Fenix Parent LLC, operating as Fenix Parts, a recycler and reseller of original equipment manufacturer automotive parts, has completed its acquisition of the assets of New England Auto & Truck Recyclers in Winchendon Massachusetts. This is the fourth acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LP in April 2018.
NEATR is a full-service automotive recycling facility servicing the greater New England markets.
Bill Stevens, CEO of Fenix Parts, said, “We are thrilled to announce the acquisition of NEATR in Winchendon Massachusetts and are excited about the addition of its experienced and talented team to the Fenix family. This acquisition expands Fenix Parts’ existing footprint in the Northeast region, adding significant production capacity and increasing our total addressable market into New England. I want to give a special welcome to the incredible team at NEATR, we sincerely look forward to working with you.”