Forum for the Future: LKQ Industry Client Forum sparks insight among aftermarket professionals
Las Vegas, Nevada — LKQ held the 2024 LKQ Industry Client Forum at the Encore Las Vegas on Tuesday evening, drawing key figures from the collision repair and aftermarket sectors for an exclusive opportunity to reconnect and engage in meaningful industry discussions. John Meyne, president of LKQ North America, and Mark Scafati, vice president of […]
Merging Makeover: LKQ Corporation announces LKQ Refinish division; merges LKQ PBE and FinishMaster
Toronto, Ontario — LKQ Corporation has announced the merging of the LKQ PBE and Finish Master business under one umbrella company called LKQ Refinish. According to a recent press release, “the LKQ Refinish mission is to provide quality products, reliable delivery and a steadfast commitment to our customers.” Moreover, Ed Pietrzak, Vice President, Marketing and […]
Estimating, EV Repair, Profitability and More: CARSTAR Canada hosts spring regional meetings with record attendance
Hamilton, Ontario — CARSTAR Canada recently concluded its spring regional meetings, bringing together its franchise family from across Canada. The event was designed to provide a platform for insightful and productive sessions allowing franchisees to receive valuable training in areas from estimating to EV repair, co-op placement and everything in between. “We experienced the highest […]
A Very Merry Clickmas: CREF selected for LKQ Holiday Vote Fundraiser
Toronto, Ontario — The Collision Repair Education Foundation (CREF) was selected as one of the ten participating charities in the LKQ Cares Holiday Vote Fundraiser for this year. Each of the ten charities will automatically receive $50,000 from the LKQ Community Foundation. However, there is an additional $500,000 available for donation. Until December 8, there […]
Done Deal: LKQ completes acquisition of Uni-Select
Boucherville, Quebec — LKQ Corporation has completed its acquisition of Uni-Select, the company announced Tuesday morning. Consideration for the purchased shares of Uni-Select has been remitted as depositary as part of the deal, and will be paid to former shareholders “as soon as reasonably practicable after the date hereof,” wrote LKQ in a press release. […]
Tuesday Ticker: Tesla Model Y dominates European car sales; U.K. watchdog investigates LKQ, Uni-Select deal
Toronto, Ontario — This week, Tesla marks a milestone with the Model Y while LKQ and Uni-Select reconvene to tackle concerns from the United Kingdom Competition and Market Authority. The Y in Europe The Tesla Model Y was Europe’s best-selling vehicle in the first half of 2023, according to numbers from DataForce. A total of […]
Finish Line in Sight: Uni-Select achieves Investment Canada Act approval in LKQ acquisition process
Toronto, Ontario — Uni-Select announced Thursday its receipt of approval under the Investment Canada Act, moving the company one step closer to closing its acquisition deal with LKQ and its numbered company. “The above-mentioned approval satisfies the closing condition regarding the Investment Canada Act set forth in the arrangement agreement between Uni-Select, LKQ Corporation and […]
A Look at LKQ: Company processed 700k+ vehicles in 2022, sold 13 million parts
Chicago, Illinois — LKQ Corporation released its 2022 Global Sustainability Report this week, in which the aftermarket salvage giant says it processed 770,000 vehicles in 2022, recycling 97 million pounds of aluminum, nearly seven million pounds of copper and more than 123 million pounds of scrap steel. According to data in the Sustainability Report, LKQ […]
Checks and Balances: Uni-Select, LKQ acquisition passes antitrust requirements, awaiting U.K. approval
Boucherville, Québec — Uni-Select and LKQ say they are pleased to announce they have gotten the green light from the Canadian Competition Bureau to go forward with LKQ’s acquisition of Uni-Select, first announced in February. Additionally, the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, meaning that Uni-Select has achieved […]
Clear Consensus: Uni-Select approves plan of arrangement with LKQ
Boucherville, Quebec — Uni-Select shareholders announced that they have approved their company’s plan of arrangement with LKQ and its subsidiary, securing a near-unanimous agreement at Thursday’s special meeting. The arrangement resolution was approved by 98.87 percent of the votes cast by shareholders present virtually or represented by proxy and entitled to vote at the meeting, […]
