Boyd Group just closed a $1.3 billion deal to buy Joe Hudson's Collision Center—258 shops across the Southeast—from private equity firm TSG Consumer Partners. The transaction pushes Boyd to exactly 1,301 locations across North America, cementing its position as the industry's second-largest player behind Caliber Collision's 1,800 shops. It's the biggest collision repair acquisition since Crash Champions absorbed Service King for $2 billion in 2022. Days before Boyd's deal closed, The Riverside Company acquired Certified Collision Group from Incline Equity Partners in another private equity handoff signaling relentless capital rotation in the sector.
Boyd Group just closed a $1.3 billion deal to buy Joe Hudson's Collision Center—258 shops across the Southeast—from private equity firm TSG Consumer Partners. The transaction pushes Boyd to exactly 1,301 locations across North America, cementing its position as the industry's second-largest player behind Caliber Collision's 1,800 shops. It's the biggest collision repair acquisition since Crash Champions absorbed Service King for $2 billion in 2022. Days before Boyd's deal closed, The Riverside Company acquired Certified Collision Group from Incline Equity Partners in another private equity handoff signaling relentless capital rotation in the sector.
This isn't a story about one deal. It's about an entire industry being remade by financial engineering. Private equity has poured over $9 billion into collision repair consolidation in recent years. The Big Five consolidators now control 31.7% of industry revenue and 13.3% of shop locations—up from 30% revenue share just six months earlier. Independent shops are dying at 800 per year. Industry experts predict consolidators will control over 50% of the market within a decade, and 2026 is poised to accelerate that timeline: analysts count nine new consolidators entering the market in just the last 30 days, while industry insiders predict Q1 2026 will 'take off like a rocket' as deals that slowed in 2025 close rapidly.
