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December 4, 2018 Matrix Advises Giant Eagle, Inc. on the Successful Acquisition of Ricker Oil Company, Inc.

RICHMOND, VA – December 4, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful acquisition of Ricker Oil Company, Inc. (“Ricker Oil”) by Giant Eagle, Inc. (“Giant Eagle” or the “Company”). Ricker Oil owns and operates 56 Ricker’s convenience stores located in the Indianapolis and Fort Wayne metro […]

November 5, 2018 Matrix Announces the Successful Sale of Petr-All’s (d/b/a Express Mart) Petroleum Marketing and Convenience Retailing Assets

RICHMOND, VA – November 5, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces the successful closing on the sale of Petr-All Petroleum Consulting Corporation’s, d/b/a Express Mart (“Petr-All”, “Express Mart”, or the “Company”), 78 convenience retailing and petroleum marketing assets to Speedway LLC, a wholly owned subsidiary of Marathon Petroleum […]

October 1, 2018 Matrix Announces the Successful Sale of Engineered Metals and Composites, Inc.

RICHMOND, VA – October 1, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, is pleased to announce the sale of West Columbia, South Carolina-based Engineered Metals and Composites, Inc. (“EMC” or the “Company”) to Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick”), a publicly-traded manufacturer of component products and distributor of building […]

September 28, 2018 Matrix Announces the Successful Sale of Croix Oil Company’s Convenience Retailing & Wholesale Motor Fuel Assets

RICHMOND, VA – September 28, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces the successful closing on the sale of Croix Oil Company’s (“Croix” or the “Company”) convenience retailing assets to Northern Tier Retail, LLC (d/b/a SuperAmerica® and Tesoro), a subsidiary of Andeavor and its wholesale fuel assets to […]

September 17, 2018 Matrix Expands Service Offering, Establishes New Downstream Energy Consulting and Strategic Advisory Group

RICHMOND, VA – September 17, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent, investment bank, is pleased to announce the formation of a new in-house business consulting group, Matrix Consulting Services Group (“MCS”), and welcomes Melvin L. Strine as Director of the new endeavor. This specialized group will exclusively serve clients within […]

September 9, 2018 Matrix Announces the Successful Sale of Tevis Oil, Inc.’s Convenience Retailing & Wholesale Motor Fuel Assets

RICHMOND, VA – September 10, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Tevis Oil, Inc.’s (collectively “Tevis” or the “Company”) convenience retailing and wholesale motor fuel assets to SMO, Incorporated (d/b/a SMO Motor Fuels and Dash In®), a subsidiary of […]

August 13, 2018 Matrix Announces the Successful Sale of Carolina Convenience Corporation’s Petroleum Marketing Assets

RICHMOND, VA – August 13, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces that it has advised Carolina Convenience Corporation (“Carolina Convenience” or the “Company”) on the sale of seven of its S-Mart branded convenience stores and its wholesale fuels distribution business in South Carolina to an affiliate […]

July 18, 2018 Matrix Announces the Successful Sale of Champlain Oil Company, Inc. & Coco Mart, Inc.

RICHMOND, VA – July 18, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Champlain Oil Company, Inc. and Coco Mart, Inc. (collectively “Champlain” or the “Company”) to Global Partners LP (NYSE: GLP). The acquired assets include 37 company operated convenience stores with gas, trading as Jiffy […]

March 13, 2018 Matrix Announces the Successful Sale of Polsinello Fuels, Inc.’s Propane, Heating Oil and Other Refined Fuel Products Business

RICHMOND, VA – March 13, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Polsinello Fuels, Inc.’s (“PFI” or the “Company”) Home Heating and Commercial Fuels Business to Mirabito Holdings, Inc. The acquired assets consist of PFI’s propane, heating oil, commercial fuels […]

March 2, 2018 Matrix Announces the Successful Sale of Connecticut Warehouse Distributors, Inc. and its Subsidiaries

RICHMOND, VA – March 2, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the sale of Connecticut Warehouse Distributors, Inc. and its subsidiaries (the “Company” or “CWD”) to Elliott Auto Supply Co., Inc. d/b/a Factory Motor Parts. The transaction closed on February 26. Headquartered in […]

