North American car repair center operator Boyd Group Services (BGSI.US) applies for an IPO in the United States with plans to raise $780 million.

The Boyd Group Services, a leading operator of collision repair and auto glass service centers in North America, submitted documents to the Securities and Exchange Commission (SEC) on Wednesday, planning to raise up to $780 million through an initial public offering (IPO). The company is currently listed on the Toronto Stock Exchange under the ticker symbol BYD, and based on the planned issuance size, its market value will reach $3.8 billion. As a leader in the North American auto collision repair industry, Boyd Group operates a comprehensive network of repair centers offering collision repair, glass repair, glass replacement, and calibration services, with over 1,000 locations in 34 states in the US and 5 provinces in Canada. The company is currently pursuing the acquisition of the US auto repair chain brand Joe Hudson's Collision Center. Founded in Winnipeg, Canada in 1990, Boyd Group had revenues of $3.1 billion in the 12 months ending June 30, 2025. The company plans to list on the New York Stock Exchange under the ticker symbol BGSI. The joint bookrunners for this IPO are Royal Bank of Canada Capital Markets, CIBC World Markets, National Bank Financial, and TD Securities. The issuance price terms have not been disclosed yet, but the company has started a roadshow and expects to determine the issuance price on October 30, 2025 (Thursday).