LKQ Corp. (Nasdaq: LKQ) is buying Sator Beheer BV, an automotive parts distributor, for $268 million.
Schiedam, Netherlands-based Sator distributes automotive parts, tools and equipment. The company is being sold by Amsterdam private equity firm H2 Equity Partners, which bought the target in July 2009.
Chicago-based LKQ sells collision replacement auto parts and recycled auto parts. The company had sales of more than $4.1 billion in 2012, up from $3.2 billion in 2011.
Baird acted as LKQ’s financial adviser for the deal.
The deal follows several in the automotive parts sector. In March, Genuine Parts Co. (NYSE: GPC) bought the stake in Exego Group, an automotive parts dealer that it did not already own, and in February private equity firm Trive Capital bought Huron Inc., which makes products for the automotive industry, from SunTx Capital Partners.