August 1 targeted completion date for acquisition. Uni-Select Inc. (TSE:UNS) announced today that LKQ Corporation (NASDAQ:LKQ) has elected to formally waive the closing condition relating to the receipt of UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also stated in its second quarter earnings announcement today that […]
LKQ Reports Revenue of $3.4 Billion in Second Quarter
Revenue was up 3.2% compared to last year and 5.4% on per-day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2023 was $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022. For the second quarter of 2023, parts and services organic revenue increased […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
LKQ Europe Acquires Commercial Parts Distributor in UK and Ireland
Marks entry into European aftermarket truck parts business. LKQ Europe has entered the truck parts business with the acquisition of Digraph, the UK’s leading independent aftermarket commercial parts distributor specializing in heavy goods vehicle (HGV), coach and bus parts. Following the transaction, Digraph will be integrated into the LKQ UK and Ireland group, alongside LKQ […]
Uni-Select Receives Investment Canada Act Approval for its Acquisition by LKQ
Uni-Select Inc. (TSE:UNS) announced the receipt of the required approval under the Investment Canada Act in connection with its acquisition by LKQ Corporation (NASDAQ:LKQ). The previously announced plan under the provisions of the Québec Business Corporations Act involves Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In February, LKQ and […]
LKQ Publishes 2022 Global Sustainability Report
LKQ Corporation (NASDAQ:LKQ) announced the release of its 2022 Global Sustainability Report, highlighting accomplishments across environmental, employee engagement and diversity, safety and operations. “As the largest vehicle recycler in the world, sustainability is core to our business and our success,” said Dominick Zarcone, President and Chief Executive Officer. “Our strong environmental stewardship complements our commitment […]
Uni-Select Obtains Antitrust Clearance in U.S. and Canada for its Acquisition by LKQ
Uni-Select Inc. (TSE:UNS) announced that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In addition, […]
LKQ Senior Vice President of Human Resources Dombrowski Honored with Diversity Award
LKQ Corporation announced that Genevieve L. Dombrowski, Senior Vice President of Human Resources, was recently honored at MOVES Magazine Annual Diversity Awards Event. Ms. Dombrowski was recognized for her outstanding work in the Diversity, Equity, and Inclusion (DEI) space, which has positively impacted LKQ employees and the broader community. Ms. Dombrowski was joined by other […]
Uni-Select Reports First Quarter Sales Up Almost 10%
FinishMaster US segment was up 6.7%. Uni-Select Inc. today reported consolidated sales increased by $39.9 million or 9.7% to $449.5 million in the first quarter ended March 31. Excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar of $21.6 million or 5.3%, consolidated sales increased by […]
Uni-Select Shareholders Approve Acquisition by LKQ
Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, announced that its shareholders have approved the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving Uni-Select, LKQ Corporation and 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ Corporation. In February, LKQ and Uni-Select announced that they have entered into a definitive […]
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