Boyd Group Income Fund Acquires Netcost Claims Services

Date: 3 June 2014
Source: www.boydgroup.com

Date: 3 June 2014

Boyd Group Income Fund (TSX: BYD.UN) ("the Fund," "Boyd" or "the Boyd Group") today announced that Boyd, through a subsidiary, has signed a definitive agreement and concurrently closed the acquisition of Netcost 866netglass LLC, operating as Netcost Claims Services ("NCS").

NCS generated sales of approximately US$25 million in 2013.   

NCS expands Boyd Group's existing third party administration business, Gerber National Glass Services ("GNGS"), that offers first notice of loss, auto glass and related services through its network of auto glass providers across the U.S. Third party administrators ("TPAs") serve the fleet management and insurance-funded segments of the auto glass repair industry by providing a complete outsourced solution from the time that a claim is made. Both NCS and GNGS then manage the claim to ensure that the necessary repairs are completed in a quality manner and at a competitive price. NCS also offers roadside assistance services and has the additional benefit of owning and operating its own call centre.

Read more: http://www.boydgroup.com/Boyd-Income-Fund-News.asp?ReportID=656440

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