Boyd Group Services Acquires Joe Hudson's Collision Center, Expands North American Footprint

Boyd Group Services Inc. has completed the acquisition of Joe Hudson's Collision Center, adding 258 locations in the US Southeast region and increasing its North American location footprint by 25% to 1,301. The acquisition is expected to support improved profitability through cost synergies and accelerate Boyd's previously announced goals. The total consideration for the transaction is approximately US$1.3 billion, funded through a US$897 million equity offering, a C$525 million private placement of senior unsecured notes, and drawings on the Company's revolving credit facility.