LKQ Corporation Completes Sale of PGW Vehicle Glass Business enterprise

CHICAGO, April 20, 2022 (Globe NEWSWIRE) — LKQ Corporation (Nasdaq: LKQ) declared that it has accomplished its previously announced agreement to promote PGW Automobile Glass (“PGW”), a distributor of aftermarket glass to the North American automotive sector, to 1 Equity Associates. The sale price tag was $362 million, subject to customary post-closing buy price tag changes.

LKQ will report the fiscal info for the PGW glass distribution business enterprise by means of the April 18, 2022 closing day in the continuing operations area of its monetary statements. PGW created practically $400 million of income and its EBITDA margin was around 10% in 2021.

BofA Securities acted as economical advisor to LKQ Corporation on this transaction.

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a top provider of substitute and specialty sections to repair and accessorize automobiles and other motor vehicles. LKQ has operations in North The usa, Europe and Taiwan. LKQ provides its shoppers a broad array of OE recycled and aftermarket pieces, substitute units, elements, machines, and solutions to fix and decorate cars, vans, and leisure and general performance vehicles.

Forward Seeking Statements

Statements and data in this push launch that are not historical are ahead-hunting statements within just the that means of the Personal Securities Litigation Reform Act of 1995 and are designed pursuant to the “safe harbor” provisions of these Act. Forward-seeking statements consist of, but are not constrained to, statements relating to our outlook, advice, expectations, beliefs, hopes, intentions and techniques. These statements are issue to a number of threats, uncertainties, assumptions and other elements that might trigger our real benefits, functionality or achievements to be materially distinct. All ahead-searching statements are based on details readily available to us at the time the statements are produced. We undertake no obligation to update any forward-looking statements, regardless of whether as a outcome of new data, long term occasions or usually, other than as essential by legislation. You must not area undue reliance on our ahead-looking statements. Actual occasions or success may perhaps vary materially from those expressed or implied in the forward-on the lookout statements. The threats, uncertainties, assumptions and other things that could bring about actual results to differ from the success predicted or implied by our ahead-hunting statements contain the aspects mentioned in our filings with the SEC (which are available on our investor relations web site at lkqcorp.com and on the SEC website at sec.gov), such as those people disclosed underneath the captions “Risk Factors” and “Management’s Dialogue and Examination of Monetary Problem and Effects of Operations” in our Yearly Report on Type 10-K for the 12 months ended December 31, 2021.

Get hold of

Joseph P. Boutross
LKQ Corporation
Vice President, Investor Relations
(312) 621-2793
[email protected]