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Matrix Announces the Successful Sale of the Assets of RWJ Management Co., Inc. & Related Entities

BALTIMORE, MD – August 2, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of the assets of RWJ Management Co., Inc., RWJ Crestwood LLC, RWJ Downers Grove LLC, RWJ Elmhurst LLC, RWJ Forestview LLC, RWJ Glen Ellyn LLC, RWJ Management Co. II, Inc., RWJ Munster LLC, RWJ Plainfield LLC, RWJ Romeoville LLC, RWJ Wauconda LLC, RWJ Yorkville LLC, all Debtors-in-Possession, Case #11-34845 (ERW) (Joint Administration), U.S. Bankruptcy Court for the Northern District of Illinois (Eastern Division) (collectively referred to herein as “RWJ”). RWJ operated ten (10) BP branded retail convenience stores that also offered motor fuels in the greater Chicago area. The Company’s assets were purchased by Graham Enterprises, Inc. (“Graham”) on July 19, 2013 pursuant to an Order of the United States Bankruptcy Court having jurisdiction over this matter.

Matrix provided merger and acquisition advisory services to RWJ, which included valuation advisory, transaction structuring, marketing, and negotiation. Matrix designed and implemented a sale process that had twenty-three parties execute non-disclosure agreements and resulted in seven offers for all of the assets. The transaction was managed by Tom Kelso, Managing Director and head of the Matrix Energy and Multi-Site Retail Group and Cedric Fortemps, Director. Vance Saunders, Vice President and Stephen Lynch, Senior Analyst also assisted with the transaction.

Mr. Kelso commented, “We were determined to work through the many legal and operational challenges that this Case presented, including the branding and deed restrictions on the stores. We are pleased to have achieved this successful result for all of the Company’s creditors, and appreciate the opportunity to have worked with the Chapter 11 Trustee, Philip V. Martino, and his team to complete the closing.”