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.
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Joseph P. Boutross
Vice President, Investor Relations