Pacific Avenue Capital Partners to Acquire LKQ's Pick Your Part Unit for $410M

Private Equity
Written By Rick Watson

Pacific Avenue Capital Partners is a middle-market private equity firm based in Los Angeles and Paris that specializes in corporate divestitures, carve-outs, and other complex situations.

Private equity fund, Pacific Avenue Capital Partners, has acquired LKQ's self-service segment, Pick Your Part, for an enterprise value of $410 million. LKQ will use proceeds of the sale for debt repayment.

Private Equity Insights: Pacific Avenue Capital Partners to acquire LKQ’s $410m Pick Your Part unit

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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