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M&A Deal Summary

LKQ Acquires Green Bean

On May 25, 2021, LKQ acquired electrical equipment company Green Bean

Acquisition Highlights
  • This is LKQ’s 1st transaction in the Electrical Equipment sector.
  • This is LKQ’s 30th transaction in the United States.
  • This is LKQ’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-05-25
Target Green Bean
Sector Electrical Equipment
Buyer(s) LKQ
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

LKQ

Chicago, Illinois, United States
Category Company
Founded 1998
Sector Automotive
Employees49,000
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 44 of 45
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 39 of 40
State (North Carolina) 1 of 1
Country (United States) 30 of 30
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Greenlight Automotive

Lincoln, Nebraska, United States

Greenlight Automotive provides mobile automotive diagnostic and programming solutions for commercial repair, collision, and sales facilities. Greenlight Automotive is based in Lincoln, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 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.

Sell -
Mergr

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