04:41 PM EDT, 10/29/2025 (MT Newswires) -- Boyd Group Services ( BYDGF ) said after trade Wednesday said agreed to sell a syndicate of underwriters 5.53-million shares at a price of US$141.00 per share, for gross proceeds of US$780 million from the bought-deal offering.

A statement noted the shares will be offered to the public in Canada and the United States, representing Boyd's initial public offering in the United States.

Separately, the autobody company entered into a definitive agreement to acquire Joe Hudson's Collision Center from TSG Consumer Partners, for US$1.3 billion, expanding the company's footprint by 258 collision locations across the U.S. Southeast and bringing its total locations to 1,273.

Boyd has fully committed bridge financing in place and intends to finance the acquisition through a combination of drawings on its revolving credit facilities, proceeds from a concurrently announced equity financing and new senior notes.

In addition, the company also announced its preliminary third quarter 2025 financial results, including positive sales growth and an increase of 21-23% in Adjusted EBITDA compared to the third quarter of 2024.

Boyd shares closed down $6.28 to $207.83 on the Toronto Stock Exchange.