Announced
Completed
Financials
Tags
Cross Border
Majority
Friendly
Auto Parts
Single Bidder
Acquisition
Canada
industrial coatings
automotive refinishes
Public
Completed
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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