LKQ Corp. has completed its previously announced acquisition of Uni-Select by Québec Inc., a wholly owned subsidiary of LKQ. Under the terms of the arrangement, LKQ has acquired all of the issued and outstanding shares of Uni-Select for $48 per share in cash.
Uni-Select is a distributor of automotive refinish and industrial coatings and related products in North America through its FinishMaster segment and in the automotive aftermarket parts business in Canada through its Canadian Automotive Group segment and in the U.K. through its GSF Car Parts segment.
As a result of the completion of the transaction, the shares of Uni-Select will be de-listed from the Toronto Stock Exchange shortly and Uni-Select has applied to cease to be a reporting issuer in all the provinces of Canada.
The company has more the 5,200 employees in Canada, the U.S. and the U.K.
