BY CRM Staff
Toronto, Ontario -- November 3, 2017 -- Assured Automotive and The Boyd Group have announced the acquisition of a collision repair centre in Toronto, Ontario, previously operated as Birchmount Collision.
The centre marks Assured Automotive's first acquisition since it was purchased by the Boyd Group for $195 million some six months ago. The shop is located on a busy corridor in northeast Toronto and is close to Highway 401, considered to be North America's busiest highway.
"Adding this location demonstrates how our acquisition capabilities have expanded since Assured Automotive has become part of Boyd," said Tim O'Day, President and COO of the Boyd Group. "Like Boyd, Assured has an active acquisition program. With Boyd's resources they will be better positioned to act on opportunities."
"This centre is also well-located within our network of repair centres in the GTA, enabling us to quickly put synergies in place," added Des D'Silva, CEO of Assured. We look forward to meeting new customers and providing another centre to serve our insurance partners."
The Boyd Group Inc, directly and through subsidiaries, is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales.
The bodyshop confirmed to Collision Repair magazine that its previous owner, Wayne Hosaki, had retired.