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LKQ Acquires PartsChannel

LKQ_Logo LKQ, Inc., the largest aftermarket parts distributor in the U.S., just got bigger. The company has acquired PartsChannel, Inc., the country’s second largest aftermarket parts distributor, from Prudential Capital Partners, a private equity firm. LKQ has thus secured an estimated 70 percent of the North American non-OEM parts distribution market.

PartsChannel began in 1985 with a single warehouse in Los Angeles, and has grown to serve over 30 U.S. markets from 14 warehouses and distribution locations. It is not known at this time whether PartsChannel warehouses serving the same markets as LKQ distribution facilities will remain open. Prudential Capital Partners had owned PartsChannel since 2008.

LKQ, Inc. is a publicly traded company that was ranked 403rd in this year’s Fortune 500. The company has over 400 distribution locations in North America, and also has part operations in the United Kingdom and the Netherlands. The company is just over a year removed from finalizing its acquisition of Keystone Automotive.

Officials at LKQ and PartsChannel declined to comment on the transaction at this time. We will continue to follow developments.

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