#Canada #Winnipeg #Boyd Group #Joe Hudson's #Collision Center

Boyd Group Services Inc. Completes Strategic Acquisition of Joe Hudson's Collision Center

Boyd Group Services Inc. (BGSI), a leading player in the North American collision repair industry, has successfully closed the acquisition of Joe Hudson's Collision Center, significantly strengthening its operational footprint. This strategic move follows the announcement made on October 29, 2025, regarding the definitive agreement for the transaction.

The acquisition adds a remarkable 258 locations across the Southeastern United States to Boyd's existing network, boosting its total number of locations by 25% to 1,301. With this expansion, Boyd Group aims to capitalize on enhanced regional density, which is anticipated to translate into increased profitability through meaningful cost synergies. Brian Kaner, President and CEO of Boyd, highlighted the importance of this acquisition in solidifying the company's already prominent position within the fragmented North American collision industry.

Transformative Impact and Future Goals

"The closing of this acquisition represents a transformative step for Boyd, solidifying our leadership within the collision repair landscape," Kaner stated. He emphasized that Joe Hudson's impressive operational track record and disciplined growth align perfectly with Boyd's strategic vision and commitment to operational excellence.

As part of the integration process, Boyd is eager to welcome the Joe Hudson's team, recognizing their proven execution discipline and cultural alignment. This partnership is expected to enhance Boyd's ability to deliver on its long-term growth targets and operational goals.

Looking ahead, Boyd's focus will be on leveraging Project 360, the company's cost transformation initiative, to further solidify its operational foundation. This includes refining market strategies which have already established a pipeline of strategically located start-up sites, contributing to the densification of their market footprint. In tandem with the implementation of the WOW Operating Way, Boyd is poised to outperform industry competitors, thus creating an optimal environment for sustained growth and profitability.

Financial Aspects of the Acquisition

The total consideration for this transaction amounts to approximately $1.3 billion, which is subject to closing and post-closing adjustments. Funding has been secured through a combination of Boyd's debut U.S. equity offering, amounting to $897 million, and a private placement of CAD 525 million in senior unsecured notes due in 2030, along with drawings from the company's revolving credit facility.

About Boyd Group Services Inc.

Boyd Group Services, based in Canada, oversees The Boyd Group Inc. and its subsidiaries. The company's shares are traded on both the Toronto Stock Exchange under the symbol BYD and the New York Stock Exchange under BGSI.

The Boyd Group Inc. ranks as one of the largest operators of non-franchised collision repair centers in North America, boasting a significant number of locations and sales through various trade names including Boyd Autobody & Glass in Canada and Gerber Collision & Glass in the U.S. Additionally, the company is a leading retail auto glass operator in the U.S. under various brands, including Auto Glass Service and Auto Glass Authority.

With such a robust framework, Boyd Group is strategically positioned to navigate the complexities of the collision repair market effectively. As they integrate Joe Hudson's Collision Centers into their operations, the focus will remain on realizing anticipated benefits and synergies from this acquisition.

Looking Forward

Boyd’s successful acquisition marks a new chapter in its trajectory, and with careful planning and execution, the company is optimistic about reaching its long-term objectives. The integration of Joe Hudson’s operations is not just a business move; it’s a commitment to elevating customer service and operational efficiency in the collision repair industry. As the company strides forward, it embraces opportunities for expansion and consolidation within the competitive landscape of collision repair across North America.