On October 1, 2025, LKQ Corporation announced that it has completed the sale of its Self Service segment, known as Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC. The transaction was valued at an enterprise value of $410 million, subject to customary purchase‑price adjustments.
The proceeds from the sale will be used to strengthen LKQ’s balance sheet through debt repayment, in line with the company’s disciplined capital allocation strategy. By reducing leverage, LKQ aims to improve financial flexibility while continuing to invest in its core operations.
In its consolidated financial statements, LKQ will report the Self Service segment as discontinued operations 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 and Wachtell, Lipton, Rosen & Katz as the legal advisor to LKQ in connection with the transaction.
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