DALLAS El Fenix Corp., the 15-unit Dallas-Fort Worth Tex-Mex chain that has been family-owned since it opened in 1918, said it has retained a financial adviser to explore a possible sale or other recapitalization options.
The Martinez family has retained Southwest Securities Inc. as its financial adviser to explore a possible sale, merger or other financial move. “We’re looking at all options,” said John McBride Jr., executive vice president of El Fenix.
El Fenix also offers branded food products for retail sale at each location, on its website and at some regional grocery chains.
Southwest Securities, a subsidiary of SWS Group Inc., said the company did not want to disclose annual systemwide sales.