Fenix Parts sells Canadian operations to former owner
By CRM staff Toronto, Ontario – March 13, 2019 — Fenix Parts, Goldy Metals, and Kenneth Gold announced the closing of a transaction pursuant to which Fenix sold its Canadian subsidiaries and their operations to Goldy for an undisclosed purchase price. The Canadian operations in Ontario, Canada will continue under Goldy ownership and will operate […]
Stellex Capital Management officially acquires Fenix, teams up with industry veterans
By CRM Staff Toronto, Ontario — April 20, 2018 — On April 18, Stellex Capital Management acquired recycler and reseller of OEM products, Fenix Parts.Bill Stevens will serve as CEO of the enterprise. Stevens has more than 25 years of experience in the auto recycling industry. In a discussion on the acquisition, he […]
Fenix reaches merger agreement with Stellex
By CRM Staff Toronto, Canada — March 1, 2018 — Fenix Parts, a leading recycler and reseller of OEM parts and automotive products, has announced it has agreed to a merger with Stellex Capital Management. Under the terms of the deal, a Stellex-controlled affiliate will acquire the company for $0.51 per share in cash […]
Upstate Shredding behind unsolicited Fenix offer
By CRM Staff Toronto, Ontario — February 22, 2018 — A week after an unsolicited deal to buy Fenix Parts from an unknown company came to light, both the name of the would-be buyer and the terms of the deal have gone public. Upstate Shredding, the second largest American recycler after LKQ, offered about […]
Tuesday Ticker: February 20, 2018
By Jeff Sanford Toronto, Ontario — February 20, 2018 — In this week’s Tuesday Ticker, a bid for outstanding Fenix shares takes the industry by surprise, steel prices spike, Boyd breaksrecords and much, much more! The stock market meltdown earlier this month seems to have given way to a less volatile period. Fund managers will […]
Tuesday Ticker: Bank of Canada hikes interest rates, Uni-Select releases earnings estimates
Toronto, Ontario — January 23, 2018 — In this week’s Tuesday Ticker, the BofC hikes rates, Uni-Select earnings estimates, Fenix Parts charts new course, and much, much more! The Bank of Canada (BOC) announced its latest interest rate hike this past week. The Canadian central bank raised rates a quarter point, the third time it […]
Tuesday Ticker: AkzoNobel talks to investors; Axalta acquires Plascoat
By Jeff Sanford Toronto, Ontario — August 21, 2017 — In this week’s Tuesday Ticker: AkzoNobel plays nice with shareholders, Axalta acquires the UK’s Plascoat Systems, Fenix Parts reports its latest results, dodgy loans for new cars have some analysts worried and much, much more! AkzoNobel -Dutch paint maker Akzo Nobel has been making up […]
Tuesday Ticker: Global stocks rise on first day of 2017 and AutoCanada nets positive attention
By Jeff Sanford Toronto, Ontario — January 2, 2017 — The financial news is starting to flow again after the slow down of the holidays. This time around we look at AutoCanada’s ongoing consolidation of the dealership business, Uni-Select’s expected earnings in 2017, and much, much more! – As the new year dawns a report […]
Fenix Parts reports loss, but improved business
By Jeff Sanford Toronto, Ontario — July 5, 2016 — Auto recycling conglomerate Fenix Parts has announced its first quarter 2016 results this past week. While the company reported a loss, the underlying business seems to be doing well. The company recorded a net loss of $41 million for the quarter, or $1.97 per share. […]
Under the hood: Inside the numbers at Fenix Parts
By Jeff Sanford Toronto, Ontario — November 24, 2015 — Newly minted publicly-traded recycling conglomerate Fenix Parts has been having a bit of a time convincing investors to get into the stock. The company went public in May at $11 a share. But over the past several months the price of shares has swooned, settling […]
