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WINNIPEG, MB, May 13, 2021 /CNW/ - Boyd Group Services
Inc. (TSX: BYD) ("BGSI", "the Boyd Group" or "Boyd") is pleased to
announce the election of Robert
Espey to its Board of Directors at its Annual Meeting and
Special Meeting held on Wednesday, May 12,
2021.
Mr. Robert (Bob) Espey was
appointed President and Chief Executive Officer in 2011 of Parkland
Corporation ("Parkland") and has successfully led the evolution of
Parkland from a regional independent into an international marketer
of fuel, petroleum and convenience products. Mr. Espey has overseen
a number of transformative acquisitions, including of Chevron
Canada's downstream fuel business, the Ultramar business from CST
brands, the expansion of Parkland into the U.S., and in
January 2019 the addition of the Sol
which expands Parkland's operations into the Caribbean region. Mr. Espey holds a Bachelor
of Engineering (Mechanical) from Royal
Military College and a Masters in Business Administration
from the University of Western Ontario.
Mr. Espey serves as Chair of the Board of Directors for the
Canadian Fuels Association and is a member of the Board of
Directors of Parkland Corporation.
"The Board has an ongoing commitment to renewal and to ensuring
the Board has the necessary skills and expertise to support the
growth of Boyd's business. We look forward to welcoming and
working with our new Board member, Bob
Espey," said David (Dave)
Brown, Independent Chair of the Board of Directors.
"On behalf of the Board, I would also like to acknowledge
Allan (Al) Davis' retirement from
the Board of Directors. Al served on the Board of Boyd since 2005
and as Independent Chair since 2011. The Board appreciates
Al's sound business advice, valued counsel and all that he has
contributed to the Board of Directors and to Boyd during the past
16 years," added Mr. Brown.
About Boyd Group Services Inc.
Boyd Group Services
Inc. is a Canadian corporation and controls The Boyd Group Inc. and
its subsidiaries. Boyd Group Services Inc. shares trade on the
Toronto Stock Exchange (TSX) under the symbol BYD.TO. For more
information on The Boyd Group Inc. or Boyd Group Services Inc.,
please visit our website at https://www.boydgroup.com.
About The Boyd Group Inc.
The Boyd Group Inc. (the
"Company") is one of the largest operators of non-franchised
collision repair centers in North
America in terms of number of locations and sales. The
Company operates locations in Canada under the trade names Boyd Autobody
& Glass (https://www.boydautobody.com) and Assured Automotive
(https://www.assuredauto.ca) as well as in the U.S. under the trade
name Gerber Collision & Glass
(https://www.gerbercollision.com). In addition, the Company is a
major retail auto glass operator in the U.S. with operations under
the trade names Gerber Collision & Glass, Glass America, Auto
Glass Service, Auto Glass Authority and Autoglassonly.com. The
Company also operates a third party administrator, Gerber National
Claims Services ("GNCS"), that offers glass, emergency roadside and
first notice of loss services. For more information on The Boyd
Group Inc. or Boyd Group Services Inc., please visit our website at
(http://www.boydgroup.com).
Caution concerning forward-looking
statements
Statements made in this press release,
other than those concerning historical financial information, may
be forward-looking and therefore subject to various risks and
uncertainties. Some forward-looking statements may be identified by
words like "may", "will", "anticipate", "estimate", "expect",
"intend", or "continue" or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on
such statements, as actual results may differ materially from those
expressed or implied in such statements. Factors that could cause
results to vary include, but are not limited to: pandemic risk
& economic downturn; operational performance; acquisition risk;
employee relations and staffing; brand management and reputation;
market environment change; reliance on technology; changes in
client relationships; decline in number of insurance claims; margin
pressure and sales mix changes; environmental, health and safety
risk; climate change and weather conditions; competition; access to
capital; foreign currency risk; dependence on key personnel; tax
position risk; corporate governance; increased government
regulation and tax risk; fluctuations in operating results and
seasonality; risk of litigation; execution on new strategies;
insurance risk; interest rates; U.S. health care costs and workers
compensation claims; low capture rates; supply chain risk; capital
expenditures; and energy costs and the BGSI's success in
anticipating and managing the foregoing risks.
We caution that the foregoing list of factors is not
exhaustive and that when reviewing our forward-looking statements,
investors and others should refer to the "Risk Factors" section of
BGSI's Annual Information Form, the "Risks and Uncertainties" and
other sections of our Management's Discussion and Analysis of
Operating Results and Financial Position and our other periodic
filings with Canadian securities regulatory authorities. All
forward-looking statements presented herein should be considered in
conjunction with such filings.
SOURCE Boyd Group Services Inc.