LKQ - M&A Summary and Business Overview

AutomotiveCompany

LKQ M&A Summary

LKQ has acquired 48 companies, including 4 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 3 assets.

LKQ’s largest acquisition to date was in 2023, when it acquired Uni-Select for $2.1B. It’s largest disclosed sale occurred in 2016, when it sold LKQ - OEM Glass Manufacturing Business to Vitro S.A.B. de C.V. for $310M. LKQ has acquired in 17 different US states, and 6 countries. The Company’s most targeted sectors include automotive (45%) and distribution (45%).

LKQ Business Overview

Where is LKQ headquartered?

LKQ is headquartered in Chicago, Illinois.

What is LKQ’s revenue?

LKQ disclosed revenue of 13,089M USD for 2021 and 11,629M USD for 2020.

How many employees does LKQ have?

LKQ has 46,000 employees.

What sector is LKQ in?

LKQ is an automotive company.

When was LKQ founded?

LKQ was founded in 1998.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity45
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

LKQ

LKQ Corp.

500 West Madison Street, Suite 2800,
Chicago, Illinois 60661
United States,
(312) 621-1950
www.lkqcorp.com

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 also has operations in the United Kingdom, Canada, Mexico, Taiwan, the Netherlands, Belgium, France, Guatemala and Costa Rica. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ was founded in 1998 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 42 - 2 - 1 - 45
vol $3.8B $2.1B $5.9B
Sell (0.2/yr) # 2 - - 1 - - 3
vol $620M $620M
  48

Most Recent M&A

Company Date Value Type
Uni-Select, Inc. 2023-02-27 2.1B USD Add-on Acquisition
Boucherville, Quebec · www.uniselect.com
PGW Auto Glass LLC 2022-03-14 - Divestiture
Cranberry Twp, Pennsylvania · www.buypgwautoglass.com
Green Bean Battery LLC 2021-05-25 - Add-on Acquisition
Raleigh, North Carolina · www.greenbeanbattery.com
Greenlight Automotive 2021-03-16 - Add-on Acquisition
Lincoln, Nebraska · www.greenlightautomotivemobile.com
Elite Electronics 2019-04-01 - Add-on Acquisition
Richardson, Texas · www.elite-dfw.com
Warn Industries, Inc. 2017-10-23 - Divestiture
Clackamas, Oregon · www.warn.com
Pittsburgh Glass Works LLC 2017-03-01 310M USD Divestiture
Pittsburgh, Pennsylvania · www.pgwglass.com
LKQ Corp. - OEM Glass Manufacturing Business 2016-12-19 310M USD Divestiture
Chicago, Illinois
Mekonomen AB 2016-11-28 - Divestiture
Stockholm, Sweden · www.mekonomen.se
Arleigh International Ltd. 2016-08-03 - Add-on Acquisition
Nuneaton, United Kingdom · www.arleigh.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Keystone Automotive Operations, Inc. 2014-01-06 Warn Industries, Inc. - Aftermarket Business 2017-10-23 2
Exeter, Pennsylvania · www.keystoneautomotive.com Clackamas, Oregon
Euro Car Parts Ltd. 2011-10-03 Andrew Page Ltd. 2016-10-04 2
Wembley, United Kingdom · corporate.eurocarparts.com Leeds, United Kingdom · www.andrewpage.com

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 20 (44%) 1.0B (17%) 1 (33%) 310M (50%)
Distribution 20 (44%) 4.9B (83%) 1 (33%) -
Manufacturing 1 (2%) - 1 (33%) 310M (50%)
Chemicals 1 (2%) - - -
Electrical Equipment 1 (2%) - - -
Metals/Mining 1 (2%) - - -
Retail 1 (2%) - - -
Total 45 $5.9B 3 $620M

By Geo

State/Country Buy Value Sell Value
United States 30 2.1B 3 620M
  Illinois 4 - 1 310M
  Pennsylvania 3 1.1B 2 310M
  Ohio 3 30M - -
  California 3 884M - -
  Texas 3 - - -
  New Jersey 2 52M - -
  Indiana 2 - - -
  Oregon 1 - - -
  North Carolina 1 - - -
  Nebraska 1 - - -
  Missouri 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Iowa 1 - - -
  Arizona 1 - - -
  South Carolina 1 - - -
  Rhode Island 1 - - -
Netherlands 6 268M - -
United Kingdom 4 347M - -
Canada 3 2.1B - -
  Quebec 2 2.1B - -
  Ontario 1 - - -
Sweden 1 - - -
Switzerland 1 1.2B - -
Domestic 30 (67%) 2.1B (35%) 3 (100%) 620M (100%)
Cross-border 15 (33%) 3.9B (65%) - -
Total 45 $5.9B 3 $620M

Top M&A Advisors

Financial Deals
BofA Securities
2
Robert W. Baird & Co., Inc.
1
Legal Deals
K&L Gates LLP
1
Slaughter and May
1
Davies Ward Phillips & Vineberg LLP
1

Deal Values

buy # Total
> $1B 2 $3.3B
$100M to $1B 5 $2.5B
< $100M 4 $155M
TOTAL $5.9B
Largest Uni-Select, Inc.
$2.1B (2023-02-27)
sell # Total
$100M to $1B 2 $620M
TOTAL $620M
Largest LKQ Corp. - OEM Glass Manufacturing Business
$310M (2016-12-19)

M&A Connections

Deals
Acquired from
Investor(s)
13%
6 (13%)
Strategic(s)
13%
6 (13%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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