Industry Update: Distribution

By: John Bintz | PJ Patel | Charles Sapnas

Industry Highlights

  • On March 18, 2022, LKQ Corporation said it agreed to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to private equity firm One Equity Partners. LKQ had bought PGW in early 2016 for $635 million, and shortly after sold off the company’s OEM operations to Vitro, North America’s largest glassmaker, for $310 million.
  • On February 14, 2022, Sysco Corporation, the leading global foodservice distribution company, announced it completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.

Past Industry Updates

Distribution: February 2022

Distribution: October 2021

Distribution: July 2021

Distribution: May 2021

Distribution: January 2021

Distribution: October 2020

Distribution: July 2020

Distribution: May 2020

Distribution: December 2019

Distribution: October 2019

Distribution: March 2019

Distribution: July 2017

 

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