Boyd Group Services Inc. Announces Initial Public Offering in the U.S. and Plans Acquisition of Joe Hudson's Collision Center

"Boyd Group Services Inc. (BGSI) has announced a bought deal agreement with underwriters to sell 5.53 million common shares at US$141.00 each, raising approximately US$780 million. This marks BGSI's initial public offering in the U.S., with shares set to trade on the New York Stock Exchange under the symbol "BGSI" starting October 31, 2025. The proceeds will help fund the acquisition of Joe Hudson's Collision Center. The offering is expected to close around November 4, 2025, and includes an option for underwriters to purchase additional shares for up to US$117 million."

In a recent transaction, Latham & Watkins LLP represented the underwriters, which included RBC Capital Markets, CIBC Capital Markets, National Bank Capital Markets, and TD Securities Inc., in a significant offering by Boyd Group Services Inc. (BGSI). Boyd Group Services Inc. has entered into an agreement with a syndicate of underwriters to purchase 5.53 million common shares at a price of US$141.00 per share, resulting in gross proceeds of approximately US$780 million. This offering marks BGSI's initial public offering in the United States, with plans to list its common shares on the New York Stock Exchange under the symbol "BGSI," while continuing to trade on the Toronto Stock Exchange as "BYD." The net proceeds from the offering will be used to partially fund the acquisition of Joe Hudson's Collision Center. The offering is expected to close on or about November 4, 2025, and the underwriters have an option to purchase an additional 829,800 common shares. The legal team from Latham & Watkins LLP involved in this transaction included partners Marc Jaffe and Adam Gelardi, associates Kathleen Mehary and Emma Gilmore, and assistance from Olivia Wagner. Additionally, partner Andrea Ramezan-Jackson provided advice on tax matters, with associate Tessa Young assisting in that area.

Boyd Group Services Inc. Announces Initial Public Offering in the U.S. and Plans Acquisition of Joe Hudson's Collision Center

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