LKQ Corporation Completes the Sale of its Self Service Segment
LKQ Corporation (Nasdaq: LKQ) has completed the sale of its Self Service segment ("Pick Your Part") to Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million. The transaction aligns with LKQ's strategic goals of portfolio simplification and cost reduction.
The proceeds will be used to strengthen the company's balance sheet through debt repayment. The Self Service segment will be reported as discontinued operations in consolidated financial statements starting with Q3 2025 earnings release on October 30, 2025.
LKQ Corporation (Nasdaq: LKQ) ha completato la cessione del segmento Self Service ("Pick Your Part") a Pacific Avenue Capital Partners, LLC per un valore d'impresa di 410 milioni di dollari. L'operazione è in linea con gli obiettivi strategici di LKQ di semplificazione del portafoglio e riduzione dei costi. Gli incassi saranno impiegati per rafforzare il bilancio aziendale mediante il rimborso del debito. Il segmento Self Service sarà riportato come operazioni discontinue nei bilanci consolidati a partire dal risultato del terzo trimestre 2025 pubblicato il 30 ottobre 2025.
LKQ Corporation (Nasdaq: LKQ) ha completado la venta de su segmento Self Service ("Pick Your Part") a Pacific Avenue Capital Partners, LLC por un valor de empresa de 410 millones de dólares. La operación se alinea con los objetivos estratégicos de LKQ de simplificación de la cartera y reducción de costos. Los ingresos se utilizarán para fortalecer la posición financiera de la empresa mediante el pago de la deuda. El segmento Self Service se reportará como operaciones discontinuas en los estados financieros consolidados a partir de la publicación de resultados del tercer trimestre de 2025 el 30 de octubre de 2025.
LKQ Corporation (Nasdaq: LKQ)은 Self Service 부문("Pick Your Part")을 Pacific Avenue Capital Partners, LLC에 기업가치 4억 1천만 달러로 매각하는 거래를 완료했습니다. 이 거래는 포트폴리오 간소화 및 비용 절감이라는 LKQ의 전략적 목표와 부합합니다. 매각 대금은 부채 상환을 통해 회사의 재무 상태를 강화하는 데 사용될 것입니다. Self Service 부문은 2025년 10월 30일 발표되는 2025년 3분기 실적부터 연결재무제표에서 중단영업으로 보고될 예정입니다.
LKQ Corporation (Nasdaq: LKQ) a finalisé la vente de son segment Self Service ("Pick Your Part") à Pacific Avenue Capital Partners, LLC pour une valeur d’entreprise de 410 millions de dollars. La transaction est conforme aux objectifs stratégiques de LKQ en matière de simplification du portefeuille et de réduction des coûts. Le produit de la vente sera utilisé pour renforcer le bilan de l’entreprise par le remboursement de la dette. Le segment Self Service sera classé comme opérations abandonnées dans les états financiers consolidés à partir du résultat du troisième trimestre 2025 publié le 30 octobre 2025.
LKQ Corporation (Nasdaq: LKQ) hat den Verkauf seines Self-Service-Segments ("Pick Your Part") an Pacific Avenue Capital Partners, LLC für einen Unternehmenswert von 410 Millionen US-Dollar abgeschlossen. Die Transaktion entspricht den strategischen Zielen von LKQ, das Portfolio zu straffen und Kosten zu senken. Die Erlöse werden eingesetzt, um die Bilanz des Unternehmens durch Schuldentilgung zu stärken. Das Self-Service-Segment wird in den konsolidierten Abschlüssen ab dem Quartalsbericht 3/2025 am 30. Oktober 2025 als stillgelegte Operationen ausgewiesen.
LKQ Corporation (بورصة ناسداك: LKQ) أكملت بيع قطاع الخدمة الذاتية («Pick Your Part») لشركة Pacific Avenue Capital Partners, LLC مقابل قيمة منشأة تبلغ 410 ملايين دولار. تتماشى الصفقة مع الأهداف الإستراتيجية لـ LKQ في تبسيط المحفظة وخفض التكاليف. ستُستخدم عائدات البيع لتعزيز ميزان الشركة من خلال سداد الديون. وسيتم اعتبار قطاع الخدمة الذاتية ضمن العمليات الموقوفة في البيانات المالية الموحدة بدءاً من إصدار نتائج الربع الثالث من 2025 في 30 أكتوبر 2025.
LKQ Corporation（纳斯达克：LKQ） 已完成将其自助服务板块（“Pick Your Part”）出售给 Pacific Avenue Capital Partners, LLC，交易的 企业价值为 4.10 亿美元。该交易符合 LKQ 在组合简化与成本削减方面的战略目标。收益将用于通过偿还债务来增强公司的资产负债表。自 2025 年 10 月 30 日公布的 2025 年第三季度业绩公告起，自助服务板块在合并报表中将列为续表之外的业务。
- Sale of Self Service segment for $410 million enterprise value
- Proceeds to be used for debt reduction, strengthening balance sheet
- Strategic portfolio simplification to improve operational efficiency
- Loss of revenue stream from Self Service segment
- Reduction in business diversification
ANTIOCH, Tenn., Oct. 01, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced it has completed its previously announced agreement to sell its Self Service segment (“Pick Your Part”) to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of
Justin Jude, President and Chief Executive Officer, commented, “We are executing on our strategic priorities by simplifying our portfolio of businesses and continuing our efforts to reduce costs across our business while growing, with a goal of expanding margins as the market turns. The proceeds from this transaction will be used to strengthen LKQ’s balance sheet through debt repayment, as we focus on executing our disciplined capital allocation strategy. We would like to thank all Pick Your Part employees for their years of service at LKQ, and we wish them the best in the future under the ownership of Pacific Avenue Capital Partners.”
As a result of the sale, the Company will report Self Service as discontinued operations in its consolidated financial statements for all current and prior comparable reporting periods beginning with the third quarter 2025 earnings release scheduled for October 30, 2025.
Jefferies LLC served as the financial advisor to LKQ and Wachtell, Lipton, Rosen & Katz served as the legal advisor to LKQ in connection with the transaction.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
Forward Looking Statements
Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act.
Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below. All forward-looking statements are based on information available to us at the time the statements are made. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
You should not place undue reliance on our forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by our forward-looking statements include, among others, changes in our cash position or cash requirements for other purposes, fluctuations in the price of our common stock, general market conditions, and stockholder response to the repurchase program; and other factors discussed in our filings with the SEC, including those disclosed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov.
Contact:
Joseph P. Boutross
Vice President, Investor Relations
LKQ Corporation
(312) 621-2793
jpboutross@lkqcorp.com
FAQ
How much did LKQ sell its Self Service segment for?
Who bought LKQ's Self Service (Pick Your Part) segment?
How will LKQ use the proceeds from the Self Service segment sale?
When will LKQ report the Self Service segment sale in its financial statements?
What is LKQ's strategic reason for selling the Self Service segment?
