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, […]
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 […]
No Man Like Amin: Fix Network names Amin Youssef regional v-p of Ontario
Toronto, Ontario — Ontario-based Fix Network facilities take note, as the collision repair consolidator announced on Tuesday that Amin Youssef has joined the company as the new regional vice president for Ontario. Fix says that Youssef will be tasked with representing the repair banner’s brand in Ontario, as part of his new role within the […]
Industry Insider: Building solutions to the supply chain shortage | Dayle Thys of LKQ
Toronto, Ontario — On this episode of Industry Insider, “Building Solutions to the Supply Chain Shortage” Collision Repair’s James Kerr speaks with Dayle Thys, District Manager C3 Western Canada for LKQ. We discuss the struggles shops are facing, and what you can do about it.
