# Stellex Capital Management to acquire Fenix Parts for $8.1M

Fenix Parts' board agreed to accept an $8.1 million acquisition bid from private equity firm Stellex Capital Management, pending shareholder approval.

- Type: Acquisition
- Announced: 2018-02-28
- Where: United States
- Value: $8.10M
- Status: announced
- Products: automotive recycling services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellex Capital Management](https://endata.com/companies/5668.md) (acquirer)
- [Fenix Parts](https://endata.com/companies/30713.md) (target)

## Sources

- [repairerdrivennews.com](https://www.repairerdrivennews.com/2018/03/12/fenix-parts-board-backs-8-1m-bid-from-private-equity-firm-stellex-capital-management/), 2018-03-12: "Rejecting a more than $10 million bid by a scrap metal facility as too uncertain and unrealistic, Fenix Parts’ leadership announced Feb. 28 it had agreed to accept a $8.1 million deal from a private equity company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.