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 […]
Fenix Parts Announces Fourth Quarter and Full Year 2015 Results
Fenix Parts, Inc. (NASDAQ: FENX) announced fourth quarter and full year 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in May 2015, an acquisition (Ocean County Auto Wreckers) in August 2015 and two additional acquisitions (Butler Auto Sales and Parts and Tri-City Auto Salvage) in October 2015. Consolidated revenues […]
Fenix Parts Announces Third Quarter 2015 Results
Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced third quarter and year-to-date 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in mid-May 2015, and another acquisition, of Ocean County Auto Wreckers in August 2015. The accompanying financial statements include results of Fenix Parts, as a standalone entity for the […]