Mergers & Acquisitions

Auto Parts Distributor LKQ to Sell Self-Service Unit in $410M Private Deal

LKQ Corporation will sell its Self Service segment as part of a broader effort to streamline its business and focus on core operations.

August 27, 2025

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LKQ Corporation

Automotive aftermarket and recycled parts distributor LKQ Corporation agreed to sell its Self Service segment for $410 million to an affiliate of Pacific Avenue Capital Partners.

The proposed transaction resulted from a competitive bidding process that drew interest from multiple parties.

LKQ Corporation supplies alternative and specialty parts for the repair and customization of automobiles and other vehicles. The company operates in North America, Europe and Taiwan, and provides a range of OEM recycled and aftermarket parts, replacement systems, components, equipment and related services.

MDM’s 2Q25 M&A Report (store link) 

The Self-Service unit had 2024 annual revenue of $532 million and comprised 3.5% of the company’s total 2Q25 revenue. Meanwhile, LKQ reported a 2024 annual revenue of $14.4 billion and net profit of $690 million.

“Today’s announcement marks another important step in our multi-year transformation to simplify our portfolio and become a more focused, high-performing company with leadership positions in our priority segments,” LKQ President and CEO Justin Jude said an Aug. 26 news release. “While Pick Your Part has played a meaningful role in our history, we believe that it no longer aligns with our long-term strategy. As we have said, after having built the Company through thoughtful acquisitions over many years, we have reached a point where it makes sense to assess opportunities to simplify and sharpen our focus. We will continue to evaluate opportunities to advance our strategic objectives so that we can best serve customers and create value for our shareholders.”

LKQ said the net proceeds from the sale will be used to reduce debt and improve the company’s balance sheet.

In the Store: MDM’s U.S. MRO Market Trends Report 

The transaction is expected to close in the fourth quarter of 2025, pending standard closing conditions and regulatory approval.

Five days prior to the sale, LKQ announced the appointment of John Mendel to Chairman of the Board.

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