Fenix Parent LLC, operating as Fenix Parts a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Stafford’s Auto Parts (“Stafford’s”) in Montgomery, Illinois.

Stafford’s is a full-service automotive recycler servicing the Chicago market. This is Fenix Parts’ seventh acquisition in the Midwest and brings Fenix’s location count to 25 full-service and 5 self-service locations.

Bill Stevens, CEO of Fenix Parts, said, “We are pleased to announce the acquisition of Stafford’s and excited about the addition of its experienced and talented team to the Fenix family. This acquisition continues our Midwest footprint expansion westward and leverages our existing distribution network. With a location servicing the Chicago market, Fenix gains distribution access to the Midwest’s largest metropolitan area and the ability to leverage our 75+ acres of Midwest full-service production capacity.”

Stevens added, “I want to give a special welcome to the Stafford’s team. Stafford’s has been in the auto recycling business for almost half a century, and we are excited to have the team join Fenix to help us continue to grow in the Midwest.”

Fenix Parts continues to pursue opportunities that align with its strategic development plans. Current auto recycling owners interested in learning more about Fenix’s acquisition process should email info@fenixparts.com.

 

Source:businesswire.com

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