Company also forms partnerships to help repairers source recycled parts. Seeks to create sustainable repair facility certification program. Sustainable car insurance was the focus of the 10th Allianz Motor Day on October 19. Discussions at the international event hosted by global insurer Allianz centered on electric mobility as a key lever for decarbonization, as well […]
Fenix Parts Acquires Ohio Automotive Recycler
Acquisition marks Fenix Parts’ first acquisition in the Midwest. Fenix Parts announced it has completed its acquisition of the assets of All Foreign Used Auto Parts, Inc. in Columbus, Ohio. All Foreign is a full-service automotive recycling facility servicing the central Ohio market. This is Fenix Parts’ first acquisition in the Midwest. Bill Stevens, CEO […]
Fenix Parts Acquires Charlie’s Truck & Auto Parts
Fenix Parts announced today it has completed its acquisition of Charlie’s Truck & Auto Parts in Tomball, Texas. This is the fifth acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LP in April 2018. Charlie’s is a full-service automotive recycling facility servicing the greater Houston market. This […]
Automotive Recyclers Engage with Vehicle Manufacturers on Sustainability
The Automotive Recyclers Association (ARA) recognizes Earth Day on April 22 celebrating positive steps forward between the professional automotive recycling industry and automobile manufacturers in advancing environmental sustainability through the automotive supply chain. ARA’s recent efforts to engage auto manufacturers on the topic of sustainability and vehicle life cycle is highlighted in a new “Advocacy […]
Private Equity Firm American Pacific Group and Gray Eagle Capital Partners Launch Aesop Auto Parts with Wayne Auto Salvage Acquisition
American Pacific Group (APG), a San Francisco-based private equity firm, announced today that, together with Allam Taj and Christoph Ganz of Gray Eagle Capital Partners, it has formed Aesop Auto Parts, a company that will serve as a platform to acquire and grow progressive auto recycling businesses. Simultaneously, Aesop acquired Wayne Auto Salvage, an established […]
Team PRP and Gold Standard Certified Parts Announce Partnership
Team PRP, the nation’s largest group of independent automotive recyclers announced an expanded partnership with Gold Standard Certified Parts. Last year, the two groups announced a partnership on recycled suspension part certification. “Team PRP is very pleased to be in this strategic partnership with Gold Standard,” stated Mark Gamble, Team PRP’s Executive Director. “We hold […]
PSA Aftermarket Acquires Amanhã Global to Enter Used Parts Market
PSA Aftermarket, part of Peugeot S.A. (Group PSA), announced it has acquired a majority stake in Amanhã Global, the Porto, Portugal-based company and its e-commerce platform B-Parts.com for used parts. The acquisition aims to complete PSA Aftermarket’s conquest strategy in the circular economy, promoting recycled parts, providing repair parts needed to fix broken components, and […]
Automotive Recyclers Association Criticizes Subaru’s Position Against Recycled and Aftermarket Parts
The Automotive Recyclers Association (ARA) announced “extreme concern” with Subaru of America, Inc. position statements regarding parts choice. Subaru is defending the position statement. In Subaru’s position statement on Use of Aftermarket Substitute Parts on Subaru Vehicles, ARA contends that Subaru’s recommendation on the use of Subaru Genuine Parts in a Subaru Certified Collision Center […]
LKQ Corporation Announces ADAS Calibration Promise for Collision Repair Parts
Company states warranted parts suitable for vehicles equipped with advanced driver assistance systems. LKQ Corporation announced it is introducing its Promise of Calibration that warrants collision repair parts it sells are suitable for advanced driver assistance systems (ADAS) and will support proper calibration. The Promise of Calibration states: “LKQ Corporation warrants that all recycled OEM, […]
Team PRP and Gold Standard Suspension Parts Partner on Recycled Suspension Certification
Team PRP, the group of independent automotive recyclers, announced a strategic partnership with Gold Standard Suspension Parts, a certification lab headquartered in Naples, Fla. Gold Standard Suspension Parts has developed a certification process for recycled OEM suspension parts, creating a cost-effective solution for the automotive industry, thereby providing certified quality recycled OEM parts for the […]