Boyd Group Services Announces A Bought Deal Offering Of 5.53M Common Shares At $141.00 Per Share, Generating Gross Proceeds Of ~$780M

Boyd Group Services Inc. (TSX:BYD) ("BGSI", or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets, CIBC Capital Markets, National Bank Capital Markets and TD Securities Inc. (collectively, the "underwriters"), pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 5.53 million common shares of BGSI at a price of US$141.00 per share (the "Offering Price"), for gross proceeds of approximately US$780 million (the "Offering"). The common shares will be offered to the public in Canada and the United States, representing BGSI's initial public offering in the United States.

In connection with the initial public offering in the United States, BGSI has been approved to list its common shares on the New York Stock Exchange ("NYSE") under the symbol "BGSI". Trading of BGSI's common shares is expected to commence on the NYSE on October 31, 2025. BGSI's common shares will continue to trade on the Toronto Stock Exchange under the symbol "BYD".

BGSI intends to use the net proceeds from the Offering to partially fund the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services (the "Acquisition"), the details of which were separately announced today by the Company.

The Offering is expected to close on or about November 4, 2025, subject to customary closing conditions, including receipt of all necessary approvals of the Toronto Stock Exchange and the NYSE. The closing of the Offering is not conditional on closing of the Acquisition. If the Acquisition is not completed, BGSI will use the net proceeds from the Offering to reduce its outstanding indebtedness and finance future growth opportunities including acquisitions, or for other general corporate purposes.

Additionally, the Company has granted the underwriters an option to purchase up to an additional 829,800 common shares at the Offering Price, exercisable in whole or in part at any time up to 30 days following the closing of the Offering, for potential additional gross proceeds to BGSI of approximately US$117 million.