Business Services Investment Banking


Our merger & acquisition expertise in the business services sector stems from numerous engagements and extensive research in a number of segments, including logistics (trucking, rail, shipping 3PL), IT services, printing, direct marketing, CRM, staffing, training & education, and employee recognition.

Recent Transactions

Our success and reputation for consistently exceeding client expectations is a direct result of our thorough and tenacious approach to each engagement. From start to finish, our business services investment banking professionals plan and execute each engagement with significant time spent on the in-depth analysis, research, valuation and negotiation required to successfully close each transaction.

Additional sub-sectors of focus include:  Call Centers, Marketing, Printing & Engraving, Staffing, Systems Integration, Tele-Services, Telecommunications, Transportation, Utility Services and Waste Management.

What our Clients Are saying

  • “We are very pleased to have transitioned the ownership of our business to a buyer committed to the continued success and long-term growth of Budget Signs.  The Matrix team proved to be extremely valuable in running a highly  disciplined process that identified a buyer that satisfied the objectives we were looking to accomplish.”

    Ed Armentrout, President
    Budget Signs, LLC
  • “The Matrix deal team worked tenaciously to guide this extraordinarily complicated transaction to closure. They saw the tremendous fit between our desire for a long-term, growth oriented partner and McCarthy’s unique understanding of the industry, and provided sound analysis and counsel to both sides throughout the process. We look forward to working with Matrix on our next transaction.”

    Todd Flemming, President & CEO
    Advantor
  • “The consummation of this deal provided liquidity for my partner and will allow me to more aggressively pursue Affiliated’s strategic objectives for the next several years. Matrix explored several private equity initiatives, but at the end of the day, Wachovia offered me the best possible solution by increasing my ownership to 100% without creating any dilution or outside governance.”

    Matt Goldberg, Co-Founder and CEO
    Affiliated Mortgage Protection
  • “This transaction met both our personal and corporate objectives by providing a liquidity event for shareholders and additionally, more sophisticated resources to our customer base. Our clients will now benefit directly from the enormous investments Kuehne-Nagel has made in its personnel, training, and systems. A broader array of services and more geographical depth can only make us a stronger unit under the Kuehne-Nagel umbrella. We are very excited about the growth opportunities that are imminently achievable with the support of their organization.”

    Cindra Zambo, CEO
    Aces Limited
  • “Matrix Capital did a superb job keeping all parties engaged and moving forward, the end result of which is a great transaction success story.”

    Ron Bisaccia, CEO
    Proxicom

Business Services Press Releases

  • September 27, 2016 -
    Matrix Announces the Successful Sale of Budget Signs, LLC

    RICHMOND, VA – September 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Budget Signs, LLC (“Budget Signs” or the “Company”) to a Salem, Virginia-based franchisee of FASTSIGNS International, Inc. (“FASTSIGNS”). FASTSIGNS is a Carrollton, Texas-based portfolio company of Levine Leichtman Capital Partners. Matrix served as exclusive advisor to Budget […]

  • August 27, 2015 -
    Matrix Announces Recent Personnel Updates

    RICHMOND, VA – August 27, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the following personnel updates: Pratik Thakral has been promoted to Senior Analyst.  He has been with Matrix since 2013 and is a member of the Consumer & Industrial Products Group.  Over the years, Mr. Thakral has assisted with […]

  • September 1, 2010 - RICHMOND,VA
    Matrix Successfully Advised Advantor Systems in Obtaining an Equity Investment by McCarthy Capital

    Richmond, VA – September 1, 2010 – Matrix Capital Markets Group, Inc. announced today that it has successfully advised Advantor Systems and its shareholders in obtaining an equity investment by McCarthy Capital. McCarthy Capital manages a $500 million private equity fund and is based in Omaha, NE with offices in Denver and Boston. Matrix served […]

  • July 19, 2007 - RICHMOND, VA
    Matrix Closes Recapitalization of Affiliated Mortgage Protection

    RICHMOND, VA – July 19, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Affiliated Mortgage Protection, a leading independent insurance agency based in Clark, NJ that specializes in the sale of mortgage protection life insurance. Wachovia Bank provided the exclusive financing to support the recapitalization. The […]

  • December 15, 2005 - RICHMOND, VA
    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, […]

