Underwriter
Boyd Group Services, Inc.
Equity Capital Markets
U.S. Initial Public Offering
Transaction Details
On October 29, 2025, Boyd Group Services Inc. (TSX: BYD) (“BGSI”, or the “Company”) announced the pricing of its initial public offering in the United States of 5.53 million common shares of BGSI at a price of $141.00 per share
- The Company also granted the underwriters a 30-day option to purchase up to an additional 829,800 shares of its common stock
In connection with the initial public offering in the United States, BGSI has been approved to list its common shares on the New York Stock Exchange ("NYSE") under the symbol "BGSI"
- Trading of BGSI’s common shares is expected to commence on the NYSE on October 31, 2025
- BGSI's common shares will continue to trade on the Toronto Stock Exchange under the symbol "BYD"
BGSI intends to use net proceeds from the offering to partially fund the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services
About the company
Boyd Group Services Inc.
Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD.
The Boyd Group Inc.
The Boyd Group Inc. (“Boyd”) is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive as well as in the U.S. under the trade name Gerber Collision & Glass. In addition, Boyd is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. Boyd also operates a third party administrator, Gerber National Claims Services, that offers glass, emergency roadside and first notice of loss services. Boyd also operates a Mobile Auto Solutions (“MAS”) service that offers scanning and calibration services.
Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/2091467/000119312525256324/d77213df10.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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