Boyd Group Income Fund closes acquisition of Assured Automotive Inc.
On July 4, 2017, Boyd Group Income Fund (TSX: BYD.UN) (Boyd) completed its acquisition of the assets and business of Assured Automotive Inc. and related entities (collectively, Assured) for total consideration of $193.6 million, which was satisfied by a cash payment of $146.1 million and the issuance of $47.5 million in units of Boyd.
Boyd was represented externally by Thompson Dorfman Sweatman LLP. Acumen Corporate Development Inc. provided advisory services to Boyd.
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