Penix Parent LLC, operating as Fenix Parts, a recycler and reseller of original equipment manufacturer automotive parts, announced its acquisition of Assured Auto Parts, in San Antonio, Texas. This move is a key step in Fenix Parts’ efforts to grow its presence in the State of Texas and better serve its customers in a thriving market.

Assured’s solid reputation and deep roots in San Antonio - a city experiencing strong economic growth and diverse automotive needs - create an expansion opportunity for Fenix Parts. With Assured on board, Fenix Parts is enhancing its offerings and aiming to solidify its position as an automotive recycling industry leader.

“We are incredibly excited to welcome Assured Auto Parts into the Fenix Parts family,” said Bill Stevens, CEO of Fenix Parts. “This acquisition broadens our geographic reach and enhances our ability to support customers in the State of Texas. We believe San Antonio and Austin’s dynamic and growing automotive market presents incredible opportunities. Fenix is eager to leverage Assured’s talented team and geographically advantaged location to deliver more options for consumers in both cities.”

Stevens added, “I want to give a warm welcome to everyone at Assured Auto Parts. We look forward to what we will achieve together.”