Fenix Parent LLC, known as Fenix Parts, a prominent recycler and reseller of original equipment manufacturer (OEM) automotive parts, has announced the completion of its acquisition of A&P Auto Parts and U-Pull U-Save Auto Parts assets in central New York. This acquisition marks the largest for Fenix Parts since its acquisition by Stellex Capital Management LLC affiliates in April 2018, signaling a significant expansion in the Northeast region.
Fenix Parts Business Growth in Auto Recycling Industry
A&P Auto Parts, a full-service automotive recycler, serves the Syracuse and Rochester markets with locations in Cicero and Palmyra. U-Pull U-Save Auto Parts, on the other hand, operates as a self-service automotive recycler, catering to the Syracuse market from its East Syracuse location. This strategic acquisition brings together full-service and u-pull-and-pay car parts models under the Fenix Parts umbrella, enhancing its service offerings in the region.
Bill Stevens, CEO of Fenix Parts, commented on the acquisition, stating, “We are excited to announce the acquisition of A&P and their sister company U-Pull U-Save. We are thrilled to welcome their experienced and talented team to the Fenix family. This move significantly expands Fenix’s presence in New York, incorporating both full and self-service auto parts operations, and further strengthens our leading position in the Northeast. We extend a warm welcome to the exceptional teams at both A&P and U-Pull U-Save and eagerly anticipate our collaboration.”
Echoing this sentiment, William Abold, former owner of A&P, expressed enthusiasm about joining Fenix Parts: “The Abold family of companies, including A&P Auto Parts, A&P Auto Parts Rochester, and U-Pull U-Save, are proud to become part of the Fenix organization, sponsored by Stellex. Fenix’s infrastructure, commitment to success, advanced technology, and professionalism are truly impressive. This reinforces our family’s belief that our employees will have a thriving future with abundant opportunities for growth. We believe the future holds great promise for our team as they integrate into the most efficient operations in the industry.”
Fenix Parts is actively seeking further opportunities to strengthen its strategic development plans. Auto recycling owners interested in exploring acquisition possibilities with Fenix Parts are encouraged to reach out via email at [email protected].
About Fenix Parts
Fenix Parts stands as a leading force in the auto recycling industry, specializing in the recycling and reselling of OEM automotive products. The company’s core business revolves around auto recycling, focusing on the recovery and resale of OEM parts, components, and systems salvaged from damaged, totaled, or end-of-life vehicles. Established in 2014, Fenix Parts was founded with the vision of creating a robust network capable of delivering comprehensive sales, fulfillment, and distribution services across key regional markets in the United States. Currently, Fenix operates facilities across the Northeast, Southeast, Southwest, and Midwest, with Fenix companies boasting an average operational history of over 25 years. This acquisition further solidifies their commitment to providing quality recycled auto parts, including u-pull-and-pay options through newly acquired locations like U-Pull U-Save.
About Stellex Capital Management LLC
Stellex Capital Management LLC is a private equity firm managing over $2.6 billion in assets under management (AUM), with offices located in New York, Detroit, Pittsburgh, and London. Stellex strategically invests capital in businesses demonstrating potential for stability, improvement, and growth. Portfolio companies benefit from Stellex’s deep industry expertise, operational capabilities, extensive network of senior executives, strategic insights, and access to capital resources. Stellex focuses on key sectors including specialty manufacturing, industrial and business services, aerospace & defense, automotive, government services, transportation, logistics, and food. For more information, please visit Stellex Capital Management.
