News Summary

Pacific Avenue Capital Partners, a private equity firm based in Los Angeles, announced that an affiliate has reached an agreement to acquire Pick Your Part (PYP) from LKQ Corporation for $410 million. PYP, known for its self-service salvage yards, operates 61 locations across the United States and is recognized for its environmentally-conscious practices. This acquisition aims to strengthen PYP’s market position through strategic growth initiatives. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approval.