Business Services Transactions

  • CLIENT
  • Client Description
  • Transaction Description
  • TYPE
  • Client Location
  • DATE
  • CLIENT: Budget Signs, LLC
  • Client Description: A full service sign and crane company that fabricates, installs and services signs in western VA, southern WV and northern NC
  • Transaction Description: Advised on the sale of Budget Signs, LLC to a franchisee of FASTSIGNS/portfolio company of Levine Leichtman Capital Partners
  • TYPE: Company Sale
  • Client Location: Roanoke, VA
  • DATE: September 2016
  • CLIENT: BLR
  • Client Description: A leading provider of compliance and training solutions
  • Transaction Description: Advised on the recapitalization by Management and Tenth Street Capital & Northcreek Mezzanine
  • TYPE: Recapitalization
  • Client Location: Brentwood, TN
  • DATE: March 2016
  • CLIENT: Advantor Systems Corporation
  • Client Description: A leading global designer, manufacturer and integrator of physical security systems with extensive experience securing high profile government, Department of Defense and commercial organizations
  • Transaction Description: Advised on the minority investment from McCarthy Capital
  • TYPE: Recapitalization
  • Client Location: Orlando, FL
  • DATE: August 2010
  • CLIENT: Affiliated Mortgage Protection
  • Client Description: A leader in the mortgage protection marketplace
  • Transaction Description: Advised on the recapitalization by Wachovia
  • TYPE: Recapitalization
  • Client Location: Clark, NJ
  • DATE: July 2007
  • CLIENT: Aces Limited
  • Client Description: One of New England's leading providers of freight-forwarding and logistics services coordinating the shipment of thousands of containers both domestically and internationally
  • Transaction Description: Advised on the sale to Kuehne + Nagel
  • TYPE: Company Sale
  • Client Location: Scituate, MA
  • DATE: December 2005
  • CLIENT: Flowers Sent Today
  • Client Description: One of the country’s largest providers of flowers and floral arrangements to consumers nationwide
  • Transaction Description: Advised on the recapitalization by Woodside Funding Partners and Mercantile-Safe Deposit & Trust Co.
  • TYPE: Recapitalization
  • Client Location: Haymarket, VA
  • DATE: November 2005
  • CLIENT: ProMark Utility Locators
  • Client Description: An outsourced provider of underground utility line locating services and subsurface utility engineering services
  • Transaction Description: Advised on the merger with Consolidated Utility Services, Inc.
  • TYPE: Company Sale
  • Client Location: Chatham, VA
  • DATE: November 2004
  • CLIENT: Proxicom/Dimension Data
  • Client Description: A web design and internet consulting company and a subsidiary of Dimenson Data Plc (LSE: DDT.L)
  • Transaction Description: Advised on the sale to Gores Technology Group, LLC
  • TYPE: Corporate Carve Out
  • Client Location: Reston, VA
  • DATE: May 2004

Business Services Team

Michael C. Morrison

Managing Director & Principal mmorrison@matrixcmg.com (804) 591-2051

Michael leads the firm’s efforts in New England.  He joined Matrix in July, 2002 following four years at Duff & Phelps LLC overseeing its New York Investment Banking operation and after spending 13 years in commercial banking. From 1986 through 1993, he served in a variety of lending groups for Fleet Bank participating in LBO’s, MBO’s, […]

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David W. Shoulders

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

David is Head of the Consumer & Industrial Products 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. These transactions primarily include sell-side strategic advisory assignments and private placements of debt and equity. Prior to […]

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William J. O’Flaherty

Vice President woflaherty@matrixcmg.com (804) 591-2053

William is a member of the Consumer & Industrial Products Group and is responsible for conducting financial, industry, and buyer research, creating valuation and financing models, and preparing selling and private placement memoranda. Prior to joining Matrix in 2011, William was a member of Wells Fargo Securities’ Industrials investment banking team in New York. His […]

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Robert A. Nickle

Senior Analyst rnickle@matrixcmg.com 804-591-2066

Robbie is a member of the Consumer & Industrial Products Group and is responsible for conducting financial, industry, and buyer research, creating valuation and financing models, and preparing selling and private placement memoranda. Prior to joining Matrix, Robbie was an Associate Equity Analyst with BB&T Capital Markets and Senior Financial Analyst with Capital One. Robbie […]

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