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Venerable El Fenix chain considers a sale

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.

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