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From ashes to auto parts: Fenix Parts files for a $100 million IPO

April 8, 2015
FENX

Fenix Parts, a recently formed rollup of eight recycled auto parts providers, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Miami, FL-based company, which was formed in 2014 and booked $108 million in pro forma sales for the 12 months ended December 31, 2014, plans to list on the NASDAQ under the symbol FENX. Fenix Parts initially filed confidentially on December 5, 2014. BMO Capital Markets and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.