M&A Deal Summary

Fenix Parts Acquires Neal

On April 9, 2024, Fenix Parts acquired automotive company Neal

Acquisition Highlights
  • This is Fenix Parts’ 18th transaction in the Automotive sector.
  • This is Fenix Parts’ 20th transaction in the United States.
  • This is Fenix Parts’ 2nd transaction in Illinois.

M&A Deal Summary
Date 2024-04-09
Target Neal
Sector Automotive
Buyer(s) Fenix Parts
Deal Type Add-on Acquisition

Target

Neal

Peoria, Illinois, United States
website
Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people. Neal is based in Peoria, Illinois.

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Buyer(S) 1

Buyer

Fenix Parts

Hurst, Texas, United States

website

Category Company
Founded 2014
Sector Automotive
Employees665
Revenue 69M USD (2015)
DESCRIPTION

Fenix Parts is a 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 Parts was established in 2014 and is based in Hurst, Texas.

DEAL STATS #
Overall 20 of 20
Sector (Automotive) 18 of 18
Type (Add-on Acquisition) 19 of 19
State (Illinois) 2 of 2
Country (United States) 20 of 20
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Green Auto Parts & Recycling

Sun Valley, California, United States

Green Auto Parts & Recycling is a full-service automotive recycler servicing. Green Auto Parts & Recycling is based in Sun Valley, California.

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