Core Insights - Boyd Group Services Inc. has successfully closed the acquisition of Joe Hudson's Collision Center, adding 258 locations and increasing its North American footprint by 25% to a total of 1,301 locations [1][2][5] - The acquisition is expected to enhance profitability through cost synergies and support Boyd's long-term growth objectives [2][4][10] Company Overview - Boyd Group Services Inc. operates as a major player in the North American collision repair industry, with a significant number of non-franchised collision repair centers [7] - The company operates under various trade names, including Boyd Autobody & Glass, Assured Automotive in Canada, and Gerber Collision & Glass in the U.S. [7] Acquisition Details - The total consideration for the acquisition of Joe Hudson's Collision Center is approximately US$1.3 billion, funded through a combination of equity offerings and debt [5] - The acquisition aligns with Boyd's growth strategy and is expected to strengthen operational excellence and cultural alignment within the organization [2][3] Strategic Initiatives - Boyd's Project 360, a cost transformation plan, has improved the company's operating foundation and profitability, positioning it well for future growth [4] - The expansion of Boyd's operational strategies is anticipated to further densify its market presence and enhance overall performance [4][10]