Boyd Group Services Inc., parent company of Gerber Collision & Glass, announced Oct. 29 it is acquiring Joe Hudson's Collision Center’s 258 locations from TSG Consumer Partners, partially funded by the launch of a $780 million initial public offering on the New York Stock Exchange, announced the same day.
The deal to acquire Joe Hudson's — the largest in the collision repair industry since Crash Champions merged with Service King in 2022 — will bring Boyd Group’s total footprint in the U.S. to 1,273, still the second-largest behind Caliber Collision’s 1,800 locations.
A mid-year consolidation report by Focus Advisors showed Gerber Collision & Glass’ growth was flat through the first six months of 2025, but Chris Lane, managing partner at Focus, told Autobody News the slowdown would be “short-lived,” noting Gerber’s August purchase of an eight-store MSO in Virginia.
Alabama-based Joe Hudson’s was founded in 1989. It had grown to 23 locations by 2014, when it merged with its first private equity partner, Carousel Capital. TSG Consumer Partners bought the company from Carousel in 2019, at which point there were about 100 Joe Hudson's locations. By the end of 2024, it had reached 250 locations in 18 states through a combination of new development and acquisitions, mostly concentrated in the Southeast. The company added 50 new stores in 2024 alone.
Brian Kaner, president and CEO of Boyd Group, said in a statement the acquisition “marks a significant milestone for Boyd, as we accelerate our growth and solidify our position as one of the leading players in the highly fragmented North American collision industry.”
The U.S. Southeast was identified as a key growth region for Boyd Group, but “in addition to the geographic presence, which is complementary to our existing location footprint, JHCC's growth strategy, operational focus and culture are well aligned with Boyd's, providing us with confidence in our ability to generate meaningful synergies as well as create strong value for our customers, insurance company clients and shareholders as a result of the acquisition," added Kaner.
“Our co-founders, Traweek Dickson and Joe Hudson, built a legacy of high-quality repairs, amazing associate engagement, and best-in-class customer service through three decades of leadership that continues to define JHCC,” said Brant Wilson, CEO at Joe Hudson’s Collision Center, in a statement. “We were proud to build on that foundation with TSG’s support and look forward to our next chapter with Boyd. We are excited by the opportunity to deliver even greater value to our customers and communities within this competitive industry.”
U.S. IPO
Boyd Group went public in Canada in 1998, and is currently listed as BYD on the Toronto Stock Exchange. It will be listed on the NYSE as BGSI.
A syndicate of underwriters, including RBC Capital Markets, CIBC Capital Markets, National Bank Capital Markets and TD Securities Inc., purchased 5.53 million common shares of BGSI for about $780 million. Beginning Oct. 31, those common shares will be offered to the public in Canada and the U.S.
The proceeds are intended to partially fund the acquisition of Joe Hudson's Collision Center. If that deal doesn't close as expected in Q4 2025, Boyd Group will use the proceeds from the offering to pay down debt and finance other growth opportunities, including acquisitions.
The underwriters have the option to purchase up to an additional 829,800 common shares, which would provide Boyd Group another $117 million.
