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Automotive Aftermarket Investment Banking

Matrix professionals are dedicated and experienced in serving the investment banking needs of clients in all segments of the automotive aftermarket industry, including: tire and automotive service center chains, consumer and commercial automotive warehouse parts distributors, tier one component and vehicle accessories manufacturers, part inspection and staffing services, quick lube chains, and automotive parts retail. The professional, efficient, and confidential approach implemented by Matrix’s Automotive Aftermarket Investment Banking Group has yielded outstanding results for numerous business owners in the auto aftermarket and automotive distribution & service sectors.

Please view our latest Capital Markets Perspective:
What Past Recessions Have Taught Us About the Automotive Aftermarket:
Operational and M&A Considerations for Business Owners in Today’s Environment

Recent Transactions

Matrix has extensive experience across the automotive value chain from OEM parts manufacturing, to aftermarket distribution, service, and retail. The Matrix team, built on a proven track record of success, has developed longstanding relationships with key market participants that it will leverage to drive outstanding results for future automotive clients. Matrix professionals are unique in their ability to gain a thorough understanding of their client companies, allowing the Matrix team to provide tactical expertise across all parts of a transaction.

As a complement to our robust automotive aftermarket practice, the capital advisory professionals at Matrix work extensively with private automotive retail groups, heavy equipment dealers, recreational vehicle/marine, and equipment rental businesses. Our team’s experience includes raising approximately $6B in total capital to support project finance initiatives, working capital, and acquisitive growth across the U.S. With intimate knowledge and expertise in the space, our Consumer & Industrial Products Investment Banking Group and Capital Advisory Investment Banking Group continue to capitalize on relationships with OEMs as well as private equity firms and strategic buyers with auto, heavy equipment, and rec fi needs to yield successful and coveted results.

What our Clients Are saying

  • “The team at Matrix has been tremendous throughout this entire process. Their enthusiasm and dedication to finding the best transaction for my family and Certified Tire has been tireless. I would recommend Matrix to anyone and I am incredibly grateful for their efforts.”

    Jeff Darrow, CEO
    Certified Tire & Service Centers, Inc.
  • “Our family has owned and operated CWD for over three decades, and in that time, one of the best decisions we made was to hire Matrix to represent us in the sale of our business. We were extremely impressed by the level of attention and commitment we received throughout the transaction process, and would highly recommend the Matrix Consumer and Industrial Products Team.”

    Patrick Pluck, Vice President
    Connecticut Warehouse Distributors, Inc.
  • “I have been the ‘shepherd’ of the F.L. Roberts’ company assets for over forty years and have been fortunate to lead Roberts with the help of a talented executive and advisory team adding very successful ventures in other related business spaces.  Many of these ventures have become consumer favorites in our region.  Selling was the most difficult challenge I have ever had to face.  Matrix quickly grasped the meaningfulness of our asset mix and how to capitalize on the significant value our team had created.  This was a challenge they crafted into a successful sale strategy.  I am very indebted to their talented team.”

    Steven Roberts, CFO
    F.L. Roberts and Company, Inc.
  • “I am excited about entering into this very unique business arrangement with O’Reilly.  Their dual-market strategy and commitment to serving professional installers (DIFM) and the DIY customer universe is a great fit with our tire and service business. This transaction possessed some unique characteristics and I appreciate the efforts of the Matrix team, which provided sound advice through every step of the process. This transaction possessed some unique characteristics and I appreciate the efforts of the Matrix team, which provided sound advice through every step of the process.”

    John Quirk, President and CEO
    VIP Parts, Tires & Service

automotive Transactions

  • CLIENT
  • Client Description
  • Transaction Description
  • TYPE
  • Client Location
  • DATE
  • CLIENT: Certified Tire & Service Centers, Inc.
  • Client Description: A leading independent automotive service chain on the West Coast
  • Transaction Description: Advised on the sale of the Company’s 40 retail stores and one distribution center to Monro, Inc. (NASDAQ: MNRO)
  • TYPE: Company Sale
  • Client Location: Riverside, CA
  • DATE: May 2019
  • CLIENT: NEMO Oil Company
  • Client Description: A leading lubricants distributor to customers throughout New England
  • Transaction Description: Advised on the sale to a subsidiary of a publicly-traded company
  • TYPE: Company Sale
  • Client Location: Lawrence, MA
  • DATE: June 2018
  • CLIENT: Quality Assurance Services, Inc.
  • Client Description: A leading provider of quality assurance and outsourced solutions to manufacturers of parts and components in the automotive industry
  • Transaction Description: Advised on corporate advisory services
  • TYPE: Corporate Advisory
  • Client Location: Virginia Beach, VA & Grand Rapids, MI
  • DATE: October 2017
  • CLIENT: F.L. Roberts and Company, Inc.
  • Client Description: Owner/operator of 26 convenience stores and retail fuel outlets, 22 Golden Nozzle car washes, and 9 Jiffy Lube quick lube facilities in the greater Springfield, MA, Hartford, CT & northern and western MA. Also operates a wholesale motor fuels distribution business & a fuels transportation business
  • Transaction Description: Advised on the sale of the Jiffy Lube business to Atlantic Coast Enterprises, LLC
  • TYPE: Company Sale
  • Client Location: Springfield, MA
  • DATE: October 2016
  • CLIENT: VIP Parts, Tires & Service
  • Client Description: One of the largest companies in Northern New England that specializes in the sale of automotive parts and accessories, tires, and services through a network of 56 locations in Maine, New Hampshire and Massachusetts
  • Transaction Description: Advised on the sale of the retail auto parts stores to O'Reilly Auto Parts
  • TYPE: Company Sale
  • Client Location: Lewiston, ME
  • DATE: December 2012
  • CLIENT: VIP Parts, Tires & Service
  • Client Description: One of the largest companies in Northern New England that specializes in the sale of automotive parts and accessories, tires, and services through a network of 56 locations in Maine, New Hampshire and Massachusetts
  • Transaction Description: Advised on the valuation of VIP Parts, Tires & Service
  • TYPE: Corporate Valuation
  • Client Location: Lewiston, ME
  • DATE: December 2012

automotive Press Releases

  • February 11, 2021 -
    Matrix 2020 Year In Review

    We sincerely hope that you and your families are well and safe. 2020 will certainly be a year we will always remember. None of us could have imagined all the difficulties we would be facing: a pandemic that spread quickly throughout the world; businesses closed; family and friends unemployed; remote […]

