Boyd Group Services Inc. completes bought deal financing totaling over $231 million

Boyd Group Services Inc. has completed a bought deal financing consisting of 1,100,000 shares at a price of $183.00 per share. CIBC Capital Markets, Cormark Securities Inc., Goldman Sachs and National Bank Financial Inc., acting as co-leads and joint bookrunners, led the offering on behalf of a syndicate of underwriters in this transaction. The underwriters exercised their over-allotment option in full, acquiring an additional 165,000 shares, which increased the amount of gross proceeds totaling to $231,495,000.

Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc., one of the largest operators of non-franchised collision repair centres in North America, and its subsidiaries.

Thompson Dorfman Sweatman LLP advised Boyd Group Services Inc. with a team that included Gregory Tallon (corporate), Barry MacTavish (securities), Courtney Weinstein (corporate), Leilani Kagan (tax) and Stéphanie Tétreault (corporate). Peter Toni, Boyd corporate attorney, instructed TDS on this matter.

Miller Thomson LLP advised the underwriters with a team led by Lawrence Wilder (capital markets and securities) and comprised of Tom Koutoulakis, Abid Ahmed and Desmond Christy (capital markets and securities); Ken Rosenstein and Amanda Plastina (financial services) and Ron Choudhury (corporate tax).

Nauth LPC acted as U.S. counsel to the underwriters with a team including Daniel Nauth (capital markets and securities).