Fenix Parts, Inc. announced today the closing of the previously announced transaction to acquire Cox Truck and Van, Inc. (CTV). This is the first acquisition completed to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management LP in April 2018.
CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, Ga. and both full service and self service facilities in Moultrie, GA. The Georgia locations will be key additions to the Southeast supply chain at Fenix Parts.
Bill Stevens, CEO of Fenix Parts, said, “We are pleased to complete this transaction.