December 11, 2017 Matrix Announces the Successful Sale of Jet-Pep, Inc. and Bama Terminaling and Trading, LLC

RICHMOND, VA – December 11, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Jet-Pep, Inc. and Bama Terminaling and Trading, LLC (collectively “Jet-Pep” or the “Company”) to CrossAmerica Partners LP (NYSE: CAPL) and Circle K Stores, Inc., a wholly-owned subsidiary of Alimentation […]

June 5, 2017 Matrix Announces the Successful Sale of STi Fuels’ Consignment and Wholesale Fuels Business

RICHMOND, VA – June 5, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Superior Transport, Inc.’s (the “Company” or “STi”) consignment and wholesale motor fuels supply businesses and the related fuels transportation assets. The consignment and wholesale assets were acquired by Empire Petroleum Partners, LLC, and Usher Transport, Inc. acquired […]

April 27, 2017 Matrix Announces the Successful Sale of Leonard E. Belcher, Inc.’s Retail Assets and Branded and Unbranded Wholesale Businesses

RICHMOND, VA – April 27, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of all of Leonard E. Belcher, Inc.’s (“L.E. Belcher” or the “Company”) retail assets and its branded and unbranded wholesale business to Petroleum Marketing Group, Inc. (“PMG”) of Woodbridge, Virginia. The Company’s retail assets acquired by PMG consist […]

February 14, 2017 Matrix Announces the Successful Sale of Bradley Petroleum, Inc. and Sav-O-Mat, Inc.

RICHMOND, VA – February 14, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Bradley Petroleum, Inc. and Sav-O-Mat, Inc. (collectively the “Company”) to Stinker Stores, Inc. (“Stinker”).  Headquartered in Denver, Colorado, the Company’s operating history spans over a century in the […]

February 1, 2017 Matrix Announces the Successful Sale of Leonard E. Belcher, Inc.’s Terminals and Commercial Fuels and Wholesale Distillate Businesses

RICHMOND, VA – February 1, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful sale of Leonard E. Belcher, Inc.’s (“L.E. Belcher” or the “Company”) distillate terminal assets and commercial fuels and wholesale distillate businesses to Sprague Operating Resources LLC, a subsidiary of Sprague Resources LP (“Sprague”) […]

December 27, 2016 Matrix Announces the Successful Sale of Campbell Oil Company’s Heating Oil & Commercial Fuels Business to Lykins Energy Solutions

RICHMOND, VA – December 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Campbell Oil Company’s (the “Company” or “Campbell Oil”) residential heating oil and commercial fuels business to Lykins Energy Solutions. Campbell’s heating oil and commercial fuels business is one of the leading wholesale distributors of fuel oil, gasoline, and […]

October 18, 2016 Matrix Announces the Successful Sale of F.L. Roberts’ Convenience Store, Car Wash & Jiffy Lube Businesses

RICHMOND, VA – October 18, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of F.L. Roberts and Company, Inc.’s (the “Company”) convenience store, car wash, and Jiffy Lube businesses. The convenience store and car wash businesses were acquired by affiliated companies of Nouria Energy Corporation, and the Jiffy Lube […]

September 27, 2016 Matrix Announces the Successful Sale of State Oil Company’s Retail Assets and Wholesale Fuels Distribution Business

RICHMOND, VA – September 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of State Oil Company and certain related entities’ (collectively “State Oil” or the “Company”) retail assets and wholesale fuels distribution business to CrossAmerica Partners LP (NYSE:CAPL) and its affiliates (collectively “CrossAmerica”). Immediately prior to the closing of the […]

June 1, 2016 Matrix Announces the Successful Sale of Mutual Oil Co., Inc.’s Unbranded Wholesale Fuels Distribution Business

RICHMOND, VA – June 1, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Mutual Oil Co., Inc.’s (“Mutual” or “Company”) high volume unbranded wholesale refined fuels business to Truman Arnold Companies (“TAC Energy”), an independent national wholesale fuels distributor of refined petroleum products, headquartered in Dallas, Texas. Mutual distributes unbranded refined […]

May 31, 2016 Matrix Announces the Successful Sale of District Petroleum Products, Inc. & Related Entities

