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LKQ Corporation vend l'activité de PGW Auto Glass à One Equity Partners

Distributeurs

LKQ Corporation a annoncé qu'elle avait conclu un accord définitif pour vendre PGW Auto Glass (" PGW "), un distributeur de verre de rechange pour le secteur automobile nord-américain, à One Equity Partners. La transaction devrait être finalisée au cours du deuxième trimestre de 2022 et est soumise aux conditions de clôture habituelles et aux approbations réglementaires nécessaires.

Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “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.”

LKQ will report the financial information for the PGW glass distribution business through the closing date in the continuing operations section of its financial statements. PGW generated almost $400 million of revenue and its EBITDA margin was approximately 10% in 2021.

BofA Securities is acting as financial advisor to LKQ Corporation on this transaction. Terms of the transaction were not disclosed.

 

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.