LKQ Corporation has entered into a definitive agreement to acquire all shares of Uni-Select Inc. for C$48.00 per share in cash, representing a total enterprise value of approximately C$2.8 billion (US$2.1 billion). Uni-Select is a distributor of automotive refinish and industrial coatings and related products.
Uni-Select Inc. has completed the acquisition of 100% of the shares of PA Topco Limited doing business as The Parts Alliance, the second largest nationwide independent distributor of automotive aftermarket parts in the United Kingdom, for £205.0 million.
Uni-Select acquired The Parts Alliance, a UK automotive aftermarket parts distributor, for approximately £205 million on a cash-free and debt-free basis. The transaction was fully funded with debt.