Toronto, Ontario -- The LKQ Corporation is starting the process to explore the potential sale of its specialty segment, the arm of LKQ that distributes aftermarket and specialty parts and accessories for automobiles, trucks, RVs and marine craft.
In a December 4 press release, chief executive Justin Jude described the unit as a strong and established business with a capable team, but said the company is evaluating whether it would achieve greater value outside LKQ.
He called the segment “a leading distributor” and described current conditions as “an attractive environment to assess divestiture options and ensure we maximize the value of this best in class business.”
The specialty review is part of a broader strategy that focuses on fewer business lines and long-term financial discipline.
The move follows the sale of LKQ’s self-service segment earlier this year. In early October 2025 LKQ completed that divestiture for an enterprise value of $410 million. The Self Service unit will now be treated as discontinued operations in the company’s financial reports beginning with the third quarter.
Jude said LKQ will “only pursue a transaction that appropriately reflects our view of the market value of the business.” He added that any proceeds would be handled under the company’s capital approach, which includes maintaining a strong balance sheet and returning value to shareholders.
Bank of America has been hired as adviser and Wachtell Lipton Rosen and Katz as legal counsel. LKQ provided no timeline and cautioned that the process may not result in a sale.
