Elite Electronics Acquisition

LKQ Corporation Enters New Services Market with Purchase of Elite Electronics

LKQ Corporation announced that it has acquired all assets of Elite Electronics, which specializes in various automotive diagnostic and repair services.

LKQ Corporation announced that it has acquired all assets of Elite Electronics based in Richardson, Texas, which specializes in various automotive diagnostic and repair services. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs.

Elite Electronics’ technical solutions are both mobile and on-site and are provided to collision and mechanical repair facilities that are facing the rapidly expanding vehicle diagnostics and calibration marketplace. Re-flashing, programming, pre- and post-collision repair diagnostics, ADAS-related calibrations, airbag replacements, theft and vandalism repair, frame replacements and full mechanical services are among the services Elite provides. The service offering assists LKQ’s and Elite’s customers with typically time-consuming and challenging repairs. Allowing Elite Electronics to handle any number of these operations improves cycle times, associated repair expenses and customer experiences. Added to the service offering is the backing of LKQ’s expansive distribution network and inventory strength, along with LKQ’s Promise of Protection – a warranty and indemnification program.

Currently providing services in 13 states, Elite Electronics has significant growth and expansion plans.

“From Elite’s very beginning, we knew great things would evolve,” said Don Smith, founder and former owner of Elite Electronics. “The acquisition by LKQ will advance and accelerate that evolution to provide a superior service solution for the industry.”

Added Terry Fortner, vice president of sales and marketing, North America for LKQ, “We are pleased to welcome Elite Electronics into the LKQ family. LKQ has evaluated numerous options to further assist our loyal customers, and Elite’s services help ease complexity while providing a strong company to address growing automotive technology challenges. We are excited to have Don and his entire team of experts from Elite become a part of LKQ,”

You May Also Like

CREF Promotes Brandon Eckenrode to Executive Director

Eckenrode joined CREF’s team as associate director of development in 2009, and his skill and passion have earned him the well-deserved promotion to executive director of CREF.

The Collision Repair Education Foundation (CREF) announced it has promoted Brandon Eckenrode to executive director of the organization.

While Eckenrode’s collision industry career began in 2002 in I-CAR’s marketing department, he joined CREF's team as associate director of development in 2009 while the organization was “transitioning from distributing curriculum to collision school programs to becoming the philanthropic focused organization it is today,” he recalls, identifying his early responsibilities as “educating the industry on the new focus and showcasing how CREF is uniquely positioned to facilitate industry support to collision programs in need.”

State Farm Hit with Class Action Over Luxury Vehicle Repairs

A class action lawsuit has been filed against State Farm accusing them of short-paying policyholders with high-value luxury vehicles.

NABC Donates Recycled Ride to Virginia Beach Veteran

The NABC, along with GEICO and Elite Autobody, recently donated a refurbished vehicle to a deserving Virginia Beach veteran.

BendPak Invests in New Global Headquarters

Equipment manufacturer buys former Conrad N. Hilton Foundation headquarters to support growth.

Refinish Distributors Alliance Names New Executive Director

The Refinish Distributors Alliance (RDA) announced it has named Ben Jacobson as its new executive director.

Other Posts

CARSTAR Kicks Off Summer Splash Promotion for Customers

Five lucky winners will receive a prize package of summer essentials that includes a Yeti cooler, four branded koozies, a branded water bottle and a branded towel.

NABC Holds FREE Event in Loomis, Calif.

Local Loomis first responders learned new skills to help make drivers safer on the road through NABC First Responder Emergency Extrication (FREE) program.

Repair OnDemand Announces New President

Randy Kobat becomes the new president, while Tony Rimas takes on a new role with the board of directors.

Guess the Car and Win $50!

Give us your answer for this month’s Guess the Car and you might win $50!