LKQ to acquire Uni-Select for $2.1 billion
Boucherville, Quebec — LKQ Corporation and Uni-Select have entered a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for $48.00 per share in cash, representing a total value of approximately $2.8 billion. Founded in Boucherville, Québec, Canada in 1968, Uni-Select is a leader in the distribution of automotive refinish and […]
No Man Like Amin: Fix Network names Amin Youssef regional v-p of Ontario
Toronto, Ontario — Ontario-based Fix Network facilities take note, as the collision repair consolidator announced on Tuesday that Amin Youssef has joined the company as the new regional vice president for Ontario. Fix says that Youssef will be tasked with representing the repair banner’s brand in Ontario, as part of his new role within the […]
Industry Insider: Building solutions to the supply chain shortage | Dayle Thys of LKQ
Toronto, Ontario — On this episode of Industry Insider, “Building Solutions to the Supply Chain Shortage” Collision Repair’s James Kerr speaks with Dayle Thys, District Manager C3 Western Canada for LKQ. We discuss the struggles shops are facing, and what you can do about it.
Voting from the Heart: LKQ Corporation Announces 2nd Annual ‘LKQ Cares Holiday Vote” Charitable Program
Illinois, United States — On Tuesday, the LKQ Corporation announced its second annual “LKQ Cares Holiday Vote” charitable program, set to run until Monday. LKQ has doubled its contribution from last year to donate a total of $1 million to ten philanthropic organizations, including the American Cancer Society, Doctors Without Borders and The Ocean Cleanup. As […]
Tuesday Ticker: March 22, 2022
Toronto, Ontario — In this weekly Tuesday Ticker report, Canada’s third-largest auto parts manufacturer preps to prove its battery-making power; LKQ Corp. enters plans to sell its aftermarket glass division and Boyd Group Services announces its Q1 2022 cash dividend. Proving the power Martinrea International said it will begin proving out its battery technology and […]
Canadians in Charge: Derek Willshire to lead LKQ operations in Canada
Toronto, Ontario — Derek Willshire, regional vice president for LKQ Canada, will now lead the company’s operations across all of Canada. Previously, Willshire led the company’s operations in Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island, Quebec, Ontario and Manitoba. The Western provinces fell under the same jurisdiction as LKQ’s Western U.S. operations. “I’m a […]
Fortner’s Fortitude: LKQs Terry Fortner announces retirement, effective July
Toronto, Ontario — Terry Fortner, the long-time v-p of sales and marketing for LKQ has announced his retirement, effective at the end of July. Fortner, who gave 12 years of his career to LKQ, was initially brought on to develop relationships with the company’s corporate insurance partners and high-volume shops. President, Wholesale North America Operations […]
LKQ Delivers the Loot: Company gifts Tropicana, Centennial class with holiday donation
Toronto, Ontario — The students of Tropicana Community Centre’s Pre-Apprenticeship Auto Body and Collision Repair class are having a very happy holiday indeed, thanks to a very generous donation from LKQ Corporation. On top of body panels for Centennial College students to test their skills on, LKQ also supplied OGIO backpacks, vests and top-notch supplies […]
If it Ain’t Broke: LKQ says salvage parts out-performing aftermarket in Q3 earnings report
Toronto, Ontario — LKQ released its third quarter earnings report last Thursday and found that recycled parts are out-performing the aftermarket in revenue. President and CEO Dominick Zarcone believes he knows why. “Salvage parts come from the local markets, right? We buy total loss vehicles locally, we dismantle them locally and then we can distribute […]
United We Stand: CAR Coalition launches U.S. Right to Repair campaign
Washington, District of Columbia, United States — The CAR Coalition, a group of independent automotive parts and repair companies, associations and insurers committed to preserving customer choice has launched a multi-million dollar U.S. campaign in support of the right to repair movement and key legislative measures, including the Save Money on Auto Repair Transporation (SMART) […]
