Boyd Group Income Fund To Acquire Assets Of Recovery Room Of Central Florida, Inc

Boyd Group Income Fund announced that it has signed a definitive agreement to acquire the assets of The Recovery Room of Central Florida, Inc. (TRR), which owns 11 collision repair centers in the Orlando, Florida market under the trade name The Recovery Room Collision Repair. The acquisition is scheduled to close at the end of day, November 16, 2012. The total consideration of approximately USD7.3 million, plus a work-in-progress inventory adjustment will be funded through a combination of cash, bank debt and third-party financing. The Fund will not be issuing any new equity to fund the transaction and therefore, the transaction will not result in equity dilution to unit holders.