LKQ Corp., parent company of NTP-STAG, announced that it has completed its previously announced agreement to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners.
The sale price was $362 million, subject to customary post-closing purchase price adjustments.
LKQ will report the financial information for the PGW glass distribution business through the April 18 closing date in the continuing operations section of its financial statements. PGW generated almost $400 million of revenue and its EBITDA margin was approximately 10 percent in 2021, the company said.
BofA Securities acted as financial advisor to LKQ Corporation on this transaction.