Fenix Parent LLC, operating as Fenix Parts, recycler and reseller of original equipment manufacturer automotive parts, announced it completed its acquisition of the assets of Fox Auto Parts (“Fox”) in Belleville, Michigan. This is the largest acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LLC (“Stellex”) in April 2018, the company says.
Fox is a full-service and self-service automotive recycler and auto repair facility servicing the Detroit, Ann Arbor, and Northern Ohio markets. This is Fenix Parts’ fifth acquisition in the Midwest, bringing its location count to 23 full-service and 5 self-service locations, the company says.
The company also announced that Bill Fox has been named vice president of purchasing and Bob Fox will take on the role of Midwest regional vice president of Fenix Parts.
“We are thrilled to announce the acquisition of Fox and excited about the addition of its experienced and talented team to the Fenix family,” said Bill Stevens, CEO of Fenix Parts. “This acquisition expands Fenix’s existing footprint in Michigan, adding both full and self-service operations, and adds significant production and distribution capacity. In aggregate, the Detroit, Ann Arbor, and Toledo areas’ population totals 5.4 million, providing significant demand for our parts. We will be servicing our customers from the Belleville and Sterling Heights locations.”
“I want to give a special welcome to the incredible team at Fox. Bill and Bob are among the most progressive automotive recyclers and have done an excellent job managing Fox and its industry-leading performance. We look forward to their commitment in adding significant value to Fenix as we continue to grow our business,” added Stevens.
