LKQ Corporation
TypePublic
IndustryAuto parts
FoundedFebruary 1998 (1998-02)
FounderDonald F. Flynn
HeadquartersChicago, Illinois, U.S.
Key people
Dominick P. Zarcone, President and CEO
OwnerValueAct Capital, 7.1%[1]
Number of employees
44,000 (2022)
SubsidiariesKeystone Automotive
Websitelkqcorp.com

LKQ Corporation (“Leadership, Know-how, and Quality”) is an American provider of alternative and speciality parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ sells replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.[2]

In December 2018, it was #300 on the list Fortune 500.[3] In March 2017, Dominick P. Zarcone was selected to become the new President and Chief Executive Officer.[4]

History

LKQ Corporation was founded by Donald Flynn in February 1998, with the purchase of Triplett Automotive Recycling in Akron, Ohio. Flynn remained chairman of the corporation until his death in October 2011.[5] Since inception, it has greatly expanded, primarily through over 200 acquisitions of used and refurbished auto parts suppliers and manufacturers. Some major acquisitions made by LKQ are Stahlgruber, Rhiag, Euro Car Parts, Fource ADL and others.[6][7]

In January 2017, LKQ Corporation announced they would be moving their headquarters of North America to Antioch, a suburb of Nashville, Tennessee. They planned to move roughly four hundred employees to the new Antioch headquarters from Illinois and California.[8] The new headquarters officially opened in December 2018.[9]

References

  1. ↑ 2021 Proxy Statement
  2. ↑ "LKQ Corporation | About, Auto Parts". www.lkqcorp.com. Retrieved 2018-01-02.
  3. ↑ "LKQ". Fortune. Retrieved 2018-12-01.
  4. ↑ "LKQ Corporation Announces Leadership Transition". investor.lkqcorp.com. Retrieved 2018-07-27.
  5. ↑ "LKQ founder Donald Flynn dies". Retrieved 8 April 2015.
  6. ↑ "Global Presence". LKQ Corp. Retrieved 2022-02-27.
  7. ↑ "LKQ Corporation". Fortune. Retrieved 2018-01-02.
  8. ↑ "Freeland sells LKQ headquarters site, adjacent Antioch land for $6.7M". The Tennessean. Retrieved 2018-01-02.
  9. ↑ "LKQ Corporation Opens Its New North American Headquarters in Nashville". www.marketwatch.com. 18 December 2018. Retrieved 1 March 2020.
  • Business data for LKQ Corporation:
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