This is the second acquisition for Fenix Parts in the Southeast region since being acquired by Stellex Capital Management LP
HURST, Texas–(BUSINESS WIRE)–Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts”), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today the closing of the acquisition of the assets of All Pro Auto Parts in Auburndale, Florida. This is the second acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LP in April 2018.
All Pro Auto Parts is a full-service automotive recycling facility servicing the greater Orlando and Tampa markets. This acquisition represents Fenix Parts’ second location in Florida and is a key addition to its Southeast supply chain and distribution network.
Bill Stevens, CEO of Fenix Parts, said:
“We are pleased to announce the acquisition of All Pro Auto Parts and we are excited about the addition of its talented team to the Fenix family. All Pro is a high-volume auto recycler that meets all of our acquisition criteria. Their strong leadership, strategically located facility and total addressable market will allow us to expand our dismantling, warehouse and distribution capabilities in the Southeast region and benefit current and new customers.”
About Fenix Parts
Fenix Parts, Inc. is a leading recycler and reseller of OEM automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totalled or low-value vehicles. Fenix was founded in 2014 to create a network that offers sales, fulfilment and distribution in key regional markets in the United States. The Fenix companies have been in business an average of more than 25 years and currently operate locations in the Northeast, Southeast and Southwest.
About Stellex Capital Management LLC
With offices in New York, Detroit and London, Stellex Capital is a private equity firm with over $2.6 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight and access to capital. Sectors of particular focus include specialty manufacturing, industrial and business services, aerospace and defense, automotive, and government services. Additional information may be found at www.stellexcapital.com.
This press release was originally published at businesswire.com