The Boyd Group Services Inc. is reporting a modest end to 2025 marked by steady revenue growth and improving margins, following a year shaped in part by a major U.S. acquisition.
The Winnipeg-based company operates one of North America’s largest networks of non-franchised collision repair centres, providing auto body repair and auto glass services through brands including Gerber Collision & Glass in the U.S. and Boyd Autobody & Glass in Canada. Its facilities primarily repair vehicles after collisions, with a significant portion of work tied to insurer referrals.
Sales reached $3.1 billion for the year, up 2.4%, while adjusted EBITDA rose 12.4% to $376.3 million, according to a March 18 press release. Adjusted net earnings increased 28.8% to $62.4 million, and adjusted earnings per share rose 23.0% to $2.78.
CEO Brian Kaner says the company delivered “a strong finish to 2025,” citing “a second consecutive quarter of positive same-store sales growth.”
The results reflect the impact of Boyd’s acquisition of Joe Hudson’s Collision Center, which Kaner says “significantly expanded our U.S. footprint.”
The company states that 119 new locations contributed $94.2 million in incremental revenue during the year. Same-store sales decreased 0.2%, which it attributes in part to fewer operating days.
Kaner also says the industry “provides significant consolidation and scale-driven efficiency opportunities… over the long-term.”
