M&A Deal Summary

LKQ Acquires Warn Industries

On October 23, 2017, LKQ acquired automotive company Warn Industries from Dover

Acquisition Highlights
  • This is LKQ’s 18th transaction in the Automotive sector.
  • This is LKQ’s 27th transaction in the United States.
  • This is LKQ’s 1st transaction in Oregon.

M&A Deal Summary

Date 2017-10-23
Target Warn Industries
Sector Automotive
Buyer(s) LKQ
Sellers(s) Dover
Deal Type Divestiture

Target

Warn Industries

Clackamas, Oregon, United States
Warn Industries, Inc. is a designer, manufacturer and marketer of high performance vehicle equipment and accessories for light trucks, four-wheel drive recreational vehicles, and all-terrain vehicles.

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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 41 of 45
Sector (Automotive) 18 of 20
Type (Divestiture) 5 of 5
State (Oregon) 1 of 1
Country (United States) 27 of 30
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Elite Electronics

Richardson, Texas, United States

Elite Electronics specializes in various automotive diagnostic and repair services. Elite Electronics’ technical solutions are both mobile and on-site and are provided to automotive collision and mechanical repair facilities that are facing the rapidly expanding vehicle diagnostics and calibration marketplace.

Buy -

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 27 of 28
Sector (Automotive) 2 of 2
Type (Divestiture) 23 of 24
State (Oregon) 1 of 1
Country (United States) 22 of 23
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Caldera Graphics SAS

Strasbourg, France

Caldera Graphics SAS is a software company, that develops, markets and supports high-quality technical software for the digital printing industry, with a commitment to increasing productivity, cost-efficiency and color output. Caldera's unique capabilities and solutions around image processing, color management and workflow serve the global textile and graphics markets. Caldera Graphics SAS was established in 1994 and is headquartered in Strasbourg, France.

Buy €35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Belanger

Northville, Michigan, United States

Belanger, Inc. is a full-line car wash equipment manufacturer whose offerings maximize wash bay Profit-Per-Foot℠. Belanger car wash equipment features low maintenance requirements, exceptional cleaning performance, and high revenue potential. Belanger, Inc. was founded in 1969 and is based in Northville, Michigan.

Buy -