Fenix Parts acquires Pacific Rim Auto Parts

Fenix Parent LLC, operating as Fenix Parts, a Hurst, Texas-based recycler and reseller of original equipment manufacturer (OEM) automotive parts, has completed its acquisition Pacific Rim Auto Parts’ assets in Fort Worth, Texas. Pacific is a specialty automotive recycler focused on e-commerce parts listings and sales.

“We are pleased to announce the acquisition of Pacific and welcome the talented team to Fenix,” Fenix Parts CEO Bill Stevens says. “We are excited about the opportunity to leverage Pacific’s specialty vehicle acquisition expertise with Fenix’s experience recycling hybrid vehicles. Our plan is for the Pacific team to focus on specialty, hybrid and electric vehicle recycling utilizing e-commerce sales channels.”

Fenix Parts, backed by Stellex Capital Management LLC, is a leading recycler and reseller of OEM automotive products. The company’s primary business is recovering and reselling OEM parts, components and systems reclaimed from damaged, totaled or low-value vehicles. The company was founded in 2014 to create a network that offers sales, fulfillment and distribution in key regional markets in the United States. Fenix operates locations in the Northeast, Southeast, Southwest and Midwest, and Fenix companies have been in business for more than 25 years on average.

The Pacific Rim purchase follows that of Stafford’s Auto Parts, Montgomery, Illinois, which was announced in January. That purchase marked Fenix Parts’ seventh acquisition in the Midwest.

With offices in New York, Detroit, Pittsburgh and London, Stellex Capital is a private equity firm that seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing.