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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]