May 5, 2026 – Matrix Capital Markets Group, a division of Citizens, has advised Atkinson Oil Company, LLC, an affiliate of Jet Food Stores of Georgia, Inc., on its sale to Colonial Oil Industries, Inc. Atkinson Oil is a leading distributor of commercial fuels and lubricants across Georgia and also operates an emergency fueling business across the Eastern and Southern United States.

Atkinson Oil traces its roots to 1987 with the purchase of Pittman Oil, a single-truck fuel distributor and full-service gas station and tire center operator in Sandersville, Georgia. The Company experienced significant growth in the subsequent decades, both organically and through strategic acquisitions, including Kay Oil Company, Hammock Oil Company, and Producers Petroleum. During this period, Atkinson Oil also divested its service station operations to focus on its core fuel distribution platform.

In 2016, Jet Food Stores acquired Atkinson Oil and invested significantly in the business, expanding its distribution capabilities and adding complementary offerings, including Total-branded lubricants distribution and a disaster relief business providing emergency fuel supply to areas impacted by natural disaster events.

At the time of its sale, Atkinson Oil served nearly 500 commercial fuels and lubricants customers in Georgia and ranked among the largest Total-branded lubricants distributors in the country. Jet Food Stores will use the proceeds from the transaction to reinvest and grow its premier convenience store business.

Matrix provided merger and acquisition advisory services to Atkinson Oil, including valuation advisory and the execution of a confidential, structured sale process. The transaction was managed by Vance Saunders, CPA, Managing Director, Kyle Tipping, CFA, Vice President, and Ethan Sannes, Analyst.

Clint Hancock, President of Jet Food Stores, commented, “I want to first thank Michael Atkinson for his outstanding leadership over the past ten years during our ownership of the company. Michael and the entire Atkinson Oil team have built a best-in-class organization, and we are deeply grateful for their dedication, hard work, and commitment to serving customers every day. We are also excited to watch the Atkinson Oil employees continue to grow and thrive as part of the Colonial Oil organization. Colonial is a family-owned business that closely aligns with our own values and culture, with a shared commitment to treating both employees and customers in a truly best-in-class manner.”

Regarding Matrix’s services, Mr. Hancock noted, “The Matrix team, led by Vance, Kyle, and Ethan, provided outstanding advisory services. Their professionalism, deep market knowledge, and disciplined process were evident at every step – from evaluation and marketing through executing a complex asset purchase agreement and closing. Matrix clearly understands the market, and their process delivered several competitive offers and an exceptional outcome.”

Mr. Saunders added, “It was a pleasure working with Clint, Michael Atkinson, and the entire Atkinson Oil team on this transaction. They have built a highly attractive platform, combining their expertise in fuels and lubricants distribution with differentiated disaster relief capabilities. We are incredibly honored to have represented them on this transaction and look forward to Atkinson’s continued growth under Colonial’s ownership.”

Michael White and Taylor Eisenhauer of James Bates Brannan Groover, LLP served as legal counsel Atkinson Oil.

The Matrix team, led by Vance, Kyle, and Ethan, provided outstanding advisory services. Their professionalism, deep market knowledge, and disciplined process were evident at every step – from evaluation and marketing through executing a complex asset purchase agreement and closing. Matrix clearly understands the market, and their process delivered several competitive offers and an exceptional outcome.”

Mr. Saunders added, “It was a pleasure working with Clint, Michael Atkinson, and the entire Atkinson Oil team on this transaction. They have built a highly attractive platform, combining their expertise in fuels and lubricants distribution with differentiated disaster relief capabilities. We are incredibly honored to have represented them on this transaction and look forward to Atkinson’s continued growth under Colonial’s ownership.”

Michael White and Taylor Eisenhauer of James Bates Brannan Groover, LLP served as legal counsel Atkinson Oil.

About Matrix’s Downstream Energy & Convenience Retail Investment Banking Group
Matrix’s Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum transportation & logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 400 engagements.

About Matrix Capital Markets Group
Founded in 1988, Matrix Capital Markets Group, a division of Citizens, is a leading, advisory-focused investment bank headquartered in Richmond, VA, with an additional office in Baltimore, MD. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, and publicly traded companies. Matrix’s advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, and diversified industrials.  For additional information or to contact our team members, please visit www.matrixcmg.com.

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.4 billion in assets as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.

“Citizens” is the marketing name for the business of Citizens Financial Group, Inc. (“CFG”) and its subsidiaries. “Citizens Capital Markets & Advisory” is the marketing name for the investment banking, research, sales and trading activities of our institutional broker-dealer, Citizens JMP Securities, LLC (“CJMPS”), Member FINRA and SIPC (See FINRA BrokerCheck and SIPC.org). “Matrix Capital Markets Group” is a brand name of CJMPS. Securities products and services are offered to institutional clients through CJMPS. (CJMPS disclosures and CJMP Form CRS). Banking products and services are offered through Citizens Bank, N.A., Member FDIC.