Business
Boyd Group Services Inc. to Acquire Joe Hudson's Collision Center, A Leading Player in the U.S. Southeast Collision Repair Industry
Boyd Group Services Inc. (TSX: BYD) ("Boyd" or the "Company") is pleased to announce that it has entered into a definitive agreement to acquire Joe Hudson's Collision Center from TSG Consumer Partners LP ("TSG"), expanding the Company's footprint by 258 collision locations across the U.S. Southeast and bringing its total locations to 1,273. In addition, the Company is also announcing its preliminary third quarter 2025 financial results, including positive sales growth and an increase of 21-23% i
About this update from Byd Company Limited Class A
[{"type":"text","content":"Boyd Concurrently Announces Preliminary Q3 2025 Results Including Positive Same-S tore Sales Growth","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"Acquisition Highlights:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Enhances Boyd's Presence in the U.S. Southeast: Joe Hudson's Collision Center ("JHCC") adds 258 collision repair locations to Boyd's platform, establishing a leading position in the growing U.S. Southeast region","length":233,"tagName":"p"}]},{"val":[{"type":"text","content":"Complementary Business Model Expected to Drive Meaningful Synergies: With complementary geographic presence, growth strategies and operational discipline, the acquisition is expected to generate $35-$45 million in annualized run-rate synergies","length":244,"tagName":"p"}]},{"val":[{"type":"text","content":"Established Track Record of Growth and Profitability: JHCC has added 123 locations through acquisitions and 17 locations through new start-ups since the end of 2020 and generated $722 million in sales and 8.7% JHCC Adjusted EBITDA margin for the trailing twelve months ended June 30, 2025 (or 14.4% JHCC Adjusted EBITDA margin with adjustments to JHCC Adjusted EBITDA to approximate IFRS lease accounting treatment for operating lease payments)1","length":446,"tagName":"p"}]},{"val":[{"type":"text","content":"Accretive to Margin and Adjusted Net Earnings per share: The acquisition is expected to be accretive to Boyd's Adjusted EBITDA margin. Additionally, the acquisition is expected to be accretive to Adjusted net earnings per share after synergies in the first full-year, post-close2, as well as double-digit accretive upon full realization of the synergies","length":357,"tagName":"p"}]},{"val":[{"type":"text","content":"Attractive Valuation: The purchase price, net of expected tax benefits, represents a purchase price multiple of 9.3x JHCC Adjusted EBITDA for the trailing twelve months ended June 30, 2025, including run-rate adjustments and synergies3","length":235,"tagName":"p"}]},{"val":[{"type":"text","content":"Prudent Financing Plan: The financing of the acquisition aligns with Boyd's long-standing commitment to strong financial discipline. Boyd has fully committed bridge financing in place and intends to fund the purchase price for the acquisition th...