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 […]
Fenix Parts to Acquire Cox Truck and Van
Fenix Parts, Inc. today announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van, Inc. (CTV). The parties expect the acquisition to be completed in July. CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, GA and both full service and self […]
Fenix Parts Sells Canadian Operations to Former Owner
Fenix Parts, Inc., Goldy Metals Incorporated and Kenneth Gold today announced the closing of a deal for Fenix to sell its Canadian subsidiaries to Goldy for an undisclosed purchase price. The operations in Ontario, Canada will continue under Goldy ownership and will operate as “Standard Auto Wreckers.” Fenix retains its existing business in the United […]
Fenix Parts Stockholders Approve Merger Agreement
Fenix Parts, Inc. (Pink Sheets:FENX) announced that its stockholders approved the previously announced merger agreement with Stellex Capital Management LP at a special meeting of stockholders held earlier April 9. According to the company, approximately 92 percent of voting Fenix Parts stockholders cast their votes in favor of the merger, representing approximately 63 percent of […]
Fenix Parts Begins Proxy Solicitation for Merger
Fenix Parts, Inc. (Pink Sheets:FENX) announced that proxy materials have been mailed to stockholders of record as of the close of business on February 27, in order to allow them to vote on the proposed merger with an affiliate of Stellex Capital Management LP that was announced last month. A copy of the proxy statement […]
Fenix Parts Acquired by Stellex Capital Management
Private equity firm will pay over $8 million in cash for shares and assume $40 million in liabilities. Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today announced that it has entered into a merger agreement with the private equity firm Stellex Capital Management LP. Under the agreement, a Stellex-controlled affiliate will acquire the company […]
Fenix Parts Confirms Receipt of Offer from Upstate Shredding
Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding, LLC to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside of the company’s previously announced strategic alternatives process, which is being managed by Stifel. […]
Fenix Parts Stock Delisted from NASDAQ
Fenix Parts, Inc. announced that the company’s common shares commenced trading on the OTC Pink Sheets market operated by the OTC Markets Group Inc., under the symbol “FENX.” The company recently received a letter from the Nasdaq Hearings Department notifying the company that trading in its shares on the Nasdaq Stock Market would be suspended […]
Fenix Parts Files Third Quarter 2016 Earnings Late, Will Evaluate Strategic Alternatives
Late filing leads to default under credit facility, hires firm to evaluate strategic alternatives Fenix Parts, Inc. (NASDAQ:FENX) announced third quarter 2016 results on March 28. Consolidated net revenues of Fenix Parts were $32.5 million for the third quarter of 2016, compared to $34.2 million in the second quarter of 2016, and $32.2 million on […]
Fenix Parts Reports Revenue Up in Q1
Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced Consolidated net revenues of Fenix Parts were $32.8 million for the first quarter of 2016 compared to $30.2 million in the fourth quarter of 2015 and $31.4 million on a combined pro forma basis in the first quarter of 2015. Sales of recycled OEM products were $28.8 […]