Boyd Group to close $1.3B Joe Hudson acquisition Friday

Boyd Group Services (NYSE:BGSI) announced it has received all necessary regulatory clearances to finalize its acquisition of Joe Hudson’s Collision Center (JHCC), with the transaction scheduled to close on January 9, 2026.

The $1.3 billion deal, originally reached in October 2025, represents the largest consolidation in the North American collision repair industry in over three years.

The acquisition of Alabama-based JHCC from TSG Consumer Partners marks a massive expansion for Boyd, adding 258 repair centers across 18 states.

The move significantly bolsters Boyd’s footprint in the high-growth U.S. Southeast, bringing the company’s total North American network to 1,273 locations.

Management expects the integration to generate between $35 million and $45 million in annualized run-rate synergies by 2028, primarily through procurement savings and improved operational density.

For the 12 months ended June 30, 2025, JHCC reported approximately $722 million in sales and $104 million in adjusted EBITDA.

To fund the purchase, Boyd utilized a mix of revolving credit facilities, proceeds from a recent equity financing, and new senior notes.

While the deal increases Boyd’s leverage, the company has signaled a commitment to return to its target net debt-to-EBITDA ratio of 2.7x by the end of 2027.