RICHMOND, VA – May 31, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of District Petroleum Products, Inc. & Related Entities (the “Company” or “District Petroleum”) to an affiliate of Dunne Manning, Inc. The Company, headquartered in Huron, OH, owns and operates twenty-two (22) Hy-Miler convenience stores and distributes […]

February 23, 2016 Matrix’s Healthcare Group Announces the Successful Sale of Next Generation Children’s Centers

RICHMOND, VA – February 23, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Next Generation Children’s Centers (“NGCC” or the “Company”) to Cadence Education, Inc. (“Cadence”), a Scottsdale, AZ based portfolio company of Audax Group, Inc. Matrix served as exclusive financial advisor to NGCC. The transaction was led by David […]

February 2, 2016 Matrix’s Downstream Energy & Retail Group Advises on Eighteen M&A Transactions with Combined Transaction Value of Over $1.5 Billion in 2015

RICHMOND, VA – February 2, 2016 – The Downstream Energy & Retail Group of Matrix Capital Markets Group, Inc. (“DER Group”) continued to be the most active transactional advisory services provider to downstream energy and convenience retailing companies in 2015, successfully advising on eighteen (18) M&A transactions that closed during the year. The clients the DER Group advised […]

December 16, 2015 Matrix Announces the Successful Sale of Alta East, Inc.’s Fuels Distribution Business

RICHMOND, VA – December 16, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Alta East, Inc. and certain related entities’ (collectively the “Company”) fuels distribution business to a wholly owned subsidiary of Sunoco LP (NYSE: SUN). The Company, headquartered in Middletown, NY, owns or leases 30 convenience stores that […]

November 10, 2015 Matrix Announces the Successful Sale of Biscayne Petroleum, LLC and Everglades Petroleum, LLC

RICHMOND, VA – November 10, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Biscayne Petroleum, LLC and Everglades Petroleum, LLC (collectively the “Company”) to 7-Eleven, Inc. and its wholly owned subsidiary, SEI Fuel Services, Inc. The Company, headquartered in Miami, FL, owns and operates convenience stores and supplies fuels throughout primarily […]

November 6, 2015 Matrix Capital Markets Group, Inc.’s Healthcare Team Advises Safe Foods International Holdings, LLC on its Sale to Laboratory Corporation of America® Holdings

RICHMOND, VA – November 6, 2015 – Matrix Capital Markets Group, Inc. (Matrix) announces the successful sale of Safe Foods International Holdings, LLC (SFIH) to Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH). Matrix served as exclusive financial advisor to SFIH. The transaction was led by David Keys, Head of Matrix’s Healthcare Team, and David […]

November 4, 2015 Matrix Announces the Successful Sale of CrossAmerica Partners LP’s Fuels Transportation, Heating Oil & Tank Wagon Commercial Fuels Businesses

RICHMOND, VA – November 4, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of the fuels transportation, residential heating oil and tank wagon commercial fuels businesses owned by CrossAmerica Partners LP (the “Company” or “CrossAmerica”) that were formerly operated by wholly owned subsidiary, Petroleum Marketers, Inc. (“PMI”) to multiple buyers. Reliable Tank Line, […]

September 24, 2015 Matrix Announces the Successful Sale of Kocolene Marketing, LLC’s Convenience Store Assets

RICHMOND, VA – September 24, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Kocolene Marketing, LLC’s (the “Company”) convenience store assets to Alimentation Couche-Tard, Inc. (TSX: ATD.A, ATD.B), through its wholly-owned subsidiary, Mac’s Convenience Stores, LLC (collectively “Couche-Tard”). The Company’s assets acquired by Couche-Tard include thirteen (13) […]

September 22, 2015 Matrix’s Downstream Energy & Retail Group Announces Three Successful Sell-Side Advisory Assignments, Brings 2015 Firm-Wide Transaction Closings to Seventeen

RICHMOND, VA – September 22, 2015 – Matrix Capital Markets Group’s Downstream Energy & Retail team has successfully completed three sell-side advisory assignments in the month of August, bringing the total of firm-wide transactions to seventeen so far for this year. Matrix provided merger and acquisition advisory services, which included valuation advisory, marketing of the […]

