Boyd Group closes acquisition of Joe Hudson's Collision

Mr. Brian Kaner reports BOYD GROUP SERVICES INC. COMPLETES ACQUISITION OF JOE HUDSON'S COLLISION CENTER Boyd Group Services Inc. has closed the acquisition of Joe Hudson's Collision Center, the definitive agreement to acquire Joe Hudson's having been previously announced on Oct. 29, 2025. The acquisition adds 258 locations across the United States Southeast region, increasing Boyd's North American location footprint by 25 per cent to 1,301. This expanded scale, combined with enhanced regional density, is expected to support improved profitability through meaningful cost synergies across the combined company while accelerating the achievement of Boyd's previously announced goals. "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," commented Brian Kaner, president and chief executive officer of Boyd. "Joe Hudson's brings a strong operational track record, financially and operationally, disciplined growth, and a complementary regional footprint that aligns perfectly with Boyd's growth strategy and focus on operational excellence." "We are excited to officially welcome the Joe Hudson's team to the Boyd family. Their proven execution discipline and strong cultural alignment will further strengthen the combined organization, and together we are well positioned to build on our long-term track record of growth and profitability," continued Mr. Kaner. "As we look ahead to 2026, the progress we have made through Project 360, our cost transformation plan, has strengthened our operating foundation and profitability. Enhancements to our go-to-market strategy have supported an established pipeline of strategically located start-up locations that will further densify our footprint, while the expansion of our WOW Operating Way has enabled the company to outperform the market. Together with the acquisition of Joe Hudson's, these initiatives position Boyd well to continue to execute on our long-term growth objectives," concluded Mr. Kaner. The total consideration for the transaction is approximately $1.3-billion (U.S.), subject to closing and postclosing adjustments, and was financed through the company's debut United States equity offering of $897-million (U.S.), a private placement of $525-million of senior unsecured notes due 2030 and drawings on the company's revolving credit facility. About Boyd Group Services Inc. Boyd Group Services is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD and on the New York Stock Exchange under the symbol BGSI. About The Boyd Group Inc. The Boyd Group is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive as well as in the U.S. under the trade name Gerber Collision & Glass. In addition, Boyd is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. Boyd also operates a third party administrator, Gerber National Claims Services, that offers glass, emergency roadside and first notice of loss services. Boyd also operates a mobile auto solutions (MAS) service that offers scanning and calibration services. We seek Safe Harbor.