One Equity Partners (OEP), a middle market private equity firm, is to acquire PGW Auto Glass (PGW), a distributor of aftermarket glass products for the North American automotive sector, from a subsidiary of LKQ Corporation (LKQ).
Terms of the transaction, which is expected to be completed in the second quarter of 2022 and is subject to regulatory approvals and customary closing conditions, have not been disclosed.
PGW has a long and rich history of serving automotive glass installers across North America. The Company’s over 900 employees have helped build industry leading, trusted customer service. OEP will partner with PGW management, led by Todd Fencak, who will take the role of CEO, to establish the Company as an independent business, ensure continuity for customers, suppliers and employees, and invest in exciting growth areas.