Boyd Group Closes Acquisition of Joe Hudson's Collision Center
Boyd Group Services announced the closing of the acquisition of Joe Hudson's Collision Center, the definitive agreement to acquire Joe Hudson's having been previously announced on October 29, 2025. The acquisition adds 258 locations across the U.S. Southeast region, increasing Boyd's North American location footprint by 25% to 1,301. "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. 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," said Brian Kaner, President and CEO of Boyd.
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- Market Share Expansion: Boyd Group's acquisition of Joe Hudson's Collision Center adds 258 locations, increasing its North American footprint by 25%, thereby enhancing the company's competitive edge and profitability in the collision industry.
- Significant Transaction Size: The total consideration for the acquisition is approximately $1.3 billion, funded through an $897 million U.S. equity offering and a C$525 million senior unsecured note issuance, showcasing the company's robust capital market capabilities.
- Operational Synergies: The acquisition is expected to yield meaningful cost synergies, enhancing overall profitability and accelerating the achievement of Boyd's previously announced growth objectives, further solidifying its leadership position in the fragmented North American collision repair market.
- Strategic Integration Plan: Boyd's Project 360 cost transformation initiative has strengthened its operational foundation, and combined with Joe Hudson's strong operational track record, is anticipated to drive future growth and profitability.
- Market Share Increase: Boyd Group has completed the acquisition of Joe Hudson's Collision Center, adding 258 locations and increasing its North American footprint by 25% to 1,301 locations, significantly enhancing its competitive position in the market.
- Profitability Enhancement: The acquisition is expected to improve overall profitability through meaningful cost synergies, further solidifying Boyd's leadership in the highly fragmented North American collision industry.
- Strategic Integration: Joe Hudson's, with its strong operational track record and complementary regional footprint, aligns perfectly with Boyd's growth strategy, which is anticipated to accelerate the achievement of Boyd's long-term growth objectives.
- Optimized Financing Structure: The total consideration for the transaction is approximately $1.3 billion, funded through an $897 million U.S. equity offering and a C$525 million senior unsecured note issuance, optimizing the company's capital structure.

- Acquisition Update: Boyd Group Services Inc. announced that the definitive agreement to acquire Joe Hudson's Collision Center, initially disclosed on October 29, 2025, has met all regulatory requirements, with the closing set for January 9, 2026, which will enhance its competitive position in the North American market.
- Market Expansion: This acquisition is expected to significantly boost Boyd's operational capacity in non-franchised collision repair centers, solidifying its market position in North America and potentially generating synergies that will drive future growth.
- Financial Impact: The acquisition of Joe Hudson's Collision Center is anticipated to provide Boyd with new revenue streams, likely increasing overall sales and enhancing profitability within the automotive repair industry.
- Strategic Integration: Boyd Group plans to integrate the acquired business to improve operational efficiency, with expectations to achieve long-term value creation through optimized resource allocation and enhanced customer service quality.

- Acquisition Update: Boyd Group Services Inc. has confirmed that regulatory requirements have been met and plans to close the acquisition of Joe Hudson's Collision Center on January 9, 2026, marking a significant step in the company's expansion in the North American market.
- Market Position Enhancement: This acquisition is expected to further solidify Boyd's leadership in the North American non-franchised collision repair sector, potentially increasing its service network and customer base.
- Integration Challenges: Despite the anticipated synergies from the acquisition, Boyd faces challenges in integrating the new business, including management time allocation and customer retention issues, which may impact operational efficiency in the short term.
- Financial Risks: The acquisition may necessitate additional debt financing, prompting Boyd to carefully manage financial risks to ensure the achievement of long-term growth and value creation objectives.
- Dividend Announcement: Boyd Group Services Inc. has declared a cash dividend of C$0.156 per common share for Q4 2025, payable on January 28, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Shareholder Registration: The dividend will be paid to common shareholders of record at the close of business on December 31, 2025, ensuring shareholder engagement in the company's financial health.
- Tax Implications: Non-resident shareholders will be subject to withholding taxes on dividends, which may affect their investment returns, highlighting the complexities of managing international shareholders.
- Company Background: Boyd Group is one of the largest operators of non-franchised collision repair centers in North America, with multiple brands and extensive market coverage, underscoring its leadership position in the automotive services industry.






