LKQ Corporation (LKQ), a vehicle parts and service provider, said on Tuesday that it has inked a deal to sell its Self Service segment to an affiliate of Pacific Avenue Capital Partners, LLC for $410 million.
Justin Jude, CEO of LKQ, said: "Today's announcement marks another important step in our multi-year transformation to simplify our portfolio and become a more focused, high-performing company with leadership positions in our priority segments."
The net proceeds from the sale, expected to be closed in the fourth quarter of 2025, will be used to boost LKQ's balance sheet through debt repayment.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.