On February 27, 2023, U.S. firm LKQ Corp. revealed its intent to purchase Quebec-based Uni-Select Inc. for about $2.6 billion. This strategic acquisition aims to bolster LKQ's North American aftermarket car parts presence amidst surging demand for auto repairs and parts. LKQ's offer, priced at $48 per share, represents a 20.7% premium on Uni-Select’s recent average stock price. With debt inclusion, the transaction's total value reaches $2.8 billion. This deal echoes the evolving auto sector dynamics, where higher interest rates make individuals hold onto their vehicles longer, fueling parts demand due to improved car longevity. Brian McManus, Uni-Select's CEO, has notably tripled the firm's worth in under two years by emphasizing foundational business principles. His leadership acumen previously turned Stella Jones into a Toronto Stock Exchange-listed multi-billion-dollar company. Uni-Select, originally on an acquisition hunt, viewed LKQ's offer as a golden opportunity, strengthening their market position. To alleviate potential UK antitrust issues, Uni-Select will offload its GSF Car Parts business. Canadian regulatory concerns appear minimal. Endorsed unanimously by Uni-Select's board after counsel from outside financial and legal experts, the acquisition also has the backing of shareholders representing around 20% of company stock, including prominent names like Birch Hill Equity Partners and EdgePoint Investment Group. Presently, Uni-Select stands as a major automotive refinish distributor in North America, supporting numerous Canadian vehicle repair shops and boasting a workforce of 5,200 across 95 stores.