LKQ Sells Self-Service Unit to Pacific Avenue Capital for $410M.

LKQ Corporation, a leading distributor of spare parts and car accessories in North America, has agreed to sell its self-service unit to Pacific Avenue Capital for $410 million. The sale is expected to complete by the end of the year. LKQ will continue to operate its other businesses, including sales of brand-new and second-hand car parts, and vehicle repair services. The company's net sales are distributed geographically across the US, Germany, the UK, and other regions.

LOS ANGELES, CALIFORNIA — LKQ Corporation, a leading distributor of spare parts and car accessories in North America, has agreed to sell its self-service unit to Pacific Avenue Capital Partners for $410 million. The transaction is expected to close by the end of 2025 [1].

Pacific Avenue, a Los Angeles-headquartered private equity firm, has a strong track record in corporate carve-outs and complex transactions in the middle market. The acquisition of Pick Your Part (PYP), LKQ's self-service unit, aligns with Pacific Avenue's strategy to support growth and innovation in sustainable automotive recycling [2].

PYP operates 61 self-service salvage yards across the United States, providing customers with affordable used auto parts. The acquisition will allow Pacific Avenue to leverage PYP's established brand and operational efficiency to drive long-term success [2].

LKQ will continue to operate its other businesses, including sales of brand-new and second-hand car parts, and vehicle repair services. The company's net sales are distributed geographically across the US, Germany, the UK, and other regions [3].

The transaction is expected to be completed during the fourth quarter of 2025, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval [1].

References:
[1] https://www.nasdaq.com/press-release/affiliate-pacific-avenue-capital-partners-acquire-pick-your-part-lkq-corporation-2025
[2] https://www.morningstar.com/news/accesswire/1065223msn/affiliate-of-pacific-avenue-capital-partners-to-acquire-pick-your-part-from-lkq-corporation
[3] https://www.marketscreener.com/news/lkq-corporation-agrees-to-sell-its-self-service-segment-ce7c50d9db89f221