Chicago, Illinois -- January 7, 2016 -- The Boyd Group has acquired two new collision repair centres in Lafayette, Indiana. The facilities previously operated as Twin City Collision Repair and have served the community for over 24 years.
"We are very pleased to add these thriving centers to our 13 other locations in Indiana," says Tim O'Day, President and COO of the Boyd Group's US operations. "They establish a presence in the central region of the state and are a great start to meeting our goal to grow single locations by six to 10 percent in 2016."
The acquisition follows news from the Boyd Group that it has completed the early redemption and cancellation of unsecured subordinated debentures. These did not fall due until December 31, 2017. In other words, the company paid it off earlier than was strictly necessary. While the Boyd Group has not issued a statement as to why, this could be taken as a suggestion that the company is doing well and has plenty of money coming in.
For more information, please visit boydgroup.com.