Sale to LKQ Corporation
Baird served as the lead financial advisor to Keystone
AboutKeystone Automotive Operations, Inc. (“Keystone”), a portfolio company of Platinum Equity, recently completed its sale to LKQ Corporation (“LKQ”) (NASDAQ: LKQ) for $450 million.
Keystone is a leading distributor and marketer of specialty aftermarket equipment and accessories in North America. Established in 1971, Keystone has over 1,500 employees in 25 locations serving more than 20,000 specialty retailers and equipment installers throughout North America, offering a broad product line of over 300,000 SKUs from over 800 suppliers. Keystone’s product categories include: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories. Keystone is headquartered in Exeter, Pennsylvania.
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed more than 150 acquisitions. Platinum Equity is headquartered in Los Angeles, California.
LKQ Corporation is the largest nationwide provider of alternative collision replacement parts and a leading provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico, Taiwan, the Netherlands, Belgium, France, Guatemala and Costa Rica. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ is headquartered in Chicago, Illinois.
For additional information about this transaction, please contact:
- January 2014
- Keystone Automotive Operations, Inc.
- Target Location
- North America
- Acquiror Location
- North America