LKQ Corporation has acquired an aftermarket business and two recycled parts businesses with aggregate 2005 revenue of approximately $20 million. Terms of these transactions were not disclosed. 

The company expects these businesses to generate approximately $13 million of revenue and $0.01 of diluted earnings per share for LKQ during its period of ownership in 2006.

The aftermarket business operates as Global Automotive Parts from three warehouses located in the Los Angeles, California, Portland, Oregon, and Seattle, Washington markets. This business reported 2005 revenue of approximately $11 million.

The two recycled parts business acquisitions consist of three facilities in Western Michigan with a total footprint of approximately 25 acres and three facilities in the Tulsa, Oklahoma market with about 40 acres. Combined, these businesses consist of four operations that sell primarily into the retail market and two facilities that sell primarily into the professional repair market. These two businesses reported 2005 revenue of approximately $9 million.

"We remain pleased with the overall acquisition environment, and are particularly happy with the geographical and product mix reflected by these three transactions. In particular, Global provides immediate access to three major West coast markets that completes our near-term aftermarket parts strategy for the West, as we now have the ability to provide aftermarket parts sales and distribution to our customer base and insurance partners in the four major markets of Los Angeles, the Bay area, Portland, and Seattle," said Joe Holsten, LKQ's President and CEO.

"On the recycled parts businesses that we acquired, our Tulsa acquisition fits nicely in terms of adding more capacity and density to our Central Region as well as providing warehousing capacity for our aftermarket operations in Oklahoma and Northwestern Arkansas. While we currently provide a limited service to the Grand Rapids and Western Michigan market, our Michigan acquisition provides important additional processing and storage capacity to our Michigan recycled parts business."