Boyd Group Services Inc. Announces Closing of US$897 Million Bought Deal Initial Public Offering in the United States

Executive Summary

• Boyd Group Services Inc. closed a bought‑deal IPO of 6,361,800 common shares at US $141.00 per share, raising approximately US $897 million in gross proceeds.
• The net proceeds will be used, in part, to fund the acquisition of Joe Hudson's Collision Center, previously announced by the company.
• The offering represents Boyd Group’s first public offering on U.S. exchanges and provides significant capital for growth initiatives.

Key Details

• Offering Size: 6,361,800 common shares issued, including 829,800 shares purchased under the underwriters’ option.
• Price per Share: US $141.00.
• Gross Proceeds: Approximately US $897 million.
• Underwriters' Option: Fully exercised for an additional 829,800 shares.
• Use of Net Proceeds: Primarily to partially fund the acquisition of Joe Hudson's Collision Center (automotive collision repair services).
• Listing Symbols: TSX: BYD; NYSE: BGSI.
• Closing Date: November 4, 2025.

Notable Quotes

(No executive quotes were included in the release.)