Fenix Parts adds to Midwest locations

Fenix Parent LLC, operating as Fenix Parts, Hurst Texas, has completed its acquisition of the assets of Neal Auto Parts in Peoria, Illinois.

Fenix’s eighth acquisition in the Midwest, Neal is an automotive recycler servicing central Illinois, which has a population of approximately 1.3 million people. The purchase brings Fenix to 27 full-service and five self-service locations.

Earlier in April, Fenix announced its expansion into California with the purchase of Green Auto Parts & Recycling in Sun Valley, California.

“We are pleased to announce the acquisition of Neal and excited about the addition of its experienced and talented team to the Fenix family," Fenix CEO Bill Stevens says. "This acquisition continues our Midwest footprint expansion westward with close proximity to both our Chicago location and new Indianapolis hub and allows us the opportunity to leverage our 85-plus acres of Midwest full-service production capacity.”

Neal has been in the auto recycling business for almost 75 years.

Fenix Parts, a leading recycler and reseller of original equipment manufacturer automotive products, was acquired by affiliates of New York-based Stellex Capital Management LLC in April 2018 and continues to pursue acquisition opportunities that align with its strategic development plans. The company operates locations in the Northeast, Southeast, Southwest, Midwest and Southern California, with Fenix companies having been in business for more than 25 years on average.