LKQ Agrees to Acquire Keystone Automotive Operations Inc.
Deal for distributor and marketer of specialty aftermarket equipment and accessories in North America worth $450 million.
Keystone Automotive Operations Opens Portland, Ore., Warehouse Operations
The company says it has been actively growing over the past few years and will be opening its fifth warehouse in the Portland Metropolitan Area.
Platinum Equity Acquires Majority Interest in Keystone Automotive Operations Inc.
Platinum was previously Keystone’s largest bond holder and worked closely with Keystone and the company’s other debt holders to develop and execute a recapitalization plan that resulted in Platinum becoming the majority owner of the business.
Keystone Automotive Operations Reports Preliminary Fourth Quarter, Fiscal Year Results
Keystone estimates that net sales for the fourth quarter 2010 were approximately $114.9 million, an increase of $12.3 million, or 12 percent, compared to $102.6 million for the fourth quarter of the prior fiscal year.
Keystone Automotive Reaches Agreement on Terms of Recapitalization
Recapitalization will significantly reduce debt and strengthen balance sheet, company says.
Keystone Automotive Operations Reports Third Quarter Results
Keystone said net sales in the third quarter of fiscal 2010 were $123.3 million, an increase of $6.7 million, or 5.7 percent, compared to $116.6 million for the same period in the prior year, driven primarily by volume increases across most of the company’s geographical markets.
Keystone Automotive Operations Reports Second Quarter Fiscal 2010 Results
Gross profit for the second quarter was $44.2 million, an increase of $4.4 million, or 10.9 percent, over the same period in the prior year.
Keystone Automotive Operations Reports First Quarter Fiscal 2010 Results
For the first quarter, net sales were $122 million, an increase of $2.3 million, or 1.9 percent, compared to $119.7 million for the same period in the prior year.
Keystone Automotive Operations Reports Fourth Quarter, Fiscal Year 2009 Financial Results
For the fiscal year ended Jan. 2, net sales were $468.5 million, a decrease of $97.8 million, or 17.3 percent, compared to $566.3 million in the prior fiscal year.
Keystone Automotive Operations Reports Third Quarter Fiscal 2009 Financial Results
Net sales for the third quarter were $116.6 million, a decrease of $19.6 million, or 14.4 percent, compared to $136.2 million for the same period in the prior year.