One Equity Partners to acquire PGW Auto Glass from LKQ for $346m

One Equity Partners, a middle market private equity firm, agreed to acquire PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, from LKQ, a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, for $346m. “This divestiture reinforces our ongoing commitment to review our portfolio of businesses, rationalize our asset base, and divest non-core businesses. We are confident that the PGW management team, in partnership with OEP, will continue to deliver great outcomes for PGW’s customers. We wish them both continued success in the future," Dominick Zarcone, LKQ President and CEO.