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Synopsis
LKQ, an American provider of alternative and speciality parts to repair and accessorize automobiles and other vehicles, completed the acquisition of Uni-Select, a distributor of automotive refinish and industrial paint and related products in North America, for $2.1bn. "The transaction offers compelling value and liquidity to our shareholders and is the culmination of the efforts by our dedicated team to improve our operations and drive efficiencies with a focus on excellent customer service. We see great opportunities to benefit our customers, employees, suppliers and brands by combining our complementary strengths within the larger, multi-disciplinary and growing LKQ team," Brian McManus, Uni-Select Executive Chair and CEO.
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