August 25, 2015 Matrix Announces the Successful Sale of Tedeschi Food Shops, Inc. and Related Real Estate Entities

RICHMOND, VA – August 25, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Tedeschi Food Shops, Inc. and related real estate entities (collectively “Tedeschi” or “Company”) to 7-Eleven, Inc. Headquartered in Rockland, Massachusetts, Tedeschi is a leading convenience retailing and foodservice company located in the New England area, with stores in Massachusetts and New Hampshire. […]

February 11, 2015 Matrix Announces the Successful Sale of Mutual Oil Co., Inc.’s Branded Dealer and Transportation Business

RICHMOND, VA – February 11, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Mutual Oil Co., Inc.’s (“Mutual” or “Company”) branded, contract dealer business, comprised of over 150 dealer supply contracts, structured agreements and transportation fleet.  The dealer supply contracts and structured agreements have been sold to an undisclosed purchaser. […]

January 21, 2015 Matrix Announces the Successful Sale of Certain Assets of Mid-Atlantic Petroleum Properties

RICHMOND, VA – January 21, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of certain assets of Mid-Atlantic Petroleum Properties, LLC (“MAPP” or the “Company”) to Petroleum Marketing Group, Inc. and affiliates.  Headquartered in Germantown, Maryland, MAPP has been a leading owner and operator of petroleum marketing and […]

August 20, 2014 Matrix Serves as Exclusive Advisor to Stevens Manufacturing Co., Inc. on its Transition to J.H. Whitney Capital Partners, LLC

RICHMOND, VA – August 20, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the transition of Stevens Manufacturing Co., Inc. (“Stevens Manufacturing” or the “Company”) to J.H. Whitney Capital Partners, LLC (“J.H. Whitney”). Stevens Manufacturing, based in Milford, CT, is a leading supplier of high quality precision parts, flight-critical components and complete […]

August 5, 2014 Matrix Serves as Exclusive Advisor to Banker Steel Company on its Recapitalization with Atlas Holdings LLC and Turnspire Capital Partners

RICHMOND, VA – August 5, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the recapitalization of Banker Steel Company (“Banker Steel”) with Atlas Holdings LLC, through its operating company, Bridge Fabrication Holdings, LLC, (“Atlas”) and Turnspire Capital Partners (“Turnspire”). Banker Steel, based in Lynchburg, VA is a leading fabricator of structural steel […]

July 22, 2014 Matrix Serves as Financial Advisor to Guttman Energy, Inc. on the Successful Sale of its Columbus, OH Based Propane and Lubricants Division

RICHMOND, VA – July 22, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announces that it has advised Guttman Energy, Inc. (“Guttman”) on the successful sale of its Columbus, Ohio based propane and lubricants division, doing business as Guttman Oil Company (“Guttman Oil-Columbus Division”). Guttman Oil-Columbus Division sells propane and lubricants to a variety of […]

March 12, 2014 Matrix Serves as Financial Advisor to Ports Investments, LLC on the Successful Sale of Horizontal Wireline Services, LLC

BALTIMORE, MD – March 12, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announces that it has advised the members of Wooster, OH based Ports Investments, LLC (“Ports”) on the successful sale of its controlling ownership interest in Irwin, PA based Horizontal Wireline Services, LLC (“Horizontal” or “Company”). Horizontal was purchased by Houston-based Allied Wireline […]

March 7, 2014 Matrix Capital Announces Third Industrial Manufacturing Transaction in Last 45 Days with the Sale of Ashton Lewis Lumber Co. to Privately-Held Company

RICHMOND, VA – March 7, 2014 – The Matrix deal team of Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral, which recently closed on the sale of Dimex, LLC and Butler Woodcrafters, is pleased to announce the sale of the assets of Coxe-Lewis Corporation and Coxe International Sales Corp. (collectively, the “Coxe Companies”), including […]

February 4, 2014 Matrix Serves as Exclusive Advisor to Butler Woodcrafters, Inc. on its Sale to Sauder Manufacturing Co.

