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

Executive Summary

• Boyd Group Services Inc. completed its acquisition of Joe Hudson’s Collision Center, adding 258 locations and increasing its North American footprint to 1,301 sites (+25%).
• The transaction consideration is approximately US $1.3 billion, financed through a US $897 million equity offering, C$525 million senior unsecured notes due 2030, and existing revolving credit facility borrowings.
• Boyd expects the deal to generate meaningful cost synergies, improve profitability, and accelerate achievement of its previously announced growth objectives.

Key Details

• Acquisition Target: Joe Hudson’s Collision Center (previously announced on Oct 29 2025).
• Added Footprint: 258 new locations across the U.S. Southeast region; total North American locations now 1,301.
• Transaction Consideration: Approximately US $1.3 billion, subject to closing and post‑closing adjustments.
• Financing Structure:
• US equity offering – US $897 million (debut U.S. offering).
• Private placement of senior unsecured notes – C$525 million, due 2030.
• Additional funding from Boyd’s revolving credit facility.
• Strategic Rationale: Enhanced regional density and scale to drive cost synergies; supports Boyd’s “Project 360” cost transformation plan and “WOW Operating Way” initiatives.
• Expected Benefits: Improved profitability through synergies, accelerated progress toward growth targets, stronger competitive position in a fragmented market.
• Management Commentary: CEO Brian Kaner highlighted the acquisition as a transformative step, emphasizing operational track record, cultural alignment, and strategic fit with Boyd’s growth strategy.

Notable Quotes

“The closing of the acquisition of Joe Hudson's represents a transformative step for Boyd, further solidifying our position as a leading player in the highly fragmented North American collision industry,” – Brian Kaner, President & CEO, Boyd Group Services Inc.

All forward‑looking statements are subject to risks and uncertainties detailed in Boyd’s filings.