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Matrix Announces Recent Promotions, Newest Team Member

RICHMOND, VA – October 10, 2103 – Matrix Capital Markets Group, Inc. is pleased to announce the following promotions for members of our Energy and Multi-Site Retail Group (“EMR Group”), as well as the addition of our newest team member:

Spencer P. Cavalier, CFA, ASA has been promoted to the position of Managing Director. Mr. Cavalier has been a member of the Matrix EMR Group since joining the firm in 1997. Prior to Matrix he was a senior business valuation consultant with Ellin & Tucker, Chartered, and a commercial lender with NationsBank (now Bank of America). As a holder of the Chartered Financial Analyst designation, he is a member of the CFA Institute and is also recognized as an Accredited Senior Appraiser by the American Society of Appraisers. Mr. Cavalier holds a B.S. degree (with honors) from West Virginia University and an M.B.A. from Baylor University.

Cedric C. Fortemps, CFA has been promoted to the position of Managing Director. Mr. Fortemps joined Matrix in 1998 and has been a member of our EMR Group ever since. Mr. Fortemps holds a B.S.B.A. with a concentration in Finance from the University of Richmond where he graduated cum laude. He is a holder of the Chartered Financial Analyst designation and member of the CFA Institute. Mr. Fortemps serves on the Advisory Board for the University of Richmond’s Student Managed Investment Fund and has been a guest lecturer for the University’s MBA Program.

Sean P. Dooley CFA, ASA has been promoted to Senior Associate. Mr. Dooley joined our EMR Group in 2010. Prior to that time, he was an Associate in the Forensic and Valuation Services Group for the public accounting firm of Ellin & Tucker, Chartered. Mr. Dooley is a holder of the Chartered Financial Analyst designation and member of the CFA Institute. He received a B.S.B.A. with a concentration in Finance from East Carolina University.

Stephen C. Lynch, CPA has been promoted to Associate. Prior to joining our EMR Group in 2011, Mr. Lynch was an Audit Senior at Deloitte & Touche LLP, where he gained substantial experience performing financial statement audits and internal control attestations across a broad range of companies. Mr. Lynch received both a B.S. in Finance and a B.S. in Accounting & Information Systems from Virginia Polytechnic Institute and he is a CFA Level III candidate.

Steven J. Smith, CPA has joined our EMR Group as a Senior Analyst. Prior to joining Matrix he was an analyst in the Corporate and Investment Banking Group of SunTrust Robinson Humphrey and a Senior Audit Assistant at Deloitte & Touche LLP. Mr. Smith graduated with a B.S. in Accounting from the University of Richmond.

Thomas E. Kelso, Managing Director and Head of Matrix’s EMR Group commented, “This is a great achievement for Spencer and Cedric. Over the years, it has been very exciting and rewarding to watch them develop and excel in their careers at Matrix. These promotions reflect their continued commitment and dedication to achieve not only their own personal career goals, but to provide the absolute best investment banking services for our clients.”

Mr. Kelso added, “We also congratulate Sean on his promotion and becoming a Chartered Financial Analyst, and Stephen on his promotion and completion of his CFA Level II exam – all of which are excellent achievements. Their promotions are well deserved and they too reflect their continued hard work and dedication to Matrix and our clients.” Mr. Kelso went on to say, “Steven Smith becomes the eleventh member of our EMR Group and we are excited to have him join us. His hiring reflects our commitment to grow our team as demand for our services continues to increase.”