Boyd Group Closes US$1.3 Billion Acquisition of Joe Hudson’s, Expands North American Collision Footprint

Boyd Group Services ( (TSE:BYD) ) has provided an announcement.

Boyd Group Services has completed its previously announced acquisition of Joe Hudson’s Collision Center, adding 258 locations across the U.S. Southeast and expanding its North American network by 25% to 1,301 locations. Management describes the US$1.3 billion deal as transformative, bolstering Boyd’s regional density, supporting cost synergies and profitability, and aligning with its growth strategy alongside its Project 360 cost transformation plan, new start-up pipeline and expanded WOW Operating Way, collectively reinforcing the company’s long-term growth and market leadership in the fragmented collision repair industry; the transaction was funded through a debut U.S. equity offering, a private placement of senior unsecured notes and use of the company’s revolving credit facility.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$275.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.

Spark’s Take on TSE:BYD Stock

According to Spark, TipRanks’ AI Analyst, TSE:BYD is a Neutral.

The overall stock score for Boyd Group Services is primarily influenced by its solid financial performance, particularly in cash flow management and revenue growth. However, the high P/E ratio and low dividend yield suggest valuation concerns, while technical indicators point to neutral momentum. Profitability challenges and high leverage also weigh on the score.

To see Spark’s full report on TSE:BYD stock, click here.

More about Boyd Group Services

Boyd Group Services Inc. is a Canadian corporation that controls The Boyd Group Inc., one of the largest operators of non-franchised collision repair centres in North America by locations and sales. The company operates collision repair centres in Canada under the Boyd Autobody & Glass and Assured Automotive brands, and in the U.S. under the Gerber Collision & Glass name. Boyd is also a major U.S. retail auto glass operator through brands such as Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com, and provides third‑party administration, roadside assistance, first notice of loss services and mobile scanning and calibration through Gerber National Claims Services and Mobile Auto Solutions.

Average Trading Volume: 76,629

Technical Sentiment Signal: Sell

Current Market Cap: C$6.01B

See more insights into BYD stock on TipRanks’ Stock Analysis page.