LKQ
LKQ, founded in 1998, is a global distributor of aftermarket and recycled auto parts, operating in North America, Europe, and Taiwan.
Company History
Founded in 1998 through the combination of several wholesale recycled products businesses in Florida, Michigan, Ohio, and Wisconsin, LKQ has grown significantly through acquisitions. The company has acquired approximately 270 suppliers and manufacturers of aftermarket, recycled, refurbished, and remanufactured products. These acquisitions have been a key component of its expansion strategy.
Global Operations
LKQ operates in North America, Europe, and Taiwan. The company provides a broad range of replacement systems, components, equipment, and parts for automobiles and other vehicles. Its global footprint allows it to serve a diverse customer base with varying needs, from everyday drivers to specialized automotive service providers.
Acquisition of Elite Electronics
In 2019, LKQ entered the vehicle diagnostic services business by acquiring Elite Electronics. This acquisition marked a strategic expansion beyond its traditional offerings of aftermarket and recycled auto parts, allowing LKQ to provide comprehensive diagnostic services for vehicular systems.
Awards and Recognition
LKQ was recognized as one of America’s Most Responsible Companies of 2024 by Newsweek. Additionally, it received certification as a Great Place to Work for 2024. These accolades highlight the company's commitment to responsible business practices and a positive work environment.
Services and Product Range
LKQ offers a comprehensive selection of parts and service solutions, including aftermarket and recycled auto parts, to repair and accessorize vehicles. The company aims to be a sustainable distributor of vehicle parts and accessories, providing customers with reliable and eco-friendly options.