One Equity Partners has signed a definitive agreement to acquire PGW Auto Glass, enhancing its position in the North American automotive aftermarket sector.

Target Information

One Equity Partners ("OEP"), a middle-market private equity firm, has announced a definitive agreement to acquire PGW Auto Glass ("PGW"), a prominent distributor of aftermarket glass products for the North American automotive sector. The acquisition is from a subsidiary of LKQ Corporation, although the terms of the transaction have not been disclosed. PGW boasts a long-standing history of serving automotive glass installers throughout North America, employing over 900 staff dedicated to providing exceptional customer service.

Under the leadership of Todd Fencak, who will assume the role of CEO, OEP aims to establish PGW as an independent entity. This transition will facilitate continuity for customers, suppliers, and employees, while allowing for investment in growth opportunities within the industry. PGW currently operates 113 facilities across the U.S. and Canada and maintains strong, long-term partnerships with major suppliers in the North American aftermarket.

Industry Overview

The North American automotive aftermarket industry has been experiencing significant advancements and innovation. Factors such as emerging technologies, increasing vehicle complexity, and a trend towards