Boyd Group Services Inc. Announces US$780 Million Bought Deal Initial Public Offering In The United States

Executive Summary

• Boyd Group Services Inc. announced a bought‑deal IPO of 5.53 million common shares at US$141.00 per share, raising approximately US$780 million.
• The offering includes an underwriter option for up to 829,800 additional shares, potentially adding ~US$117 million in gross proceeds.
• Net proceeds are earmarked primarily for the acquisition of Joe Hudson's Collision Center; if that transaction does not close, funds will be used to reduce debt, fund future acquisitions and other corporate purposes.

Key Details

• Offering Size & Price: 5.53 M shares @ US$141.00 per share → gross proceeds ≈ US$780 M.
• Underwriter Syndicate: RBC Capital Markets, CIBC Capital Markets, National Bank Capital Markets, TD Securities Inc. (lead underwriters).
• Listing: Shares to begin trading on NYSE under “BGSI” on 31 Oct 2025; will continue trading on TSX under “BYD”.
• Closing Date: Expected on or about 4 Nov 2025, subject to customary conditions and regulatory approvals (TSX & NYSE).
• Underwriter Option: Up to 829,800 additional shares at the same price, exercisable up to 30 days post‑closing → potential extra gross proceeds ≈ US$117 M.
• Use of Proceeds: Primarily to partially fund acquisition of Joe Hudson's Collision Center (automotive collision repair services). If acquisition fails, proceeds will be used to:
• Reduce outstanding indebtedness,
• Finance future growth opportunities including other acquisitions,
• General corporate purposes.
• Regulatory Filings: Base shelf prospectus filed on Form F‑10 with the SEC; short‑form base shelf prospectus filed in Canadian provinces (Oct 14 2025). Preliminary and final prospectus supplements to be made available via SEDAR+ and EDGAR within two business days.
• Legal Disclaimer: No securities regulator has approved or disapproved the release; the press release does not constitute an offer or solicitation where unlawful.

Notable Quotes

(No direct CEO/President quotes were included in the release.)