M&A Deal Summary

One Equity Partners Acquires PGW Auto Glass

On March 14, 2022, private equity firm One Equity Partners acquired distribution company PGW Auto Glass from LKQ

Acquisition Highlights
  • This is One Equity Partners’ 7th transaction in the Distribution sector.
  • This is One Equity Partners’ 63rd transaction in the United States.
  • This is One Equity Partners’ 6th transaction in Pennsylvania.

M&A Deal Summary

Date 2022-03-14
Target PGW Auto Glass
Sector Distribution
Buyer(s) One Equity Partners
Sellers(s) LKQ
Deal Type Divestiture

Target

PGW Auto Glass

Cranberry Twp, Pennsylvania, United States
PGW Auto Glass is an independent distributor of aftermarket glass for the North American automotive sector. The company utilizes a fleet of 500 customized glass delivery vehicles to distribute windshields, tempered glass, and sundries to over 9,000 installation customers. PGW Auto Glass is based in Cranberry Twp, Pennsylvania.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 105 of 125
Sector (Distribution) 7 of 7
Type (Divestiture) 21 of 28
State (Pennsylvania) 6 of 7
Country (United States) 63 of 71
Year (2022) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-25 Montgomery Transport

Birmingham, Alabama, United States

Montgomery Transport is an over-the-road flatbed transportation and logistics provider. Montgomery Transport is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Rizing

Stamford, Connecticut, United States

Rizing is a global SAP consulting firm with the objective to empower businesses to unlock the intelligent enterprise with SAP cloud technologies, geospatial solutions, and proprietary, cutting-edge products to optimize and extend SAP such as Blueline, Lyra, Codex, Mercury, and Hydrogen. With real-life experience in business areas like enterprise asset management, human capital management, and consumer industries. Rizing is based in Stamford, Connecticut.

Sell -

Seller(S) 1

SELLER

LKQ

Chicago, Illinois, United States

Category Company
Founded 1998
Sector Automotive
Employees49,000
Revenue 12.8B USD (2022)
DESCRIPTION

LKQ is a provider of alternative collision replacement parts and also a provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ was founded in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 3
State (Pennsylvania) 2 of 2
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Green Bean

Raleigh, North Carolina, United States

Green Bean is a hybrid battery reconditioner and installer, which has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life. Green Bean acquires hybrid battery cores from multiple sources, including LKQ, and reconditions them at its state-of-the-art facilities across eight trading zones located throughout the United States. Green Bean was founded in 2015 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Uni-Select

Boucherville, Quebec, Canada

Uni-Select is a North American distributor of replacement parts, equipment, tools, accessories, paint, and related products in the automotive aftermarket. Uni-Select was founded in 1968 and is based in Boucherville, Canada.

Buy $2.1B