Fenix Parts Expands Footprint with Acquisition of Assured Auto Parts in San Antonio

HURST, Texas--(BUSINESS WIRE)--Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts” or the “Company”), a leading recycler and reseller of original equipment manufacturer automotive parts, is thrilled to announce the successful acquisition of Assured Auto Parts (“Assured”), a well-respected name in the automotive recycling parts industry in San Antonio, Texas. This move is a key step in Fenix Parts’ efforts to grow its presence in the State of Texas and better serve its customers in a thriving market.

Assured’s solid reputation and deep roots in San Antonio - a city experiencing strong economic growth and diverse automotive needs - create an expansion opportunity for Fenix Parts. With Assured on board, Fenix Parts is enhancing its offerings and aiming to solidify its position as an automotive recycling industry leader.

"We are incredibly excited to welcome Assured Auto Parts into the Fenix Parts family," said Bill Stevens, CEO of Fenix Parts. “This acquisition broadens our geographic reach and enhances our ability to support customers in the State of Texas. We believe San Antonio and Austin’s dynamic and growing automotive market presents incredible opportunities. Fenix is eager to leverage Assured's talented team and geographically advantaged location to deliver more options for consumers in both cities.”

Stevens added, “I want to give a warm welcome to everyone at Assured Auto Parts. We look forward to what we will achieve together.”

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 [e-mail].

About Fenix Parts

Fenix Parts 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, totaled or low value vehicles. Fenix was founded in 2014 to create a network that offers sales, fulfillment, and distribution in key regional markets in the United States. Fenix currently operates locations in the Northeast, Southeast, Southwest, Midwest and Southern California, and the Fenix companies have been in business for more than 25 years on average.

About Stellex Capital Management LLC

With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $3.9 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include aerospace, defense & government services, transportation & logistics, manufacturing, real economy & business services, food processing and tech-enabled services. Additional information may be found at www.stellexcapital.com.