Photo courtesy iStock
Fenix Parts, a recycler and reseller of automotive parts in Hurst, Texas, has acquired the assets of University Auto Recyclers in Pensacola, Florida.
“We are excited for our team to join Fenix Parts,” says Bryan Minchew, owner of University Auto Recyclers. “The growth opportunity for employees is endless, and we will be able to serve our customers with even more parts. It’s a win-win for everyone involved.”
University Auto Recyclers is a full-service automotive recycling facility that provides service in the Florida panhandle, along with Alabama and Mississippi.
According to a news release from Fenix, this acquisition represents the company’s third location in Florida and is an important addition to its Southeast supply chain and distribution network.
“This acquisition expands Fenix Parts’ Southeast footprint, adding significant production capacity and increasing our total addressable market,” says Bill Stevens, CEO of Fenix Parts.
Fenix Parts says it continues to pursue opportunities that align with its strategic development plans. Current auto recycling owners interested in learning more about Fenix’s acquisition process can email info@fenixparts.com.
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