Matrix Announces the Successful Sale of CMA Supply Co., Inc.

RICHMOND, VA – December 9, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of CMA Supply Co., Inc. (“CMA Supply” or the “Company”) to Carter-Waters, LLC, a Kansas City, Missouri based portfolio company of Merit Capital Partners and Aiglon Capital Management, LLC. The acquisition forms a seventeen location platform across Indiana, Ohio, Kentucky, Missouri, Kansas, and Illinois. Matrix served as exclusive advisor to CMA Supply and the transaction was led by Andrew Chidester and Braden Hill.

CMA Supply is a regional distributor of concrete and masonry products and accessories to professional contractors in the residential, commercial, and industrial end-markets. The Company was founded by William Updike in June of 1978 in Indianapolis, Indiana and has grown to six distribution facilities and two rebar and fabrication facilities across Indiana, Kentucky, and Ohio. The Company has a premier reputation for service and product selection within the region.

Carter-Waters, LLC provides construction materials and rental equipment throughout the Midwest. The Company was founded in 1922 and was acquired by Merit Capital Partners and Aiglon Capital Management in 2014.

Bill Updike, President of CMA Supply commented, “This was a complex assignment due to the number of entities involved, the decentralized nature of our operations and the diversity of goals for the shareholder base. The Matrix team overcame every obstacle and guided us to a successful transaction for all concerned. I would recommend Matrix to any ownership group considering a transition.”

Faegre Baker Daniels LLP acted as legal advisor to CMA Supply on the transaction. Carter-Waters was represented by Reinhart Boerner Van Deuren s.c.