Date Closed

August 1, 2023

Lead Office

Toronto

Value

2.80 Billion CAD

On August 1, 2023 LKQ Corporation ("LKQ") and Uni-Select Inc. ("Uni-Select") closed their previously-announced acquisition of Uni-Select by LKQ. On February 27, 2023, LKQ and Uni-Select had announced that they have entered into a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for C$48.00 per share in cash, representing a total enterprise value of approximately C$2.8 billion (the “Transaction”).

The Transaction has been implemented by way of a plan of arrangement under the Business Corporations Act (Québec). LKQ entered into voting and support agreements with Birch Hill Equity Partners and EdgePoint Investment Group, who collectively represented approximately 20% of Uni-Select’s outstanding shares during the time the definitive agreement was announced.

Uni-Select is a leader in the distribution of automotive refinish and industrial coatings and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the U.K. Uni-Select is headquartered in Boucherville, Québec.

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

McCarthy Tétrault advised EdgePoint and Birch Hill with a team led by Robert O. Hansen (Business) and Patrick McCay (Tax).