RICHMOND, VA – February 4, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Butler Woodcrafters, Inc. (“Butler”) to Sauder Manufacturing Co., a wholly owned subsidiary of Sauder Woodworking Company (“Sauder”). Headquartered in Richmond, Virginia, Butler is a leading manufacturer of institutional furniture for the education and human services markets. […]

December 26, 2013 Matrix Announces the Successful Sale of Manchester Marketing Inc.’s Wholesale Fuels Distribution Business

RICHMOND, VA – December 26, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the successful sale of Manchester Marketing Incorporated’s (“Manchester” or “Company”) wholesale fuels distribution business to Lehigh Gas Partners LP (NYSE: LGP) and affiliated entities. The Manchester distribution assets are primarily located in Central Virginia and carry the BP, […]

September 5, 2013 Matrix Announces the Successful Sale of SMO, Inc.’s Tidewater Virginia Wholesale & Retail Fuel Assets

BALTIMORE, MD – September 5, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of twenty-four (24) wholesale & retail fuel assets located in the Tidewater region of Virginia (collectively the “Tidewater Fuel Assets”) for SMO, Inc. (“SMO” or “Company”). The Tidewater Fuel Assets have been sold to Virginia Beach, Virginia based […]

March 11, 2013 Matrix and Marshall & Stevens Advise Pester Marketing Company on the Successful Establishment of an Employee Stock Ownership Plan

BALTIMORE, MD – March 11, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”), together with Marshall & Stevens, Inc. (“Marshall & Stevens”), announce the successful establishment of Pester Marketing Company’s (“Pester” or “Company”) Employee Stock Ownership Plan (ESOP). Pester established its ESOP in order to provide employees with another qualified, defined contribution benefit plan option […]

February 18, 2013 Matrix Announces the Successful Sale of Dickerson Petroleum, Inc. & Related Entities

BALTIMORE, MD – February 18, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Belleville, IL based Dickerson Petroleum, Inc. & Related Entities (“Dickerson” or “Company”) t/a Gas Mart, to Alimentation Couche-Tard, Inc. (TSX: ATD.A, ATD.B), through its wholly-owned indirect subsidiary, Mac’s Convenience Stores, LLC (collectively “Couche-Tard”). Dickerson operates retail and […]

January 7, 2013 Matrix Closes its 28th Assignment for 2012 and Announces the Sale of 56 Retail Auto Parts Stores for VIP Parts, Tires & Service to O’Reilly Automotive, Inc.

RICHMOND, VA – January 7, 2013 – Matrix Capital Markets Group, Inc. is pleased to announce that VIP Parts, Tires & Service (“VIP”) has sold its 56 retail auto parts stores to O’Reilly Automotive, Inc. (“O’Reilly”). Lewiston, Maine-based VIP is a privately held automotive parts, tires and service chain that has served customers in New […]

January 3, 2013 Matrix Announces the Successful Sale of Gas Station and Convenience Store Wholesale Sites for Mutual Oil Co., Inc.

RICHMOND, VA – January 3, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of nineteen (19) gas station and convenience store wholesale assets for Mutual Oil Co., Inc. (“Mutual” or “Company”). The wholesale assets have been sold to multiple buyers including Alliance Energy LLC, a wholly-owned subsidiary of Global Partners LP […]

December 20, 2012 Matrix Serves as Exclusive Advisor to RESCO Acquisition, LLC on its Purchase of Richmond Electric Supply Co., Inc.

RICHMOND, VA – December 20, 2012 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Richmond Electric Supply Company, Inc. (“RESCO”) to RESCO Acquisition, LLC, an investment group comprised of RESCO’s recently appointed CEO, Mike Bourn, a leader in the electrical wholesale distribution industry, and other private investors. Founded in 1983, […]

September 18, 2012 Matrix Professionals to Present Capital Planning for Growth Workshop During the NACS Show

BALTIMORE, MD – September 18, 2012 – Tom Kelso, Managing Director, and Spencer Cavalier, Director, investment banking professionals with the Energy & Multi-Site Retail Team of Matrix Capital Markets Group, will present an educational workshop entitled “Capital Planning for Growth”. The presentation will take place during the Association for Convenience & Fuel Retailing (NACS) Show […]

April 3, 2012 Matrix Provides Corporate Finance Advisory To Pester Marketing Company in Refinancing & Expanding Senior Credit Facilities

