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LKQ Corporation acquires Uni-Select Inc.

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On August 1, 2023, LKQ Corporation and Uni-Select Inc. announced the completion of the acquisition of Uni-Select by 9485‑4692 Québec Inc., a wholly-owned subsidiary of LKQ by way of a plan of arrangement under the provisions of the Québec Business Corporations Act.

Under the terms of the arrangement, LKQ’s subsidiary has acquired all of the issued and outstanding shares of Uni-Select for $48.00 in cash per share, representing a total enterprise value of approximately $2.8 billion.

The arrangement, initially announced on February 27, 2023, was subject to certain conditions, including the receipt of anti-trust clearances in Canada, the United States and the United Kingdom, approval under the Investment Canada Act, Uni-Select shareholder approval, and court approval.

With over 5,200 employees in Canada, the U.S. and the U.K., 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, Canada. Prior to completion of the arrangement, its shares were traded on the Toronto Stock Exchange under the symbol UNS.

LKQ 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 OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

Fasken represented Uni-Select Inc. with a team that included Jean Michel Lapierre, Marie-Josée Neveu, Guillaume Saliah, Marie-Christine Valois, Alexandra Freedman and Geneviève Richard (corporate/M&A), Ryan Rabinovitch and Andrew Haikal (tax), Brandon Farber (court proceedings), and Huy Do and Robin Spillette (regulatory).


  • Québec



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