Industry & Services >> CEO Interviews >> October 9, 2000

Terry Smith – The Boyd Group Inc (

TERRY SMITH is President and Chief Executive Officer of The Boyd Group Inc. Mr. Smith founded Boyd in 1990 and through his entrepreneurial skills, marketing philosophies and management expertise, is widely credited as the architect of the company's growth and development. In the late 1980s, Mr. Smith believed that the collision-repair industry represented a consolidation opportunity and that it would become increasingly difficult for the smaller operator to keep up with the level of management expertise and technology required to maximize the efficiency and profitability of an auto body business. Mr. Smith formed Cross Canada Collision Centers Limited Partnership to provide a structure whereby investors could contribute capital to acquire auto body shops that were undervalued, underperforming or that had attractive potential. In November 1990, under the direction of Mr. Smith, the Limited Partnership purchased the assets and business of Boyd Autobody, a single location, $500,000 in annual revenue auto body shop in Winnipeg, Manitoba and then embarked upon a plan to build a multi- location collision repair business. In February 1998 Mr. Smith took the business public on the Winnipeg Stock Exchange, establishing The Boyd Group Inc. as the first publicly traded collision-repair business in North America. Mr. Smith has been recognized as Entrepreneur of the Year by Manitoba Business Magazine, Boyd was named the fastest-growing company in Manitoba in 1994, and in 1995, 1996 and 1997 was recognized by the Financial Post and Arthur Andersen as one of Canada's 50 best- managed companies. Profile
TWST: Could we start out with a history and overview of The Boyd Group,


Mr. Smith: The Boyd Group, Inc. owns and operates collision-repair

centers in Canada and the United States. The