LKQ Corp.

LKQ Corp.

LKQ Corp.

Overview
Date Founded

1998

Headquarters

500 West Madison Street, Suite 2800, Chicago, IL, 60661, USA

Type of Company

Public

Employees (Worldwide)

51K

Industries

Wholesale: Industrial Products & Manufacturing
Industrial Machinery & Manufacturing
Waste Management & Recycling
Automobiles
Auto Parts & Tires

Company Description

LKQ Corp. engages in providing alternative parts to repair and accessorize automobiles and other vehicles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.

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Executives & Employees

President, Chief Executive Officer & Director

Senior Vice President-Development, Associate General Counsel, Assistant Secretary

Chief Financial Officer & Executive Vice President

Senior Vice President, General Counsel, Corporate Secretary

Senior Vice President & Chief Executive Officer & Managing Director, Lkq Europe

President-Wholesale North America Operations

Vice President, Finance, Controller & Principal Accounting Officer

Senior Vice President-Human Resources

Senior Vice President-Government & Regulatory Affairs

Chief Executive Officer-Italy & Switzerland

Board of Directors

Former President, Chief Executive Officer & Director at LKQ Corp.

President, Chief Executive Officer & Director at LKQ Corp.

Former Senior Lecturer, Business Administration at Harvard University - Harvard Business School

Executive Officer at Golub Capital Bdc 3, Inc.

Faculty Director, JD/MBA Program at Harvard University - Harvard Law School

Founder at American College of Corporate Directors

Principal at Divitto Design Group

Co-Founder at Board Leaders, Inc.

Chief Executive Officer at Rexel SA

Chief Executive Officer at CEVA Logistics LLC

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Owners & Shareholders
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ValueAct Capital was initially formed in June 2000 to manage the capital of its three founders, along with the capital of a limited number of outside investors, in an investment strategy that combines intensive due diligence, a concentrated number of investments, and active, constructive involvement in the value creation at those investments. Today, with offices in San Francisco and Boston, ValueAct Capital manages more than $8.0 billion on behalf of some of the world's most respected institutional and individual investors. ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders. ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.

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Ensign Peak Advisors compares various markets around the world in equities, fixed-income and currencies, and assesses which are more attractive and less attractive. They allocate a higher percentage of the portfolio towards those markets that are more attractive and underweight areas of the world that are less attractive.

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SCA is a value-oriented investment adviser that focuses primarily on US corporate equity, but also invests in other securities and investments on behalf of the funds. The firm generally evaluates securities on an enterprise value basis, seeking to determine intrinsic value of the securities of a \"company.\" They view a \"company\" as a combination of (1) an operating business or businesses; (2) a capital structure; and (3) assets or liabilities that may not be properly reflected in a profit and loss statement. SCA attempts to purchase or sell short securities with the greatest possible deviation from their intrinsic value due to the fact that it is often difficult to estimate the intrinsic value with great precision. The steps of the firm's methods of analysis include identification; analysis; monitoring; exiting a position; market strategy; portfolio concentration; and borrowing.

Recent Transactions
Details Hidden

LKQ Corp. purchases Elite Electronics, Inc.

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LKQ Corp. purchases Stahlgruber GmbH from Stahlgruber Otto Gruber AG

Details Hidden

LKQ Corp., Euro Car Parts Ltd. purchase Andrew Page Ltd. from Phoenix Equity Partners Ltd., Endless LLP

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onLKQ Corp. purchases Global Trade Alliance, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Stahlgruber GmbH from Stahlgruber Otto Gruber AG

Investment Advisor

Advised onLKQ Corp. purchases Keystone Automotive Industries, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Keystone Automotive Industries, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Rhiag Inter Auto Parts Italia SpA from Apax Partners Ltd.

Legal Advisor

Advised onLKQ Corp. purchases Rhiag Inter Auto Parts Italia SpA from Apax Partners Ltd.

Advisors & Consultants
Advisor

President, Chief Executive Officer & Director at City Auto Parts of Durham, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$6.89B
Total Enterprise Value
$16B
Earnings Per Share
$1.74
Revenue
$12.5B
Enterprise Value Sales
1.28x
TEVNet Income
29.64x
Debt TEV
0.34x
Total Equity
$5.07B
Total Debt
$5.4B
Net Profit
$541M
Enterprise Value EBITDAOperating
11.35x
EBITDAMargin
10.34%
EBITDA
$1.29B
Non-Profit Donations & Grants
Political Donations
Suppliers
Horizon Global Corp. Automobiles | Troy, MI

Horizon Global Corp. engages in the design, manufacture, and distribution of custom-engineered towing, trailering, cargo management, and other related accessory products. It operates through the following segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America. The Horizon Asia Pacific segment operates primarily in Australia, Thailand, and New Zealand. The Horizon Europe Africa segment includes operations primarily in Germany, France, the United Kingdom, Romania, and South Africa. The company was founded by Brian P. Campbell in May, 1986 and is headquartered in Troy, MI.

Royal Dutch Shell Plc Oil & Gas | London, United Kingdom

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Ocap SpA Trucks, Construction & Farm Machinery | Valperga, Italy

Ocap SpA manufactures and supplies steering and suspension parts. The company was founded in 1975 and is headquartered Valperga, Italy.

Competitors
Fastenal Co. Wholesale: Consumer Durables - Winona, MN

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Genuine Parts Company Wholesale: Industrial Products & Manufacturing - Atlanta, GA

Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials. The Automotive segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles. The Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies. The Office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics. The Electrical/Electronic Materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus. The company was founded by Carlyle Fraser on May 7, 1928 and is headquartered in Atlanta, GA.

O'Reilly Automotive, Inc. Automobiles - Springfield, MO

O'Reilly Automotive, Inc. owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools and professional service provider service equipment. The company stores also offer enhanced services and programs comprising used oil, oil filter and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; professional paint shop mixing and related materials; and machine shops. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. O'Reilly Automotive was founded by Charles F. O'Reilly and Charles H. O'Reilly, Sr. in November 1957 and is headquartered in Springfield, MO.

Awards & Honors
Rank #369
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #369
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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