An anonymous director reports

BOYD GROUP SERVICES INC. ANNOUNCES US$780 MILLION BOUGHT DEAL INITIAL PUBLIC OFFERING IN THE UNITED STATES

Boyd Group Services Inc. 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., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 5.53 million common shares of Boyd Group Services at a price of $141 (U.S.) per share, for gross proceeds of approximately $780-million (U.S.). The common shares will be offered to the public in Canada and the United States, representing Boyd Group Services' initial public offering in the United States.

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

Boyd Group Services intends to use the net proceeds from the offering to partially finance the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services, the details of which were separately announced today by the company.

The offering is expected to close on or about Nov. 4, 2025, subject to customary closing conditions, including receipt of all necessary approvals of the TSX and the NYSE. The closing of the offering is not conditional on closing of the acquisition. If the acquisition is not completed, Boyd Group Services 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 Boyd Group Services of approximately $117-million (U.S.).

The common shares will be offered and sold in the U.S. pursuant to the company's base shelf prospectus filed as part of a registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission (SEC) on the date hereof, and in each of the provinces of Canada pursuant to the company's short form base shelf prospectus filed on Oct. 14, 2025, with the securities regulatory authorities in each of the provinces of Canada. In connection with the offering, Boyd Group Services has filed a preliminary prospectus supplement to the base shelf prospectus relating to and describing the terms of the offering with the securities regulatory authorities in each of the provinces of Canada. A preliminary prospectus supplement to the base shelf prospectus filed as part of the registration statement relating to and describing the terms of the offering was also filed with the SEC. A final prospectus supplement to the base shelf prospectus will be filed with the securities regulatory authorities in each of the provinces of Canada and with the SEC as part of the registration statement in connection with the offering. The documents filed or to be filed in connection with the offering contain important detailed information about the company and the offering. Prospective investors should read these filings and the documents incorporated by reference therein before making an investment decision.

Delivery of the base shelf prospectus, the final prospectus supplement and any amendments to the documents will be provided in accordance with Canadian securities legislation relating to access equals delivery procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. Copies of the base shelf prospectus and the preliminary prospectus supplement are, and the final prospectus supplement will be (within two business days of the date hereof), accessible on SEDAR+, and copies of the U.S. registration statement, the base shelf prospectus and the preliminary prospectus supplement are available, and the final prospectus supplement will be available, free of charge on EDGAR. Alternatively, an electronic or paper copy of the prospectus supplements, the base shelf prospectus, the registration statement, and any amendment to such documents, may be obtained, without charge, from RBC Dominion Securities Inc., 180 Wellington St. W (eighth floor), Toronto, Ont., M5J 0C2, attention: distribution centre, by e-mail at Distribution.RBCDS@rbccm.com; or CIBC Capital Markets, 161 Bay St. (fifth floor), Toronto, Ont., M5J 2S8, or by telephone at 1-416-956-6378 or by e-mail at mailbox.canadianprospectus@cibc.com; from National Bank Financial Inc., 130 King St. W (fourth floor podium), Toronto, Ont., M5X 1J9, or by telephone at 416-869-8414 or by e-mail at NBF-Syndication@bnc.ca; or TD Securities Inc., 1625 Tech Ave., Mississauga, Ont., L4W 5P5, attention: Symcor NPM, or by telephone at 289-360-2009 or by e-mail at sdcconfirms@td.com, by providing the contact with an e-mail address or address, as applicable.

About Boyd Group Services Inc.

Boyd Group Services is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Boyd Group Services shares trade on the TSXunder the symbol BYD.

About The Boyd Group Inc.

Boyd is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass, and Assured Automotive, as well as in the United States under the trade name Gerber Collision & Glass. In addition, Boyd is a major retail auto glass operator in the U.S., with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. Boyd also operates a third party administrator, Gerber National Claims Services, which offers glass, emergency roadside and first notice of loss services. Boyd also operates a mobile auto solutions (MAS) service that offers scanning and calibration services.

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