Sale to LKQ Corporation
Baird served as the exclusive financial advisor to the shareholders of Euro Car Parts on this transaction
AboutEuro Car Parts Holding Limited (“ECPH” or the “Company”) has entered into a definitive agreement to be acquired by LKQ Corporation (“LKQ”) (NasdaqGS: LKQX) for an initial purchase price of £225 million (approximately $350 million).
ECPH is the UK’s leading aftermarket distributor of parts for all makes of cars and light commercial vehicles. Founded in 1978 and headquartered in Wembley, London, the Company has over 85 branches across the UK. The Company serves a diverse customer base that includes over 120,000 independent garages, national accounts, bodyshops, retail customers and car owners.
LKQ Corporation is the largest North American provider of aftermarket and recycled collision replacement parts and refurbished collision replacement products such as wheels, bumper covers and lights, and a leading provider of mechanical replacement parts including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ operates more than 430 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.
For additional information about this transaction, please contact:
- October 2011
- Euro Car Parts Limited
- Target Location
- Acquiror Location
- North America