LKQ Enters Aftermarket Through GTA Acquisition - aftermarketNews

LKQ Enters Aftermarket Through GTA Acquisition

LKQ Corp., a nationwide provider of recycled OEM automotive replacement parts, has acquired Global Trade Alliance (GTA), one of the largest suppliers of aftermarket collision automotive replacement parts in the Midwest. GTA operates primarily as Action Crash Parts and Midwest Fender. LKQ paid $30 million for the acquisition, $1.5 million of which was in LKQ common stock and the balance of which was in cash and assumed debt.

CHICAGO — LKQ Corp., a nationwide provider of recycled OEM automotive replacement parts, has acquired Global Trade Alliance (GTA), one of the largest suppliers of aftermarket collision automotive replacement parts in the Midwest. GTA operates primarily as Action Crash Parts and Midwest Fender.

LKQ paid $30 million for the acquisition, $1.5 million of which was in LKQ common stock and the balance of which was in cash and assumed debt.

GTA’s revenue for the twelve months, which ended January 31, was approximately $42.5 million. The company operates more than 20 locations serving 15 states primarily east of the Mississippi River. GTA has more than 300 employees.

“The acquisition of Global Trade Alliance is LKQ’s entry into the aftermarket replacement parts industry, which complements our existing business of recycled replacement parts,” said Joseph Holsten, president and CEO of LKQ. “The product line of GTA features exactly the type of parts that we often do not have in stock for our customers.”

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