Hurst, Texas-based Fenix Parent LLC, operating as Fenix Parts, a recycler and reseller of original equipment manufacturer (OEM) automotive parts, has completed its acquisition of the assets of All Foreign Used Auto Parts Inc., Columbus, Ohio—its first acquisition in the Midwest.
Fenix was founded in 2014 to create a network that offers sales, fulfillment and distribution in key regional markets in the United States.
All Foreign is a full-service automotive recycling facility servicing the central Ohio market.
Bill Stevens, CEO of Fenix Parts, says, “We are pleased to announce the acquisition of All Foreign in Columbus and are excited about the addition of its experienced and talented team to the Fenix family. We are committed to expanding our footprint beyond Fenix Parts’ established presence in the Northeast, Southeast and Southwest markets. The acquisition of All Foreign is our first step towards establishing a Midwest presence as we develop significant production capacity and expand our total addressable market. We are excited about our expansion plans into other Midwest markets. I want to give a special welcome to the team at All Foreign. We sincerely look forward to working with you.”
Fenix Parts says it continues to pursue opportunities that align with its strategic development plans.