  • January 22, 2021 -
    Matrix is Moving!

    RICHMOND, VA/BALTIMORE, MD – January 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the relocation of their downtown Richmond headquarters from James Center II to Gateway Plaza, effective February 1, 2021.  Their new address will be:  Gateway Plaza, 800 East […]

  • January 15, 2021 -
    Matrix Announces Promotion

    RICHMOND, VA / BALTIMORE, MD – January 15, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the promotion of Matt C. Oldhouser, CPA to Associate. Mr. Oldhouser has been a member of Matrix’s Consumer & Industrial Investment Banking Group since 2019.  […]

  • August 11, 2020 -
    Matrix Announces Promotions, Expands Industry Group

    RICHMOND, VA / BALTIMORE, MD – August 11, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce two promotions, as well as the addition of two new team members. John C. Duni, CFA, CPA has been promoted to Vice President. Mr. Duni […]

  • May 20, 2019 -
    Matrix Announces the Successful Sale of Certified Tire & Service Centers, Inc.

    RICHMOND, VA / BALTIMORE, MD – May 20, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the closing of the previously announced sale of California-based Certified Tire & Service Centers, Inc. (“Certified Tire” or the “Company”) to Monro, Inc. (NASDAQ: MNRO) […]

  • July 2, 2018 -
    Matrix Announces the Successful Sale of NEMO Oil Company

    RICHMOND, VA – July 2, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the sale of NEMO Oil Company, d/b/a New England Motor Oil (“NEMO” or the “Company”) to a subsidiary of a publicly-traded company.  The transaction closed on June […]

automotive Team@

David W. Shoulders

Head of Consumer & Industrial Investment Banking, Managing Director dshoulders@matrixcmg.com (804) 591-2034

David is Head of Consumer & Industrial Investment Banking Group.  He has many years of financial and merger & acquisition advisory experience and has managed a variety of transactions with privately-held, middle-market companies since joining Matrix in 2006. In addition to his general experience in manufacturing, distribution, and service industries, David has specific expertise with automotive aftermarket, building products, staffing, metals, aerospace, outdoor recreation, retail and forest products.   His current responsibilities include the origination and execution of sell-side M&A engagements, capital raising and private placements, as well as general advisory assignments for both privately owned and publicly traded companies. He has been instrumental in successfully closing numerous transactions, including Connecticut Warehouse Distributors, Inc., Quality Assurance Services, Inc., Narcote, LLC, Area Equipment Sales & Rentals, Budget Signs, LLC and Southern Filter Media, among others. Prior to joining Matrix, David worked for Stifel Nicolaus’ Aerospace, Defense & Government Services Investment Banking practice in Baltimore, Maryland where his experience included a variety of mergers, acquisitions, and public offerings. David graduated from the College of William and Mary where he received a B.B.A. in Finance with a concentration in accounting. He is also qualified as a FINRA General Securities Representative (Series 7), General Securities Principal (Series 24), Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79).

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William J. O’Flaherty

Director woflaherty@matrixcmg.com (804) 591-2053

William is a member of the Consumer & Industrial Investment Banking Group and is responsible for new client development and co-managing all aspects of client transactions including company sales, corporate carve outs, capital raises, recapitalizations, restructurings, valuations, strategic planning, and assisting clients with acquisitions of target companies. Prior to joining Matrix in 2011, William was a member of Wells Fargo Securities’ Industrials investment banking team in New York. His experience there included a variety of mergers, acquisitions, and public offerings for transportation and packaging clients. William graduated from the University of Virginia’s McIntire School of Commerce where he received his B.S. in Commerce with a concentration in finance. He is also qualified as a FINRA Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79).

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Matt C. Oldhouser, CPA

Associate moldhouser@matrixcmg.com (804) 591-2040

Matt is a member of the Consumer & Industrial Investment Banking Group and is responsible for conducting financial, industry, and buyer research, creating valuation and financial models, and preparing selling and private placement memoranda. Prior to joining Matrix in 2019, Matt was a Senior Audit Associate at Grant Thornton, LLP. Matt received a B.S. in Business Administration with concentrations in Finance and Accounting, and graduated cum laude from the University of South Carolina. He holds the Certified Public Accountant designation and has successfully completed the level 1 CFA. He is qualified as a FINRA Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79).      

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Sahan Pandey

Analyst spandey@matrixcmg.com (804) 591-2052

Sahan is a member of the Consumer & Industrial Investment Banking Group and is responsible for conducting financial, industry, and buyer research, creating valuation and financial models, and preparing selling and private placement memoranda. Prior to joining Matrix in 2021, he was an FP&A Financial Analyst at Markel Corporation. Sahan received a BA in Statistics with a concentration in Econometrics from the University of Virginia. He has successfully completed the level 1 CFA. He is currently qualified as a FINRA Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79).

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