Auto Industry Veterans Team Up with Stellex Capital Management to Acquire Fenix Parts
FENIX PARTS (FENX)
US:NASDAQ Investor Relations:
ir.fenixparts.com
Company Research
Source: Business Wire
A seasoned operating team will oversee the investment and growth of Fenix and its subsidiaries NEW YORK & LONDON--(BUSINESS WIRE)-- Fenix Parts, Inc. (“Fenix”) (OTCMKTS:FENX), a leading recycler and reseller of OEM automotive products operating through the Eastern U.S. and in Ontario, Canada, was today acquired by a group of auto industry veterans in partnership with Stellex Capital Management (“Stellex”), a middle market private equity firm with offices in New York and London. The financial terms of the investment were not disclosed. Bill Stevens, a seasoned executive with more than 25 years of experience in the auto recycling industry, will serve as CEO of the new enterprise. In discussing the acquisition, Stevens noted, "We are very excited about this opportunity because there are a number of high quality operators in the company. Together, they create a strong growth opportunity utilizin
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