BALTIMORE, MD – APRIL 3, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful refinancing and expansion of Pester Marketing Company’s (“Pester” or “Company”) senior credit facilities and treasury management services. Pester management sought to consolidate, expand and reconfigure its debt capital structure and treasury management services to better suit the more sophisticated […]

March 1, 2012 Matrix Announces the Sale of High’s of Baltimore, Inc. to The Carroll Independent Fuel Company

BALTIMORE, MD – March 1, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Hanover, MD based High’s of Baltimore, Inc., t/a High’s Dairy Stores (“High’s” or “Company”) to The Carroll Independent Fuel Company (“Carroll”). High’s directly operates forty-six (46) retail convenience stores and gas stations located in highly populated areas […]

November 18, 2011 Matrix Announces Tenth Transaction Closing for 2011, Serves as Exclusive Advisor to American Industrial Partners on its Acquisition of Coastal Lumber

RICHMOND, VA – November 18, 2011 – Matrix is pleased to announce the closing of its tenth transaction of the year. Matrix served as exclusive advisor to American Industrial Partners (“AIP”), a New York City based private equity firm, on its acquisition of Coastal Lumber located in Charlottesville, VA. Coastal Lumber is a regional producer […]

September 19, 2011 Matrix Professionals to Speak During The Association for Convenience and Fuel Retailing (NACS) Show in Chicago

BALTIMORE, MD – September 19, 2011 – John Underwood, Vice President and R.H. “Tod” Butler, Vice President of Business Development, two investment banking professionals with the Matrix Energy & Multi-Site Retail Team (EMR), will present an educational workshop entitled “Building the Best Financial Strategy”. The presentation will take place during the NACS Show on Saturday, […]

September 6, 2011 Matrix Announces Ninth Transaction Closing for 2011, the Acquisition of ShelterLogic, LLC by RFE Investment Partners and Charter Oak Equity, LP

RICHMOND, VA – September 6, 2011 – Matrix Capital Markets Group, Inc. announced today the sale of ShelterLogic, LLC and its subsidiaries to a private equity investor group led by RFE Investment Partners and Charter Oak Equity, LP in conjunction with management. Financing for the transaction was provided solely by Connecticut sources, with Smith Whiley […]

February 16, 2010 Matrix Advises the Special Committee of the Board of Directors of United Fuel & Energy Corporation on its Merger with SC Fuels

RICHMOND, VA – February 16, 2010 – Matrix Capital Markets Group, Inc.(“Matrix”) announced today that it provided financial advisory services and a fairness opinion to the Special Committee (the “Special Committee”) of the Board of Directors for United Fuel & Energy Corporation (Pink Sheets: UFEN) (“United Fuel”) on its merger with Southern Counties Oil Co. […]

October 6, 2009 Hunter Hotels and Matrix to Provide Unique Advisory Services to Lodging Companies with Distressed Assets

RICHMOND, VA – October 6, 2009 – Matrix Capital Markets Group, Inc. (“Matrix”) and Hunter Hotels (“Hunter”) are pleased to announce that they will partner to provide advisory solutions to lodging companies with financially distressed hotel properties. The broad array of services provided by the partnership will include the restructuring of debt, corporate recapitalization and/or […]

June 30, 2009 Matrix Capital Markets Group Announces the Successful Sale of Convenience Stores and Travel Centers for Herndon Oil Corporation

RICHMOND, VA – June 30, 2009 – Matrix Capital Markets Group, Inc. (Matrix) announced today the successful sale of thirty-eight (38) operating convenience stores and travel center units, along with one (1) additional fee simple property, owned by Herndon Oil Corporation (Herndon) to The Pantry, Inc. (NASDAQ: PTRY). The units sold comprised Herndon’s Mobile, Alabama […]

June 19, 2008 Matrix Capital Announces the Successful Sale of 68 Convenience Store and Dealer Assets for Peterborough Oil Company, Inc.

