M&A Deal Summary

Stellex Capital Management Acquires Fenix Parts

On April 18, 2018, private equity firm Stellex Capital Management acquired automotive company Fenix Parts

Acquisition Highlights
  • This is Stellex Capital Management’s 1st transaction in the Automotive sector.
  • This is Stellex Capital Management’s 4th transaction in the United States.
  • This is Stellex Capital Management’s 2nd transaction in Texas.

M&A Deal Summary
Date 2018-04-18
Target Fenix Parts
Sector Automotive
Buyer(s) Stellex Capital Management
Deal Type Going Private

Target

Fenix Parts

Hurst, Texas, United States
Fenix Parts is a recycler and reseller of OEM automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components, and systems reclaimed from damaged, totaled, or low-value vehicles. Fenix Parts was established in 2014 and is based in Hurst, Texas.

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Buyer(S) 1

Buyer

Stellex Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.

DEAL STATS #
Overall 6 of 28
Sector (Automotive) 1 of 1
Type (Going Private) 1 of 1
State (Texas) 2 of 4
Country (United States) 4 of 22
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Dominion Hospitality

Attleborough, United Kingdom

Dominion Hospitality owns and operates hotels and properties that are primarily located in smaller towns and the countryside throughout the south of England, providing tourists with affordable accommodation to complement their travel plans. Dominion Hospitality was founded in 2016 and is headquartered in Attleborough, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Grammer Logistics

Columbus, Indiana, United States

Grammer Logistics is a transportation hauler of bulk hazardous liquids serving the eastern half of the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. Grammer Logistics is based in Columbus, Indiana.

Buy -
Mergr

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