Business
Affiliate of Pacific Avenue Capital Partners to Acquire Pick Your Part From LKQ Corporation
LOS ANGELES, CALIFORNIA / ACCESS Newswire / August 26, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, ...
About this update from Lkq Corporation
[{"type":"text","content":"LOS ANGELES, CALIFORNIA / ACCESS Newswire / August 26, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, announced today that an affiliate of Pacific Avenue has entered into an agreement to acquire Pick Your Part ("PYP") from LKQ Corporation (NASDAQ:LKQ). PYP is a long-established, environmentally-conscious auto salvage business known for its self-service salvage yards. PYP operates 61 locations across the United States, enabling customers to remove and purchase used auto parts at affordable prices. PYP operates one of the largest networks of self-service salvage yards, serving a broad base of customers seeking cost-effective solutions.","length":806,"tagName":"p"},{"type":"image","alt":"Pacific Avenue","displaySize":"","headline":null,"caption":"Pacific Avenue","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":4167,"height":1250,"url":"https://media.zenfs.com/en/accesswire.ca/8268a791809f3077d154c4e550bc1c97"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/M8.UhHzdYIulvJAHFCpO_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI4ODtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/8268a791809f3077d154c4e550bc1c97","width":960,"height":288},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/8meiSr_dUwLIrHiqaonJNA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MjA7Y2Y9d2VicA--/https://media.zenfs.com/en/accesswire.ca/8268a791809f3077d154c4e550bc1c97","width":1200,"height":360}}},{"type":"text","content":"PYP provides a critical function in extracting value at the last stage of the vehicle's lifecycle and maintains a strong reputation for providing high-quality recycled parts to retail customers and aluminum, autobody steel, precious metals, and vehicle cores for scrap buyers and remanufacturing customers.","length":310,"tagName":"p"},{"type":"text","content":"Under Pacific Avenue's stewardship, PYP will focus its efforts on meeting the needs of its customers and driving forward a series of strategic growth initiatives to strengthen its leading position.","length":201,"tagName":"p"},{"type":"text","content":""We are excited to acquire PYP, a leading self-service salvage yard operator. PYP has built a trusted brand that combines affordabil...