Cox Truck and Van Acquisition

Fenix Parts to Acquire Assets of Cox Truck and Van

Cox Truck and Van, founded in 1977, operates a full-service auto recycling facility in Gainesville, Georgia, and full-service and self-service facilities in Moultrie, Georgia.

Fenix Parts, a Hurst, Texas-based recycler and reseller of OEM automotive products, announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van. 

The companies expect the acquisition to be completed in July.

Cox Truck and Van (CTV), founded in 1977, operates a full-service auto recycling facility in Gainesville, Georgia, and full-service and self-service facilities in Moultrie, Georgia. The Georgia locations will be key additions to the Southeast supply chain at Fenix Parts.

“We are pleased to announce this agreement with CTV,” said Bill Stevens, CEO of Fenix Parts. “We look forward to welcoming CTV to Fenix Parts and are excited to work with this highly talented team. CTV is a high-quality auto recycler whose strategic locations will allow us to expand our distribution, dismantling, warehouse and yard capacity in the Southeast region. Their strong leadership and company culture are an excellent fit for Fenix Parts.”

This acquisition represents the first addition to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management in April 2018.

“We are very humbled and excited to bring our family business into the Fenix Parts fold,” Joey, Jason and Randy Cox of CTV said in a news release. “We look forward to contributing to the great success Fenix Parts has achieved in the Southeast region.”

You May Also Like

Transtar Forms NexaMotion Group

Transtar Holding Co. President and CEO Neil Sethi will lead NexaMotion Group.

Transtar Holding Co. announced the formation of NexaMotion Group.

“NexaMotion Group will include the automotive aftermarket businesses that serve automotive professionals with best-in-class parts through distribution excellence and e-commerce solutions,” according to Cleveland-based Transtar.

The new group will include Transtar Industries, Transend, C&M Auto Parts, King-O-Matic, TransMart, RECON and Pro-King Automotive Products.

Monro, The Group Announce National Supply Agreement

The national supply program will begin in several pilot areas and will expand throughout the country in future weeks.

Advance to Spin Off Worldpac as Company Reports Operating Loss

Advance also will divest its Canadian business and announced a $150 million cost-reduction program.

Fenix Parts Completes Acquisition of Brothers Auto Parts

Brothers is a full-service automotive recycler servicing the Indianapolis market.

Carquest by Advance Opens New Store in Virginia

It’s the fourth Carquest store owned by Magee Auto Parts LLC.

Other Posts

Fisher Auto Parts Acquires Berrodin Parts Warehouse

Berrodin Parts Warehouse has nine warehouse locations throughout Southeastern Pennsylvania and Northern Delaware.

Advance Shakes Up Executive Team, Launches Strategic Review

Former Home Depot exec Shane O’Kelly will take over as president and CEO effective Sept. 11.

Arnold Motor Supply Acquires Barron Motor Supply

Both century-old companies will combine to expand services for the Eastern Iowa market.

Mergers and Acquisitions Automotive Aftermarket
DealerShop Acquires Jobbers Automotive

Jobbers Automotive offers automotive paint, janitorial supplies, body shop equipment, bulk oil and WeatherTech products.