M&A Deal Summary

Fenix Parts Acquires Tri-City Auto Salvage

On October 9, 2015, Fenix Parts acquired automotive company Tri-City Auto Salvage for 7M USD

Acquisition Highlights
  • This is Fenix Parts’ 2nd transaction in the Automotive sector.
  • This is Fenix Parts’ 2nd largest (disclosed) transaction.
  • This is Fenix Parts’ 3rd transaction in the United States.
  • This is Fenix Parts’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2015-10-09
Target Tri-City Auto Salvage
Sector Automotive
Buyer(s) Fenix Parts
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Tri-City Auto Salvage

Greensboro, North Carolina, United States
Tri-City Auto Salvage, Inc. is a recycler and reseller of original equipment manufacturer (“OEM”) automotive products.

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Buyer(S) 1

Buyer

Fenix Parts

Hurst, Texas, United States

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 3 of 20
Sector (Automotive) 2 of 18
Type (Add-on Acquisition) 3 of 19
State (North Carolina) 2 of 2
Country (United States) 3 of 20
Year (2015) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Butler Auto Sales and Parts

Forest City, North Carolina, United States

Butler Auto Sales and Parts, Inc. distributor of automotive parts.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Fenix Parts - Canadian Operations of Recycling & Reselling OEM Automotive Products

Westchester, Illinois, United States

Fenix Parts, Inc. - Canadian Operations is a recycler and reseller of OEM automotive products.

Sell -