LKQ Corp. to sell Self Service segment for enterprise value of $410M

LKQ Corporation entered into a definitive agreement to sell its Self Service segment to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary post-closing purchase price adjustments. This proposed transaction was the result of a robust competitive bid sale process that attracted interest from several parties. The net proceeds from the sale will be used to strengthen LKQ‘s balance sheet through debt repayment. The transaction is expected to be completed during the fourth quarter of 2025, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approval.