WESTCHESTER, Ill., May 14, 2015 (GLOBE NEWSWIRE) -- Fenix Parts, Inc. (Nasdaq:FENX), a leading recycler and reseller of original equipment manufacturer ("OEM") automotive products, announced today the pricing of its initial public offering of 12,000,000 shares of its common stock at a price to the public of $8.00 per share. All of the shares of common stock are being offered by Fenix Parts. In addition, Fenix Parts has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock to cover over-allotments, if any. The shares of common stock are expected to begin trading on the Nasdaq Global Market on Thursday, May 14, 2015, under the symbol "FENX."
BMO Capital Markets and Stifel are acting as Joint Book-Running Managers for the offering. BB&T Capital Markets and Barrington Research are acting as Co-managers.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained from BMO Capital Markets Corp., 3 Times Square, New York, NY 10036, Attention: Equity Syndicate Department, Telephone: (800) 414-3627, Email:email@example.com.
About Fenix Parts
Fenix Parts is a leading recycler and reseller of original equipment manufacturer ("OEM") automotive products. The company's primary business is auto recycling, which is the recovery and resale of OEM parts, components and systems reclaimed from damaged, totaled or low value vehicles. Customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. Fenix provides its customers with high-quality recycled OEM products, extensive inventory and product availability, responsive customer service and fast delivery.
Fenix was founded in January 2014 to combine eight Founding Companies and create a network that offers sales, fulfillment and distribution in key regional markets in the United States and Canada. The Founding Companies have been in business an average of 25 years and operate from 13 locations.
CONTACT: At Fenix Parts: Scott Pettit Chief Financial Officer firstname.lastname@example.org Investor and Media Inquiries: Chris Kettmann Clermont Partners 312-690-6002 email@example.comSource:Fenix Parts, Inc.