LKQ Corporation Acquires Uni-Select Inc.

February 27, 2023

LKQ Corporation has entered into a definitive agreement to acquire all outstanding shares of Uni-Select Inc. for C$48.00 per share in cash, representing an enterprise value of approximately C$2.8 billion (US$2.1 billion). The acquisition is expected to generate about US$55 million of annual run-rate cost synergies by year three and expands LKQ's presence in automotive refinish paint and Canadian mechanical parts distribution; closing is expected in H2 2023 subject to customary approvals.

Buyers
LKQ Corporation
Targets
Uni-Select Inc.
Sellers
Uni-Select shareholders
Industry
Automotive
Location
Quebec, Canada
Transaction Type
Buyout

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