PE-backed Fenix Partners acquires Keiffer assets

Fenix Partners has acquired the assets of Canton, Ohio-based Keiffer Auto Recyclers LLC, an automotive recycling facility.

Fenix Partners has acquired the assets of Canton, Ohio-based Keiffer Auto Recyclers LLC, an automotive recycling facility. No financial terms were disclosed. Fenix Parts is backed by Stellex Capital Management.

PRESS RELEASE

HURST, Texas–(BUSINESS WIRE)–Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts”), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Keiffer Auto Recyclers, LLC (“Keiffer”) in Canton, Ohio.

Keiffer is a full-service automotive recycling facility servicing the northeast Ohio market. This is Fenix Parts’ second acquisition in the Midwest.

Bill Stevens, CEO of Fenix Parts, said, “We are pleased to announce the acquisition of Keiffer in Canton, Ohio and are excited about the addition of its experienced and talented team to the Fenix family. The acquisition of Keiffer, and our recently announced acquisition of All Foreign Used Auto Parts in Columbus, Ohio, establishes Fenix’s Midwest presence. These two locations in Ohio provide significant production capacity, and an established footprint and customer base as we pursue additional Midwest expansion opportunities. I want to give a special welcome to the team at Keiffer. We sincerely look forward to working with you.”

About Fenix Parts
Fenix Parts, Inc. is a leading recycler and reseller of OEM automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components, and systems reclaimed from damaged, totaled or low value vehicles. 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 locations in the Northeast, Southeast, Southwest, and Midwest, and the Fenix companies have been in business for more than 25 years on average.

About Stellex Capital Management LLC
With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $2.6 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight and access to capital. Sectors of particular focus include specialty manufacturing, industrial and business services, aerospace & defense, automotive, and government services. Additional information may be found at www.stellexcapital.com.