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Fenix Parent LLC completes acquisition of Green Auto Parts & Recycling

Apr 04, 2024•over 1 year ago

Acquiring Company

Fenix Parts

Acquired Company

Green Auto Parts & Recycling

HurstSun ValleyMotor Vehicle ManufacturingAutomotive

Description

Fenix Parent LLC, operating as Fenix Parts, has successfully completed the acquisition of the assets of Green Auto Parts & Recycling in Sun Valley, California. This acquisition strategically establishes Fenix’s presence on the West Coast and strengthens its position in the automotive parts recycling industry.

Company Information

Company

Fenix Parts

Location

Hurst, Texas, United States

About

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, and Southwest and the Fenix companies have been in business for more than 25 years on average.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed