Fenix Parts Expands Midwest Footprint with Acquisition of Stafford's Auto Parts

Fenix Parts, a leading recycler and reseller of automotive parts, has announced the completion of its acquisition of Stafford's Auto Parts in Montgomery, Illinois. This strategic move marks Fenix Parts' seventh acquisition in the Midwest and brings its total location count to 25 full-service and 5 self-service locations.

The acquisition of Stafford's Auto Parts will allow Fenix Parts to enhance its presence in the Chicago market, the largest metropolitan area in the Midwest. By leveraging its existing distribution network and the addition of Stafford's experienced team, Fenix Parts aims to strengthen its position in the region and further expand its Midwest footprint.

Bill Stevens, CEO of Fenix Parts, expressed his excitement about the acquisition, stating, "We are pleased to announce the acquisition of Stafford's and excited about the addition of its experienced and talented team to the Fenix family. This acquisition continues our Midwest footprint expansion westward and leverages our existing distribution network."

He further added, "With a location servicing the Chicago market, Fenix gains distribution access to the Midwest's largest metropolitan area and the ability to leverage our 75+ acres of Midwest full-service production capacity."

Stafford's Auto Parts has been in the auto recycling business for nearly 50 years, and their expertise and knowledge will be valuable assets to Fenix Parts as it continues to grow in the Midwest region.

Fenix Parts is actively seeking opportunities that align with its strategic development plans. Auto recycling owners who are interested in learning more about Fenix's acquisition process can email [email protected] for further information.

About Fenix Parts

Fenix Parts is a leading recycler and reseller of OEM automotive products. The company specializes in the recovery and resale of OEM parts, components, and systems reclaimed from damaged, totaled, or low-value vehicles. With a network that spans key regional markets in the United States, Fenix Parts has been operating for over 25 years on average. The company currently operates locations in the Northeast, Southeast, Southwest, and Midwest.

About Stellex Capital Management LLC

Stellex Capital Management LLC is a private equity firm with offices in New York, Detroit, Pittsburgh, and London. With over $2.6 billion in assets under management (AUM), Stellex capitalizes on opportunities that can benefit from its operationally focused and hands-on approach to investing. The firm provides support to portfolio companies through its industry knowledge, operational capabilities, strategic insight, and access to capital. Stellex's sectors of focus include aerospace, defense, and government services, transportation and logistics, manufacturing, real economy and business services, food processing, and tech-enabled services. For more information, visit www.stellexcapital.com.

As Fenix Parts continues to expand its operations and strengthen its network, the acquisition of Stafford's Auto Parts represents another significant step towards its strategic growth objectives. With an increased presence in the Midwest and access to the Chicago market, Fenix Parts is well-positioned to serve the automotive industry's needs in the region.