PartsChannel is a distributor of automotive collision repair parts. Its product lines include: bumpers, hoods, fenders, grilles, panels, lights, radiators, condensers and related automotive parts used in repairing damaged vehicles. The company's products are sold to automotive repair shops and independent distributors throughout the United States.On July 8, 2015, PartsChannel was acquired by LKQ Corporation. Terms of the transaction were not disclosed.
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Latest PartsChannel News
Apr 30, 2020
LKQ, Inc., the largest aftermarket parts distributor in the U.S., just got bigger. The company has acquired PartsChannel, Inc., the country’s second largest aftermarket parts distributor, from Prudential Capital Partners, a private equity firm. LKQ has thus secured an estimated 70 percent of the North American non-OEM parts distribution market. PartsChannel began in 1985 with a single warehouse in Los Angeles, and has grown to serve over 30 U.S. markets from 14 warehouses and distribution locations. It is not known at this time whether PartsChannel warehouses serving the same markets as LKQ distribution facilities will remain open. Prudential Capital Partners had owned PartsChannel since 2008. LKQ, Inc. is a publicly traded company that was ranked 403rd in this year’s Fortune 500. The company has over 400 distribution locations in North America, and also has part operations in the United Kingdom and the Netherlands. The company is just over a year removed from finalizing its acquisition of Keystone Automotive. Officials at LKQ and PartsChannel declined to comment on the transaction at this time. We will continue to follow developments.
PartsChannel Frequently Asked Questions (FAQ)
When was PartsChannel founded?
PartsChannel was founded in 1985.
Where is PartsChannel's headquarters?
PartsChannel's headquarters is located at 6836 Lankershim Blvd, North Hollywood.
What is PartsChannel's latest funding round?
PartsChannel's latest funding round is Acquired.
Who are the investors of PartsChannel?
Investors of PartsChannel include LKQ Corporation.
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