Connect with us

Business

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.

Advertisement

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. 

Advertisement
Click Here to Read More
Advertisement

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.”

Advertisement
Click to comment

Icahn Automotive To Split Into 2 Companies: Parts And Service

O’Reilly Automotive To Acquire Mayasa Auto Parts In Guadalajara, Mexico

FleetPride Expands Footprint with 2 New Locations

Auto-Wares Expands in Michigan with Purchase of Romeo Motor Parts

Advertisement

POPULAR POSTS

Sponsored Content

Things To Consider When Choosing The Right Transmission Treatment For Your Customers

Sponsored Content

What’s That Noise? Explaining Water Pump Noises To Your Customers

Sponsored Content

Why Spark Plug Metallurgy Matters

Sponsored Content

Do Water-Pump Lubricants Really Work?

Connect