Boyd Group Services holder reports 10.77% stake

Canadian asset management affiliates report combined beneficial ownership of about 10.8% of Boyd Group Services Inc. common shares.

Rhea-AI Filing Summary

Boyd Group Services Inc. (BGSI) is the subject of an amended Schedule 13G filing reporting that 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod, a division of Scotia Capital Inc., together beneficially own 2,998,832 common shares, representing 10.77% of the outstanding class.

The filing reports sole voting and sole dispositive power over all 2,998,832 shares, with no shared voting or dispositive power disclosed. The largest position is held by 1832 Asset Management L.P. with 2,926,264 shares, or 10.5% of the class.

Key Figures

Shares beneficially owned in total: 2,998,832 shares Percent of class owned: 10.77% 1832 Asset Management L.P. holdings: 2,926,264 shares +3 more

6 metrics

Shares beneficially owned in total 2,998,832 shares Common shares of Boyd Group Services Inc. reported as beneficially owned by the group

Percent of class owned 10.77% Portion of Boyd Group Services Inc. common share class beneficially owned

1832 Asset Management L.P. holdings 2,926,264 shares Boyd Group Services Inc. common shares with sole voting and dispositive power

1832 Asset Management L.P. percent of class 10.5% Percentage of Boyd Group Services Inc. common shares held by 1832 Asset Management L.P.

MD Financial Management Inc. holdings 42,838 shares Boyd Group Services Inc. common shares with sole voting and dispositive power

Scotia Capital Inc. holdings 29,730 shares Boyd Group Services Inc. common shares with sole voting and dispositive power

Key Terms

Schedule 13G, beneficially owned, Sole Voting Power, Sole Dispositive Power, +1 more

5 terms

Schedule 13G regulatory

"I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 2998832"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 2,926,264.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 2,926,264.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Percent of class financial

"(b) | Percent of class: 10.77 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Boyd Group Services Inc. (BGSI) shares is reported in this Schedule 13G/A?

The reporting entities disclose beneficial ownership of 10.77% of Boyd Group Services Inc.'s common shares, based on 2,998,832 shares reported as beneficially owned in the filing.

How many BGSI shares do the reporting entities collectively own?

The filing states that the reporting entities collectively beneficially own 2,998,832 Boyd Group Services Inc. common shares, with sole voting and sole dispositive power over this entire amount.

Which entity holds the largest BGSI position in this Schedule 13G/A?

1832 Asset Management L.P. holds the largest position, with 2,926,264 Boyd Group Services Inc. common shares, representing 10.5% of the outstanding common share class.

What BGSI share ownership is reported for MD Financial Management Inc.?

MD Financial Management Inc. reports beneficial ownership of 42,838 Boyd Group Services Inc. common shares, representing 0.2% of the common share class, with sole voting and sole dispositive power over these shares.

What BGSI share ownership is reported for Scotia Capital Inc.?

Scotia Capital Inc., through Scotia McLeod, reports beneficial ownership of 29,730 Boyd Group Services Inc. common shares, representing 0.1% of the class, with sole voting and sole dispositive power over these shares.

Do the reporting entities share voting or dispositive power over BGSI shares?

No shared powers are disclosed. The filing reports sole voting power and sole dispositive power over all 2,998,832 Boyd Group Services Inc. shares, and 0 shared voting or shared dispositive power.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 12:25 PM EDT Accepted by SEC EDGAR 09/08/2026 - 12:25 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Boyd Group Services Inc.

(Name of Issuer)

common shares

(Title of Class of Securities)

103310959

(CUSIP Number)

08/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 103310959

1

Names of Reporting Persons

1832 Asset Management L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,926,264.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,926,264.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,926,264.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.5 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 103310959

1

Names of Reporting Persons

MD Financial Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 42,838.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 42,838.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

42,838.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.2 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 103310959

1

Names of Reporting Persons

SCOTIA CAPITAL INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 29,730.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 29,730.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

29,730.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Boyd Group Services Inc.
(b)	Address of issuer's principal executive offices: 1745 ELLICE AVE., UNIT C1, 1745 ELLICE AVE., UNIT C1, WINNIPEG, MANITOBA, CANADA, 00000.
Item 2.
(a)	Name of person filing: 1832 Asset Management L.P. MD Financial Management Inc. Scotia McLeod, a division of Scotia Capital Inc.
(b)	Address or principal business office or, if none, residence: Scotiabank North, 40 Temperance Street, 16th Floor, Toronto, Ontario, M5H 0B4, Canada 1870 Alta Vista Drive, Ottawa, Ontario, K1G 6R7, Canada 40 King St. West, Scotia Plaza, 52nd Floor, Toronto, Ontario, M5W 2X6, Canada
(c)	Citizenship: Canadian Canadian Canadian
(d)	Title of class of securities: common shares
(e)	CUSIP No.: 103310959
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	investment adviser and broker dealer
Item 4.	Ownership
(a)	Amount beneficially owned: 2998832
(b)	Percent of class: 10.77 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2998832
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2998832
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Fund Manager and Portfolio Manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1832 Asset Management L.P.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	09/08/2026

MD Financial Management Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	09/08/2026

SCOTIA CAPITAL INC.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	09/08/2026