The Price of Doing Business: Uni-select reports net earnings increase of $16.7 million for Q1 2023 “mainly attributed to price increases”
Boucherville, Québec – Uni-select has released its Q1 results for 2023, announcing on Wednesday that the company has increased its net earnings by $16.7 million, which the company “mainly attributes to price increases.” “Uni-Select reported solid first-quarter results with all three business units achieving organic growth, mainly attributable to price increases. We are particularly pleased […]
LKQ to acquire Uni-Select for $2.1 billion
Boucherville, Quebec — LKQ Corporation and Uni-Select have entered a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for $48.00 per share in cash, representing a total value of approximately $2.8 billion. Founded in Boucherville, Québec, Canada in 1968, Uni-Select is a leader in the distribution of automotive refinish and […]
LKQ Delivers the Loot: Company gifts Tropicana, Centennial class with holiday donation
Toronto, Ontario — The students of Tropicana Community Centre’s Pre-Apprenticeship Auto Body and Collision Repair class are having a very happy holiday indeed, thanks to a very generous donation from LKQ Corporation. On top of body panels for Centennial College students to test their skills on, LKQ also supplied OGIO backpacks, vests and top-notch supplies […]
If it Ain’t Broke: LKQ says salvage parts out-performing aftermarket in Q3 earnings report
Toronto, Ontario — LKQ released its third quarter earnings report last Thursday and found that recycled parts are out-performing the aftermarket in revenue. President and CEO Dominick Zarcone believes he knows why. “Salvage parts come from the local markets, right? We buy total loss vehicles locally, we dismantle them locally and then we can distribute […]
Industry Insider: Insights, opportunities and outlooks from LKQ Corporation
Toronto, Ontario — On this episode of Collision Repair‘s Industry Insider, host Allison Rogers sits down with Paul Reichert, senior director of MSO and insurance services (Canada) for LKQ Corporation, to discuss some of the company’s trending insights and outlooks for the future of the collision repair and automotive aftermarkets. Listen to the full 15-minute […]
Green Machine: LKQ acquires EV battery business
Chicago, Illinois — LKQ Corporation is going green with its new announcement that it has gained the business and assets of Green Bean Battery Company. LKQ, a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, has expanded by obtaining the battery company, which focuses on reconditioning and installing hybrid […]
Ecological Eyes: LKQ releases inaugural Sustainability Report
Chicago, Illinois — Yesterday, LKQ Corp. announced the release of its inaugural Sustainability Report outlining the company’s ongoing focus on responsible environmental, social and governance (ESG) practices. “We are excited to release our inaugural Sustainability Report, which signifies our commitment to further enhance our ESG practices across our global operations,” noted Dominick Zarcone, President and […]
