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Matrix Concludes Successful M&A Deal Summit

RICHMOND, VA – November 15, 2010 – Matrix Capital Markets Group announces the successful completion of the Matrix Petroleum/C-Store M&A Deal Summit sponsored by Oil Price Information Service (OPIS) held on November 11-12, 2010 at the Westin Copley Place in Boston, MA.

It was a lively, fun and informative event where attendees were divided into two teams that competed to buy a group of convenience store and petroleum marketing assets being offered for sale by a fictitious seller. Each team was challenged to value the assets, assess the environmental issues, analyze legal issues, and ultimately prepare and submit an asset purchase agreement. The sale process included multiple rounds of bidding and the participants learned how to navigate a structured sale process. Each team was advised by experienced M&A professionals from Matrix, environmental experts from Delta Consultants, and experienced attorneys from Ober Kaler Grimes & Shriver and Hunton & Williams. At the end of the Summit, a winning team was selected and prizes were awarded. As an added bonus, Dr. George Overstreet from the McIntire School of Commerce, University of Virginia, presented some original research about valuation, real estate and the need for business owners to think like investors.

There were 26 participants including individuals from Graft Oil, Cumberland Farms, Irving Oil, Leavesley Chevron, Gilbarco Veeder-Root, Quik-Way Group, Delta Oil, NACS, Dead River Company, Petrobras, Morgan Stanley, Tedeschi Food Shops, Inc., Certified Oil, SpeedyQ Markets, Strauch Companies, Cadena Comercial Oxxo, S.A. de C.V., Alliance Energy, Klein Capital and Manchester Marketing, Inc.

“This is the second year that Matrix has spearheaded this event in conjunction with OPIS and we were delighted to be a part of it. Our goal was to put on an event that was both educational and fun and where the participants had plenty of interaction with the professionals and with each other. Based on the feedback we received after the event, I feel like we accomplished that goal”, said Tom Kelso, Managing Director and head of the Matrix Energy & Multi-Site Retail Group.

Matrix’s Energy and Multi-Site Retail Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience store chains, petroleum marketers, fuels distributors, retail propane distributors, heating oil distributors, lubes retailers and distributors, terminal operators, fuels transportation companies, hospitality companies, and other specialty retail chains. Team members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, private debt and equity raises, corporate restructurings, and corporate valuations and strategic planning engagements. Since its inception in 1997, this dedicated group has successfully advised on over 75 engagements in these sectors.