LKQ Corp., parent company of NTP-STAG and Keystone Automotive, acquired Green Bean Battery.
Founded in 2016, Green Bean is a hybrid battery reconditioner and installer. The company developed a proprietary hybrid battery reconditioning process that creates a “more reliable” battery while extending its use life.
“This acquisition reinforces our ongoing commitment to expand our parts and services offerings to meet the demands and opportunities that arise from technological changes in the automobile industry,” said Justin Jude, LKQ’s president of North American wholesale operations. “Battery reconditioning represents a natural extension of our current powertrain remanufacturing operations. In addition, Green Bean’s entrepreneurial history, proprietary technology and sustainably-focused products fit well with LKQ’s mission and culture, and we are proud to have them join our North American team.”
Green Bean acquires hybrid battery cores from multiple sources, including LKQ, and reconditions them at its facilities across eight trading zones in the U.S. As a full-service provider, Green Bean installs its reconditioned batteries at customers’ preferred locations in trading zones where LKQ operates.
Acquisition terms were not disclosed.
