M&A Deal Summary

LKQ Acquires Uni-Select

On February 27, 2023, LKQ acquired distribution company Uni-Select from Birch Hill Equity Partners for 2.1B USD

Acquisition Highlights
  • This is LKQ’s 20th transaction in the Distribution sector.
  • This is LKQ’s largest (disclosed) transaction.
  • This is LKQ’s 3rd transaction in Canada.
  • This is LKQ’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2023-02-27
Target Uni-Select
Sector Distribution
Buyer(s) LKQ
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) TD Securities (Financial)
Fasken Martineau DuMoulin
Latham & Watkins
Linklaters (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 45 of 45
Sector (Distribution) 20 of 20
Type (Add-on Acquisition) 40 of 40
State (Quebec) 2 of 2
Country (Canada) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS 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 -

Seller(S) 1

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 36 of 38
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 17 of 17
State (Quebec) 2 of 3
Country (Canada) 29 of 31
Year (2023) 1 of 2
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-03 Yorkville University

Toronto, Ontario, Canada

Yorkville University is a provider of post-secondary education. Their programs include Undergraduate, Graduate and Doctorate Degrees offered by Yorkville University and diploma programs offered by the Toronto Film School. Yorkville University was founded in 2003 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal