Fenix Parts, a premier recycler and reseller of OEM auto parts, has broadened its reach in the Northeast with the acquisition of A&P Auto Parts and U-Pull U-Save Auto Parts in central New York. This strategic move, the largest since Fenix Parts was acquired by Stellex Capital Management in 2018, enhances the availability of used car parts for customers, including those interested in u-pull-and-pay options for affordable auto repairs.
This acquisition incorporates A&P Auto Parts, known for its full-service recycling operations in Syracuse and Rochester with locations in Cicero and Palmyra, and U-Pull U-Save, a self-service auto recycler in East Syracuse catering to the Syracuse market. The integration of these established businesses into the Fenix Parts network signals a significant boost for individuals and auto shops seeking quality, budget-friendly car components.
Bill Stevens, CEO of Fenix Parts, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome A&P and U-Pull U-Save to the Fenix family. Their experienced teams and strategic locations are a valuable addition, strengthening our Northeast presence in both full and self-service sectors. This expansion reinforces our commitment to providing a wide range of options for customers looking for reliable and cost-effective auto parts.” This development is particularly relevant for those who value the u-pull-and-pay model, as it suggests an amplified network and potentially greater inventory for such services in the region.
William Abold, formerly of A&P, also shared his positive outlook: “Joining Fenix Parts, backed by Stellex, is an exciting step for A&P and U-Pull U-Save. Fenix’s dedication to growth, advanced technology, and professional ethos assures a promising future for our employees. We believe our team will thrive within Fenix’s efficient operations, offering even better service and opportunities in the used auto parts market.”
Fenix Parts’ ongoing strategy includes seeking further acquisitions to enhance its network and service capabilities. This acquisition underscores the company’s commitment to expanding its footprint and providing greater access to quality recycled OEM auto parts. For those in the automotive repair industry and DIY car enthusiasts alike, Fenix Parts’ growth translates to improved access to a wider selection of parts, potentially including more u-pull-and-pay locations and inventory in the future as the network integrates and expands.
About Fenix Parts
Fenix Parts is a leading force in the automotive recycling industry, specializing in the recovery and resale of original equipment manufacturer (OEM) auto parts. Since its inception in 2014, Fenix has built a robust network across key US regions, including the Northeast, Southeast, Southwest, and Midwest. With a history rooted in companies averaging over 25 years in the auto recycling business, Fenix is dedicated to providing quality, recycled auto parts to meet diverse customer needs.
About Stellex Capital Management LLC
Stellex Capital Management, with offices across major cities including New York, Pittsburgh, and London, is a private equity firm managing over $2.6 billion in assets. Stellex focuses on creating value and growth within its portfolio companies through strategic investments and operational expertise. Their diverse portfolio spans sectors like manufacturing, automotive, and transportation, reflecting a commitment to building strong, sustainable businesses. For more information, visit www.stellexcapital.com.
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