Boyd Group Services reported second-quarter revenue exceeding $1 billion for the first time, driven by its Joe Hudson's Collision Center acquisition and operational improvements. Revenue rose 30% year-over-year to $1.013 billion, whilst adjusted EBITDA increased 45% to $135.9 million. Margins expanded 140 basis points to 13.4%. The company completed system conversion across all 258 acquired Joe Hudson locations and raised its 2026 synergy target to $35 million from $20 million. Project 360 savings and Joe Hudson synergies contributed approximately $15 million in the quarter. Same-store sales grew 2.9% despite flat industry repair volumes, whilst the company's footprint expanded 32% year-over-year. CEO Brian Kaner attributed results to market-share gains and accelerated acquisition synergies. Pro forma leverage improved to approximately 2.8 times.

The boyd Group receives regulatory approval for acquisition of Joe Hudson's Collision Center. The company intends to close the deal on January 9, which will add 258 collision repair locations across the U.S. to its network. Boyd Group Services Inc. intends to close the acquisition of Joe Hudson's Collision Center for $1.3 billion on January 9. The definitive agreement was previously announced on October 29, and regulatory requirements have been satisfied. The acquisition will expand the Company's footprint by 258 collision locations across the U.S. Southeast and bring its total locations to 1,273. JHCC was founded in 1989 and has executed a successful long-term growth strategy of new location and same-store sales growth. Since its founding, JHCC has successfully grown its footprint to 258 collision locations across 18 U.S. states through a combination of new development and acquisitions. In addition to its strong top-line growth, JHCC's focus on densifying within the U.S. Southeast, as well as executing solid operational performance, has enabled it to establish a track record of strong profitability.