LKQ’s European wholesale operating segment was formed in the fourth quarter of 2011 with the acquisition of ECP, a leading distributor of automotive aftermarket parts in the U.K. ECP has approximately 9,000 employees with a large customer base of both commercial and retail accounts. More than 75% of ECP’s revenue comes directly from the professional repair segment. ECP’s main national distribution center supports its regional hubs and branch network with daily replenishment of stock, providing its customers with what we believe to be the highest in-stock rate in the U.K. As of December 31, 2014, ECP operated 214 selling locations, supported by 3 national distribution centers and 12 regional hubs (many of which are co-located with selling locations), which allows ECP to reach most major markets within the U.K.

In March 2012, LKQ launched its European aftermarket collision parts program through our ECP branch network. We believe the historically low alternative collision parts usage percentage in Europe, which is currently less than 10%, provides an opportunity for us in this segment, particularly as insurance companies look to lower their costs. To further LKQ’s commitment to expanding its European alternative collision parts program and becoming a leading one-stop shop supplier to the collision repair industry in the U.K., ECP also offers automotive paint products and related accessories.