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LKQ Corporation (Nasdaq: LKQ), a Fortune 500 company, is North America’s largest provider of alternative collision auto parts, and a leading provider of recycled and remanufactured mechanical parts including engines and transmissions, all in connection with the repair of automobiles and other vehicles. LKQ is also a leading distributor and marketer of specialty aftermarket equipment and accessories in North America. LKQ is the largest distributor of mechanical and collision alternative parts in the United Kingdom, and the largest distributor of mechanical parts in the Netherlands. LKQ also has operations in Taiwan, Belgium and France. LKQ operates more than 570 facilities, offering its customers a broad range of replacement systems, components, equipment, and parts to repair and accessorize automobiles, trucks, recreational and performance vehicles. In 2014, LKQ surpassed $6.7 billion in revenue.
Our Missions Statement
To be the leading global value-added distributor of vehicle parts and accessories by offering our customers the most comprehensive, available and cost-effective selection of part solutions while building strong partnerships with our employees and the communities in which we operate.
What We Do
LKQ distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. LKQ refers to these products as alternative parts because they are not new OEM products. LKQ is the nation’s largest provider of alternative vehicle collision replacement products and a leading provider of alternative vehicle mechanical replacement products, with sales, processing, and distribution facilities reaching most major markets in the United States. LKQ’s wholesale operations also reach most major markets in Canada.LKQ is a leading provider of alternative vehicle replacement products in the United Kingdom, and in the second quarter of 2013, LKQ expanded its operations into continental Europe through the acquisition of Sator Beheer B.V. ("Sator"), a leading distributor of vehicle mechanical aftermarket products in the Benelux region. In addition to wholesale operations, LKQ operates self-service retail facilities across the U.S. that sells recycled automotive products. LKQ is organized into three operating segments: Wholesale – North America; Wholesale – Europe; and Self Service. The majority of its products and services are sold to collision repair shops, also known as body shops, and mechanical repair shops. LKQ also generates a portion of its revenue from scrap sales to metal recyclers.
Since its formation in 1998, LKQ has grown through internal development and over 200 acquisitions. Today, LKQ is the only supplier of alternative parts for the automotive collision and mechanical repair industry with a network and presence serving most major markets in the U.S. and Canada. LKQ is also a leading supplier of automotive aftermarket products in the U.K. and the Netherlands. Initially formed through the combination of a number of wholesale recycled products businesses located in Ohio, Florida, Wisconsin and Michigan, LKQ grew to be a leading source for recycled automotive collision and mechanical products. LKQ subsequently expanded through acquisitions of aftermarket, recycled, refurbished and remanufactured product suppliers and manufacturers, and also expanded into the self-service retail business. LKQ later expanded its aftermarket automotive products through the acquisition of Keystone Automotive Industries, which, at the time of acquisition, was the leading domestic distributor of aftermarket products, including collision replacement products, paint products, refurbished steel bumpers, bumper covers and alloy wheels.In October 2011, LKQ expanded its operations into the European automotive aftermarket business through its acquisition of Euro Car Parts Holdings Limited ("ECP"). They further expanded their geographic presence into continental Europe in May 2013 through the acquisition of Sator, a vehicle mechanical aftermarket parts distribution company based in the Netherlands, with operations in the Netherlands, Belgium and Northern France. LKQ’s European product offerings are primarily focused on vehicle aftermarket mechanical products, many of which are sourced from the same suppliers that provide products to the OEMs.In addition to the acquisition of Sator, LKQ made 19 acquisitions during 2013, including 10 wholesale businesses in North America, seven wholesale businesses in their European segment and two self-service operations. LKQ’s European acquisitions included five automotive paint distribution businesses in the U.K., which enabled them to expand our collision product offerings. Our other acquisitions completed during 2013 enabled LKQ to expand into new product lines and enter new markets. In August 2013, LKQ entered into an agreement with Suncorp Group, a leading general insurance group in Australia and New Zealand, to develop an alternative vehicle replacement parts business in those countries. Under the terms of the agreement, LKQ will contribute experience to help establish automotive parts recycling operations and to facilitate the procurement of aftermarket parts, while Suncorp will supply salvage vehicles to the venture as well as assist in establishing relationships with repair shops as customers.
LKQ operates a network of more than 570 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ also has operations in the United Kingdom, the Benelux, France, Canada, Mexico and Central America. We provide our customers with an extensive selection of high-quality replacement parts for just about any vehicle and superior customer service from a knowledgeable sales team.
LKQ is committed to providing the highest quality standards in the recycled and aftermarket parts industry. We stand behind the integrity of our products with the LKQ Parts Replacement Promise.LKQ has access to the broadest range of late-model vehicles. Our procurement standards are the strictest in the industry, and any vehicle that does not meet our criteria is rejected.We proactively use VIN matching to ensure the integrity of our recycled inventory, and we provide consistent and accurate product descriptions. As a result, our products are guaranteed to fit and perform as you need and expect.Building a part the right way is important to all of our manufacturing partners. Years of experience, integrity, and ingenuity are what sets them apart from the rest. LKQ performs both internal testing and hires independent testing agencies to evaluate the quality of our parts. We do not procure parts that compromise safety.All parts are carefully inspected throughout the dismantling and order-fulfillment process. The first quality inspection occurs before a part can even be added to our inventories. After your order is placed, all recycled auto body parts, including, but not limited to, sheet metal, doors, front ends, deck lids, hoods, etc. are cleaned and inspected one final time before being placed on the delivery truck.Our employees are educated in the latest quality and safety regulations by receiving regular training in those areas. Employees in direct contact with customers provide valuable feedback for quality improvements. Please ask us about any quality concerns that you may have.
| 500 West Madison Street Chicago, Illinois United States ZIP: 60661 |
| 312.621.1950 312.621.1969 NS |
| 269 River Road York Haven, Pennsylvania United States ZIP: 17370 |
| (717) 266-9500 NS NS |
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