Fenix Parts Expands Midwest Footprint with Acquisition of Brothers Auto Parts

Fenix Parts, a leading recycler and reseller of automotive parts, has announced the completion of its acquisition of Brothers Auto Parts in Indianapolis, Indiana. This marks Fenix Parts' sixth acquisition in the Midwest and brings the company's total location count to 24 full-service and 5 self-service locations.

The acquisition of Brothers Auto Parts further solidifies Fenix Parts' presence in the Midwest region and allows them to leverage their existing distribution network to increase regional production. With a location in the "Crossroads of America," Fenix Parts gains access to multiple Midwestern markets and strengthens its distribution and logistics capabilities.

Bill Stevens, CEO of Fenix Parts, expressed his excitement about the acquisition, stating, "We are pleased to announce the acquisition of Brothers and excited about the addition of its experienced and talented team to the Fenix family. This acquisition expands our Midwest footprint westward and leverages our existing Midwest distribution network to increase regional production. With a location in the 'Crossroads of America,' Fenix gains distribution and logistics access to multiple Midwestern markets as we continue to grow our business."

Stevens also extended a warm welcome to the team at Brothers Auto Parts and expressed his enthusiasm for their expertise and contributions to Fenix Parts' growth in the area. Jeremiah Johnson, who has been in the auto recycling business for over 35 years, will join Fenix Parts as the General Manager of Fenix Parts Indianapolis.

Fenix Parts remains committed to pursuing opportunities that align with its strategic development plans. Auto recycling owners interested in learning more about Fenix's acquisition process can reach out to [email protected].

About Fenix Parts

Fenix Parts is a leading recycler and reseller of OEM automotive products. The company specializes in auto recycling, which involves the recovery and resale of OEM parts, components, and systems from damaged or low-value vehicles. Fenix Parts was established in 2014 to create a network that offers sales, fulfillment, and distribution in key regional markets across the United States. With operations in the Northeast, Southeast, Southwest, and now the Midwest, Fenix Parts has a strong presence nationwide. The Fenix companies have a combined business experience of over 25 years, showcasing their expertise and longevity in the industry.

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, Stellex seeks opportunities that can provide stability, improvement, and growth. The firm focuses on sectors such as specialty manufacturing, industrial and business services, aerospace & defense, automotive, government services, transportation, logistics, and food. Stellex utilizes its industry knowledge, operational capabilities, network of senior executives, strategic insight, and access to capital to benefit its portfolio companies. For more information, visit www.stellexcapital.com.

In conclusion, Fenix Parts' acquisition of Brothers Auto Parts strengthens their presence in the Midwest region and enhances their distribution and logistics capabilities. This strategic move aligns with Fenix Parts' goal of expanding their network and increasing regional production. With their extensive experience in the auto recycling industry, Fenix Parts is well-positioned for continued growth and success.