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Pick-Your-Part Auto Wrecking Inc &
LKQ Corp
Update Date: 10/21/08
Date Announced: 08/18/08
Value (million $USD): 72.9 million U.S. Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced08/18/08
Date Originally Announced08/18/08
FormatMergerAcquisition techniquesStock Swap
AttitudeFriendlyAgencyUnspecified Regulatory Auth.
Value72.9 million U.S. DollarAdvisor Feesn/a
SYNOPSIS
US - LKQ Corp acquired all the outstanding stock of Pick-Your-Part Auto Wrecking Inc, a wholesaler of used motor vehicle parts, for an estimated $72.9 mil. The transaction had been subject to customary closing conditions.
TARGET
NamePick-Your-Part Auto Wrecking Inc
IndustriesScrap and waste materials; Wrecking and demolition work
CityAnaheim
StateCA
NationUnited States
Incorporated inn/a
Public StatusPrivate
Business DescriptionPick-Your-Part Auto Wrecking Inc, located in Anaheim, California, wholesales used motor vehicle parts. The company also provides wrecking and demolition contractor land clearing services.
AdvisorsSagent Advisors Inc
Target Sales114.1 million U.S. Dollar
ACQUIROR
NameLKQ Corp (LKQX)
IndustriesScrap and waste materials; Automotive parts, supplies; Transportation equipment, except motor vehicles
CityChicago
StateIL
NationUnited States
Incorporated inIL
Public StatusPublic
Business DescriptionLKQ Corp, located in Chicago, Illinois, wholesales recycled OEM automotive parts and assemblies, collision replacement products and refurbished wheels to repair light vehicles, primarily cars and light trucks, in the United States. The company's products include engines, vehicle front end assemblies, doors, transmissions, trunk lids, bumper assemblies, wheels, head and tail lamp assemblies, mirrors, fenders, and axles; and aftermarket products, such as head lamps, tail lamps, grilles, hoods, mirrors, bumpers, bumper covers, and fenders. It was founded in 1998.
AdvisorsNULL
Acquiror Sales1.63 billion U.S. Dollar
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