Hurst, Texas-based Fenix Parent LLC, operating as Fenix Parts, a leading recycler and reseller of original equipment manufacturer automotive parts, has announced completed its acquisition of the assets of Reno's Auto Parts, Hillsboro, Ohio. This is Fenix Parts’ third acquisition in the Midwest, giving the company 21 full-service and four self-service locations.
Reno's is a full-service automotive recycler servicing the Cincinnati and Dayton markets.
Bill Stevens, CEO of Fenix Parts, says, “This acquisition expands our distribution footprint into Cincinnati and Dayton and adds significant production capacity to our Midwest region that will drive incremental sales at our Columbus and Cleveland locations.”
Earlier this year, Fenix purchased the assets of A&P Auto Parts and U-Pull U-Save Auto Parts in central New York.
Fenix was founded in 2014 to create a network that offers sales, fulfillment and distribution in key regional markets in the United States. Fenix currently operates in the Northeast, Southeast, Southwest, and Midwest, and the Fenix companies have been in business for more than 25 years on average. For more information, visit.
Fenix has been owned by affiliates of Stellex Capital Management LLC since 2018. With offices in New York, Detroit, Pittsburgh and London, Stellex is a private equity firm with over $2.6 billion in assets under management.
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