Company Overview - Boyd Group Services is a leading provider of collision repair and auto glass services across North America, operating under multiple well-known trade names [5] - The company generates revenue primarily from insurance-paid vehicle repairs and auto glass services, leveraging a network of branded service centers and third-party administrator offerings [7] - Revenue for the trailing twelve months (TTM) is reported at $3.10 billion, with a net income of $16.07 million and a dividend yield of 0.3% [4] Recent Investment Activity - On January 16, Louisbourg Investments disclosed a new position in Boyd Group Services, acquiring 46,456 shares valued at approximately $7.27 million during the fourth quarter [2][3] - This new position represents 1.45% of Louisbourg's 13F assets under management at quarter-end [3] Market Performance - As of January 15, shares of Boyd Group Services were priced at $162.66, which is about 17% above their November IPO price of $141 [3][9] - Recent financial results indicate steady revenue growth supported by same-store sales gains and continued expansion of repair locations across North America, despite margin pressures from labor and parts costs [9] Business Model and Market Dynamics - Boyd Group operates a scaled, insurance-driven collision repair platform, where demand is tied to miles driven and accident frequency rather than discretionary spending cycles, providing a defensive backbone even during auto sales slowdowns [6][8] - The company serves both insurance companies and individual vehicle owners, focusing on insurance-driven repair volume [5][7]