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Letter to the Editor
Tuesday March 13
Boyd Group Acquires the Four Car-Tech Collision Facilities in Atlanta, Georgia
Winnipeg, Manitoba -- The Boyd Group has announced that it has purchased the shares of Car-Tech Holdings, Inc., which operates four Car-Tech Collision repair facilities in metro Atlanta, Georgia. The option to purchase a fifth Atlanta facility has also been provided to Boyd.
The purchase price was undisclosed. Revenue from the four Car-Tech facilities is approximately $20 million Cdn for the current year. Boyd now estimates that 63 percent of annualized sales will be derived from U.S. operations. Boyd now operates 60 company-owned locations, and has seven third-party owned licensed locations.
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