M&A Deal Summary

The Boyd Group Acquires Netcost 866netglass

On May 30, 2014, The Boyd Group acquired insurance company Netcost 866netglass for 3M USD

Acquisition Highlights
  • This is The Boyd Group’s 1st transaction in the Insurance sector.
  • This is The Boyd Group’s 4th largest (disclosed) transaction.
  • This is The Boyd Group’s 3rd transaction in the United States.
  • This is The Boyd Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-05-30
Target Netcost 866netglass
Sector Insurance
Buyer(s) The Boyd Group
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Netcost 866netglass

Schaumburg, Illinois, United States
Netcost Claims Services is a provider of claim handling solutions for insurance and fleet companies.

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Buyer(S) 1

Buyer

The Boyd Group

Winnipeg, Manitoba, Canada

Category Company
Sector Automotive
DESCRIPTION

The Boyd Group Inc. is a operator of collision repair centres in Canada and among the largest in North America. The Company operates locations in the four western Canadian provinces under the trade name Boyd Autobody & Glass, as well as in seven U.S. states under the trade name Gerber Collision & Glass. The Company also operates Gerber National Glass Services, an auto glass repair and replacement referral business with approximately 3,000 affiliated service providers throughout the United States.


DEAL STATS #
Overall 3 of 7
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 3 of 7
State (Illinois) 1 of 1
Country (United States) 3 of 7
Year (2014) 1 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 Master Collision Repair

Tampa, Florida, United States

Master Collision Repair, Inc. is a provider of automotive collision repair services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Collex Collision Experts

Clinton Township, Michigan, United States

Collex Collision Experts, Inc. is a provider of automotive repair services.

Buy $45M