LKQ Corporation Acquires an Aftermarket Business and Two Recycled Parts Businesses

CHICAGO, June 5 -- LKQ Corporation today announced that it has acquired an aftermarket business and two recycled parts businesses with aggregate 2005 revenue of approximately $20 million. Terms of these transactions were not disclosed.

We believe these businesses will generate approximately $13 million of revenue and $0.01 of diluted earnings per share for LKQ during our period of ownership in 2006.

The aftermarket business operates as Global Automotive Parts from three warehouses located in the Los Angeles, CA, Portland, OR and Seattle, WA markets. This business reported 2005 revenue of approximately $11 million.

Our two recycled parts business acquisitions consist of three facilities in Western Michigan with a total footprint of approximately 25 acres and three facilities in the Tulsa, OK market with about 40 acres. Combined, these businesses consist of four operations that sell primarily into the retail market and two facilities that sell primarily into the professional repair market. These two businesses reported 2005 revenue of approximately $9 million.

"We remain pleased with the overall acquisition environment, and are particularly happy with the geographical and product mix reflected by these three transactions. In particular, Global provides immediate access to three major West coast markets that completes our near-term aftermarket parts strategy for the West, as we now have the ability to provide aftermarket parts sales and distribution to our customer base and insurance partners in the four major markets of Los Angeles, the Bay area, Portland, and Seattle," said Joe Holsten, LKQ's President and Chief Executive Officer. "On the recycled parts businesses that we acquired, our Tulsa acquisition fits nicely in terms of adding more capacity and density to our Central Region as well as providing warehousing capacity for our aftermarket operations in Oklahoma and Northwestern Arkansas. While we currently provide a limited service to the Grand Rapids and Western Michigan market, our Michigan acquisition provides important additional processing and storage capacity to our Michigan recycled parts business."

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of recycled light vehicle OEM products and related services and the second largest nationwide provider of aftermarket collision replacement products and refurbished wheels. LKQ operates over 100 facilities offering its customers a broad range of replacement systems, components, and parts to repair light vehicles.