Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts”), a leading recycler and reseller of original equipment manufacturer automotive parts, announced it has completed its acquisition of the assets of A&P Auto Parts and U-Pull U-Save Auto Parts (“A&P” and “U-Pull U-Save”) 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 (“Stellex”) in April 2018.
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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.
Bill Stevens, CEO of Fenix Parts, said, “We are thrilled to announce the acquisition of A&P and their sister company U-Pull U-Save. 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.”
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William Abold, owner of A&P, said, “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.”
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