Boyd Group Services Inc., the Canada-based parent company of Gerber Collision & Glass, announced January 9 that it has completed its acquisition of Joe Hudson's Collision Center, the largest deal in the collision repair industry since Crash Champions merged with Service King in 2022.
The transaction adds 258 collision repair locations across 18 states, primarily in the Southeast, increasing Boyd Group's North American footprint by 25% to 1,301 locations. Boyd remains the second-largest collision repair operator behind Caliber Collision.
"The closing of the acquisition of Joe Hudson's represents a transformative step for Boyd, further solidifying our position as a leading player in the highly fragmented North American collision industry," said Brian Kaner, president and CEO of Boyd Group, in the press release.
$1.3 billion deal closes after regulatory approval
The total consideration was approximately $1.3 billion, funded through a combination of Boyd's debut U.S. equity offering of $897 million, a private placement of C$525 million in senior unsecured notes due 2030, and drawings on the company's revolving credit facility.
Boyd Group first announced the deal on October 29, 2025, the same day it launched an initial public offering on the New York Stock Exchange. The company said January 7 that regulatory requirements had been satisfied, clearing the way for the closing.
Joe Hudson's more than doubled under TSG ownership
Joe Hudson's Collision Center was founded in 1989 in Alabama. It had grown to 23 locations by 2014 when it merged with its first private equity partner, Carousel Capital. TSG Consumer Partners acquired the company from Carousel in 2019, when there were approximately 100 locations. Under TSG's ownership, Joe Hudson's more than doubled its footprint through a combination of acquisitions and new development, adding 50 new stores in 2024 alone.
Kaner said during Boyd's Q3 2025 earnings call that the company had been patient in waiting for the right acquisition. "We've been patient in waiting for the right complementary MSO to come along, one that made sense strategically and financially, and Joe Hudson's checks both boxes," he said.
Southeast expansion expected to drive synergies
The Southeast was identified as a key growth region for Boyd Group. Joe Hudson's has concentrated its growth in states including Texas, Florida, Alabama, and South Carolina, with 85% of its locations in 10 states.
Boyd said the expanded scale, combined with enhanced regional density, is expected to support improved profitability through cost synergies across the combined company. The acquisition is expected to generate $35 million to $45 million in annualized run-rate synergies.
