Fenix Parent LLC, a recycler of original equipment manufacturer automotive parts in Hurst, Texas, operating as Fenix Parts LLC, announced it has acquired the assets of Charlie’s Truck & Auto Parts in Tomball, Texas. This is the fifth acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LP in 2018.
According to a news release from Fenix, Charlie’s is a full-service automotive recycling facility servicing the Houston market. This acquisition represents Fenix Parts’ second location in Texas and a key addition to its Southwest supply chain and distribution network.
“Fenix Parts is a Texas-headquartered company, and we have been working on expanding our Texas footprint beyond the Dallas-Fort Worth market,” says Bill Stevens, CEO of Fenix Parts. “The acquisition of Charlie’s is our first step in executing this plan as we develop significant production capacity at this location and expand our total addressable market into Houston. We are excited about our expansion plans into other Texas markets.”
Current auto recycling owners interested in learning more about Fenix’s acquisition process should email email@example.com.