Copart To Replace Dr Pepper Snapple Group In S&P 500
New York, NY June 28, 2018 – S&P MidCap 400 constituent Copart Inc. will replace Dr Pepper Snapple Group Inc. (DPS) in the S&P 500, effective prior to the open of trading on Monday, July 2. The US company, which operates auto recycling facilities and auto salvage auctions, will join the benchmark before the start […]
Stellex Capital Management officially acquires Fenix, teams up with industry veterans
By CRM Staff Toronto, Ontario — April 20, 2018 — On April 18, Stellex Capital Management acquired recycler and reseller of OEM products, Fenix Parts.Bill Stevens will serve as CEO of the enterprise. Stevens has more than 25 years of experience in the auto recycling industry. In a discussion on the acquisition, he […]
2018 OARA conference highlights
By CRM Staff Markham, Ontario — March 27, 2018 — On Thursday, March 22, more than 350 auto recyclers came together for the Ontario Auto Recyclers Association (OARA) conference. The three-day event was the best-attended OARA conference in the organization’s history. Opening with an executive meeting on Thursday evening where the 2018 board was chosen, […]
Fenix reaches merger agreement with Stellex
By CRM Staff Toronto, Canada — March 1, 2018 — Fenix Parts, a leading recycler and reseller of OEM parts and automotive products, has announced it has agreed to a merger with Stellex Capital Management. Under the terms of the deal, a Stellex-controlled affiliate will acquire the company for $0.51 per share in cash […]
Upstate Shredding behind unsolicited Fenix offer
By CRM Staff Toronto, Ontario — February 22, 2018 — A week after an unsolicited deal to buy Fenix Parts from an unknown company came to light, both the name of the would-be buyer and the terms of the deal have gone public. Upstate Shredding, the second largest American recycler after LKQ, offered about […]
Premiere Services wants to help keep claims ‘green’
By Erin McLaughlin Toronto, Ontario — October 26, 2017 — The year was 1991 when Mark Puente’s stereo was stolen from his car. His insurance carrier paid him for his loss, but he was on his own to get it replaced. He knew there had to be a better way. The experience led him to found […]
Registration opens for 74th Annual ARA Convention and Exposition
Manassas, Virginia — June 21, 2017 — Registration is now open for the 74th Annual ARA Convention and Exposition taking place November 1 to 4, 2017 in Dallas, Texas. A statement from ARA says this year’s event is expected to draw auto recyclers and vendors from around the world. The Automotive Recyclers of Canada is […]
OARA creates community through scholarship program
By Josh White London, Ontario — June 22, 2017 — The Ontario Automotive Recyclers Association (OARA) has chosen 23 recipients for its annual scholarship program. Since 2010, OARA has provided scholarships for individuals planning on pursuing a full-time post-secondary education program. The program has offered financial aid for hundreds of students over its eight years, […]
ARPAC launches 3RV initiative to support investment
Saint-Jérôme, Quebec — June 22, 2017 — ARPAC, Quebec’s provincial auto recycling association, has announced a new initiative to support the ongoing investments required to reduce the environmental footprint of end-of-life vehicles. The initiative takes the form of a small surcharge added to all invoices at the association’s 34 member facilities. The charges are […]
Insurance Auto Auctions opens new Portland branch
Westchester, Illinois — June 7, 2017 — Insurance Auto Auctions, a business unit of KAR Auction Services, has announced the grand opening of IAA Portland West today. This is the company’s newest branch in Portland, Oregon and marks IAA’s third facility in the state, with additional branches in Portland and Eugene. This new facility expands the […]
