Stellex-backed Fenix Parts buys American & Import Auto Parts

Fenix Parts is a recycler and reseller of original equipment manufacturer automotive parts.

  • This is Fenix Parts’ fourth acquisition in the Midwest
  • The deal brings Fenix’s location count to 22 full-service and 4 self-service locations
  • Stellex has over $2.6 billion in assets under management

Fenix Parts, which is backed by Stellex Capital Management, has acquired American & Import Auto Parts, an automotive recycler based in Sterling Heights, Michigan. No financial terms were disclosed.

Fenix Parts is a recycler and reseller of original equipment manufacturer automotive parts.

This is Fenix Parts’ fourth acquisition in the Midwest and brings Fenix’s location count to 22 full-service and 4 self-service locations.

Bill Stevens, CEO of Fenix Parts, said in a statement, “We are pleased to announce the acquisition of American and look forward to working with the well-trained and experienced staff. This acquisition expands our distribution footprint into the metro Detroit area and will leverage our significant production capacity in the Midwest region. I want to give a special welcome to the team at American, we sincerely look forward to working with you.”

Stellex has over $2.6 billion in assets under management.