December 1, 2022

Fenix ​​Parts completes acquisition of Reno Auto Parts

HURST, Texas–(BUSINESS WIRE)–#acquisition–Fenix ​​Parent LLC, doing business as Fenix ​​Parts (“Fenix ​​Parts”), a leading recycler and reseller of original equipment manufacturer auto parts, today announced that it has completed the acquisition of the assets of Reno Auto Parts (“Reno”) in Hillsboro, Ohio.

Reno is a full-service automotive recycler serving the Cincinnati and Dayton markets. This is Fenix ​​Parts’ third acquisition in the Midwest and brings Fenix’s location count to 21 full-service locations and 4 self-service locations.

Bill Stevens, CEO of Fenix ​​Parts, said, “We are delighted to announce the acquisition of Reno and are delighted to add their experienced and talented team to the Fenix ​​family. This acquisition expands our distribution footprint in Cincinnati and Dayton and adds significant production capacity to our Midwest region, which will drive additional sales at our Columbus and Cleveland sites. Welcome to the Reno team, we sincerely look forward to working with you.

Fenix ​​Parts continues to seek 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

About Fenix ​​Parts

Fenix ​​Parts is a leading recycler and reseller of OEM automotive products. The company’s primary business is automotive recycling, which is the salvage and resale of OEM parts, components, and systems salvaged from damaged, totaled, or low-value vehicles. Fenix ​​was founded in 2014 to create a network that offers sales, fulfillment and distribution in key regional markets across the United States. Fenix ​​currently operates locations in the Northeast, Southeast, Southwest, and Midwest, and Fenix ​​companies have been in business for over 25 years on average. For more information, visit www.fenixparts.com.

About Stellex Capital Management LLC

With offices in New York, Detroit, Pittsburgh and London, Stellex is a private equity firm with over $2.6 billion in assets under management. Stellex seeks to identify and deploy capital into opportunities that can bring stability, improvement and growth. Portfolio companies benefit from Stellex’s industry knowledge, operational capabilities, network of senior executives, strategic vision and access to capital. Sectors of particular interest include specialty manufacturing, industrial and business services, aerospace and defense, automotive, government services, transportation, logistics and food. Additional information can be found at www.stellexcapital.com.

contacts

Media:
Rosalia Scampoli

PR Marketcom
914-815-1465

rscampoli@marketcompr.com