Fenix Parts, a leading recycler and reseller of OEM automotive parts, announced it has completed its acquisition of the assets of A&P Auto Parts and U-Pull U-Save Auto Parts in central New York.
This is the largest acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LLC in April 2018.
A&P is a full-service automotive recycler servicing the Syracuse and Rochester markets with locations in Cicero and Palmyra. U-Pull U-Save is a self-service automotive recycler servicing the Syracuse market with a location in East Syracuse.
“We are thrilled to announce the acquisition of A&P and their sister company U-Pull U-Save,” said Bill Stevens, CEO of Fenix Parts. “We are excited about the addition of its experienced and talented team to the Fenix family. This acquisition expands Fenix’s existing footprint in New York, adding both full and self-service operations, and further solidifies our industry-leading Northeast position. I want to give a special welcome to the incredible team at both A&P and U-Pull U-Save. We sincerely look forward to working with you.”
William Abold, owner of A&P, added: “The Abold family of companies, A&P Auto Parts, A&P Auto Parts Rochester and U-Pull U-Save are proud to join the Stellex sponsored Fenix organization. The infrastructure, dedication to succeed, leading-edge technology, and professionalism of Fenix and its officers and employees is truly impressive. It reinforces our family’s decision that our employees will have a prosperous future with endless growth opportunities. The future will be very exciting for our team as they grow within the most efficient operations in this industry.”
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 [email protected].
