Boyd Group Services Inc. (TSX:BYD) agreed to acquire JHCC Holdings LLC from TSG Consumer Partners, LP for $1.3 billion on October 29, 2025. The transaction has been funded through U.S. equity offering of US$897 million, a private placement of CAD 525 million of senior unsecured notes due 2030 and drawings on the Company's revolving credit facility.
The transaction is subject to approval by regulatory board / committee. The closing of the acquisition is expected to occur in the fourth quarter of 2025. The acquisition is expected to be accretive to Boyd?s Adjusted EBITDA margin. As on January 7, 2026, the transaction has received regulatory approvals and is expected to close on January 9, 2026.
RBC Capital Markets, LLC acted as financial advisor for Boyd Group Services Inc. Massumi + Consoli LLP acted as legal advisor for Boyd Group Services Inc. Jason Rylander, Laura C. Onken, Jeny M. Maier, James K. Hunsberger and John D. Harkrider of Axinn, Veltrop & Harkrider LLP acted as legal advisor for Boyd Group Services Inc. Deidre J. Johnson, Kyle Higley, Megan Bisk, Ropes & Gray LLP acted as legal advisor for TSG Consumer Partners, LP and JHCC Holdings LLC. Fasken Martineau DuMoulin LLP acted as legal advisor for JHCC Holdings LLC. Harris Williams LLC acted as financial advisor for JHCC Holdings LLC. BofA Securities, Inc. acted as financial advisor for JHCC Holdings LLC.
Boyd Group Services Inc. (TSX:BYD) completed the acquisition of JHCC Holdings LLC from TSG Consumer Partners, LP on January 9, 2026.
Boyd Group Services Inc. is a Canadian company that controls the Boyd Group Inc. and its subsidiaries (Boyd). The Company's business consists of the ownership and operation of autobody/auto glass repair facilities and related services. It operates through the automotive collision repair and related services segment. Boyd is an operator of non-franchised collision repair centers 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 United States under the trade name Gerber Collision & Glass. It is also a retail auto glass operator in the United States under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, Boyd operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside and first notice of loss services.
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