Boyd Group Services Buying Joe Hudson's Collision Center, List on NYSE

By Stephen Nakrosis

Boyd Group Services will acquire Joe Hudson's Collision Center from TSG Consumer Partners for $1.3 billion.

The company also said on Thursday that in connection with the deal it will list its shares on the New York Stock Exchange under the symbol BYD. The stock is expected to begin trading Oct. 31.

The deal to acquire 258 collision repair shops will boost the company's number of locations to 1,273, and give Boyd a presence the southeastern U.S. Joe Hudson's generated $722 million in sales for the trailing 12-month period that ended June 30.

Boyd said the acquisition deal is expected accretive to adjusted net earnings per share after synergies in the first full year after closing. The acquisition is expected to close in the fourth quarter

In conjunction with the transaction a group of underwriters that includes RBC Capital Markets and TD Securities will acquire 5.53 million shares of Boyd's common stock at $141 each. Boyd will raise about $780 million of gross proceeds from the sale, which it will use to partially fund the acquisition. That offering is expected to close on or about Nov. 4.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

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Boyd Group will list its shares on the New York Stock Exchange under the symbol BGSI. "Boyd Group Services Buying Joe Hudson's Collision Center, List on NYSE," published at 6:38 p.m. ET on Oct. 29, incorrectly said the company will list its shares on the New York Stock Exchange under the symbol BYD. The error also appeared in the headline "Boyd Group Services Inc. Shares to Trade on the NYSE Under the Symbol BYD >BYD," published at 5:13 p.m. on Oct. 29.

(END) Dow Jones Newswires

October 30, 2025 11:45 ET (15:45 GMT)

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