RICHMOND, VA – June 19, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing of sixty-eight (68) convenience store and dealer assets owned by Peterborough Oil Company, Inc., a Leominster, Massachusetts based owner and operator of retail petroleum marketing outlets and convenience stores branded as Mr. Mike’s in Massachusetts, New Hampshire and […]

January 29, 2007 Matrix Capital Markets Group Announces the Successful Sale of 24 Convenience Stores for The Hartley Company

RICHMOND, VA – January 29, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing of twenty-four (24) convenience stores owned by The Hartley Company (Hartley), a Cambridge, Ohio based owner and operator of retail petroleum marketing outlets and convenience stores throughout Ohio as part of Hartley’s plan to monetize certain assets and […]

January 16, 2007 Matrix Capital Markets Group Advises Uni-Marts in the Acquisition of BP Assets in Youngstown, Ohio Market

RICHMOND, VA – January 16, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing of Uni-Marts’ acquisition of 28 BP retail and wholesale fuel assets in the Youngstown, Ohio market. Matrix provided acquisition advisory services to consummate the transaction. Tom Kelso, Managing Director and Head of the Energy and Multi-Site Retail Group […]

January 9, 2007 Matrix Capital Markets Group Announces the Successful Recapitalization of Tri State Foam Products, Inc.

RICHMOND, VA – January 9, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Tri State Foam Products, Inc., a Martinsville, Virginia based manufacturer of expanded polystyrene foam (“EPS”). Harbert Management Corporation, a $7.1 billion private investment firm headquartered in Birmingham, Alabama, is the primary investor in […]

November 14, 2006 Matrix Capital Markets Group Announces Another Successful Cross Border Transaction with the Sale of American Commercial

RICHMOND, VA – November 14, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of American Commercial, Inc. to DSI USA, Inc. American Commercial, based in Bristol, VA with operations in Louisville, KY, is the leading North American designer and manufacturer of underground steel supports used primarily in […]

October 19, 2006 Matrix Capital Markets Group Announces the Successful Sale of Thermex-Thermatron, Inc.

RICHMOND, VA – October 19, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Louisville, Kentucky based capital equipment manufacturer Thermex-Thermatron, Inc. to Dyad Partners, a private equity firm headquartered in Bethesda, Maryland. Matrix served as the exclusive financial advisor to Thermex-Thermatron on the transaction. Founded in […]

February 17, 2006 Matrix Capital Markets Group Announces the Successful Management Buyout of the Engineered Films Unit of PolyOne Corporation

RICHMOND, VA · February 17, 2006 · Matrix Capital Markets Group, Inc. announced today the successful management buyout of PolyOne Corporation’s (NYSE: POL) Engineered Films business unit. The buyout was led by the unit’s management team along with an investor group formed by Matrix. Senior financing for the transaction was provided by LaSalle Business Credit, […]

January 11, 2006 Carroll Independent Fuel Company Acquires BP Assets in the Baltimore and Washington DC Metro Markets

RICHMOND, VA – January 11, 2006 – Matrix Capital Markets Group, Inc. announced today the successful closing of Carroll Independent Fuel Company’s acquisition of 70 BP retail and wholesale fuel assets in the Baltimore and Washington, DC metropolitan markets. Matrix provided acquisition and capital raising advisory services to consummate the transaction. Tom Kelso, Managing Director […]

December 15, 2005 Matrix Capital Markets Group Announces the Successful Sale of Aces Ltd. and Northeast Consolidators, Inc.

RICHMOND, VA – December 15, 2005 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Aces Ltd. and Northeast Consolidators, Inc., to Kuehne-Nagel, Inc. Kuehne-Nagel is one of the largest and most diversified logistics providers in the world, serving customers across five continents. Kuehne-Nagel is headquartered in Schindellegi, […]

November 2, 2005 Matrix Capital Markets Group, Inc. Completes Sale of Kadant Composite Building Products Business to Liberty Diversified Industries

RICHMOND, Va.–(BUSINESS WIRE)—Nov. 2, 2005— Matrix Capital Markets Group, Inc. recently announced the successful closing of the sale of Kadant Composites LLC, a leading manufacturer of composite decking and roofing products, to Minneapolis -based LDI Composites. Kadant Composites is a subsidiary of Kadant Inc. (NYSE: KAI). LDI Composites is a subsidiary of Liberty Diversified Industries […]