,” president and CEO Brock Bulbuck said in a release before stock markets opened Monday.
“After completing this transaction, Boyd will have a total of 164 collision repair centres across 13 U.S. states and four Canadian provinces. We expect to see substantial benefits from the transaction, including expanded critical mass and presence in one of our key markets, an expanded national footprint which translates into enhanced value to our U.S. insurance company clients, as well as additional synergies.”
The transaction is expected to be completed by July 1, 2011.
Cars is a private company that operates 14 locations in Illinois, eight in northern Indiana, and six shops in Colorado. It generated sales of US$65 million in the 12 months ended April 30.
The Boyd Group is the largest operator of collision repair centres in North America, operating under the trade names Boyd Autobody & Glass, Gerber Collision & Glass and True2Form.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Boyd Group (TSX:BYD.UN) acquires Colorado-based collision repair company
VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports Boyd Group Income Fund (TSX:BYD.UN) has entered into a definitive agreement to acquire Cars Collision Center of Colorado LLC, which owns 28 collision repair shops in the U.S. states of Illinois, Indiana, and Colorado.
The pricetag of the deal, announced Monday, is US$21 million.
The Winnipeg-based auto body repair company said the acquisition is expected to immediately boost earnings, cash flows and distributable cash per unit.
“By our estimates, the acquisition will position Boyd as the largest multi-location collision operator in North America not only in terms of number of locations, but also in terms of annual sales,” president and CEO Brock Bulbuck said in a release before stock markets opened Monday.
“After completing this transaction, Boyd will have a total of 164 collision repair centres across 13 U.S. states and four Canadian provinces. We expect to see substantial benefits from the transaction, including expanded critical mass and presence in one of our key markets, an expanded national footprint which translates into enhanced value to our U.S. insurance company clients, as well as additional synergies.”
The transaction is expected to be completed by July 1, 2011.
Cars is a private company that operates 14 locations in Illinois, eight in northern Indiana, and six shops in Colorado. It generated sales of US$65 million in the 12 months ended April 30.
The Boyd Group is the largest operator of collision repair centres in North America, operating under the trade names Boyd Autobody & Glass, Gerber Collision & Glass and True2Form.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk