Uni-Select operates over 145 FinishMaster stores in the U.S. and serves Canadian auto and collision repair shops from more than 1,000 independent and 95 company operated stores. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE: UNS) today announced the completion of the previously-announced acquisition of Uni-Select by 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ. In […]
LKQ Corporation Waives UK Merger Clearance Condition for Uni-Select Acquisition
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 […]
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, […]
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 […]
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, […]
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 […]
LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter
Parts and services organic revenue growth was 7.9%. The LKQ Corporation (NASDAQ:LKQ) today reported revenue was $3.3 billion in the first quarter of both 2023, even with the first quarter of 2022. For the first quarter of 2023, parts and services organic revenue increased 7.9%, 7.1% on a per day basis, while the net impact […]
LKQ to Acquire Uni-Select for $2.1 Billion
Acquisition of FinishMaster parent complements North American refinish paint distribution operations and aftermarket automotive parts business. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE:UNS) today announced that they have entered into a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for CA$48.00 ($35.41) per share in cash, representing a total enterprise […]
Uni-Select Inc. Reports 2022 Sales Up 7.4%
Uni-Select Inc. (TSE:UNS) reported consolidated sales of $1,731.4 million in 2022, up $118.6 million or 7.4% compared to 2021. Sales increased by 11.7% excluding the impact of unfavorable fluctuation of the British pound and the Canadian dollar against the US dollar. The company reported organic growth of 10.7% with all three segments reporting positive organic […]
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