Fenix Parent LLC, operating as Fenix Parts, a leading recycler and reseller of original equipment manufacturer automotive parts, recently completed the acquisition of the assets of University Auto Recyclers (University) in Pensacola, Florida.
University is a full-service automotive recycling facility servicing the Florida panhandle, along with Alabama and Mississippi. This acquisition represents Fenix Parts’ third 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 University in Pensacola and are excited about the addition of its experienced and talented team to the Fenix family. This acquisition expands Fenix Parts’ Southeast footprint, adding significant production capacity and increasing our total addressable market. I want to give a special welcome to the incredible team at University, we sincerely look forward to working with you.”
Bryan Minchew, the owner of University Auto Recyclers, said:
“We are excited for our team to join Fenix Parts. The growth opportunity for employees is endless, and we will be able to serve our customers with even more parts. It’s a win-win for everyone involved.”
Fenix Parts continues to pursue opportunities that align with its strategic development plans. Current auto recycling owners interested in learning more about Fenix’s acquisition process should email info@fenixparts.com.
Source www.businesswire.com
