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Matrix Expands Industry Group, Announces Promotion

RICHMOND, VA/BALTIMORE, MD – February 17, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce that David Corbett has joined the firm as a Director, and Kyle Tipping has been promoted to Associate.

David L. Corbett, CFA, Director has joined Matrix’s Downstream Energy & Convenience Retail Investment Banking Group.  He has more than 15 years of experience advising companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals and car washes. Prior to joining Matrix, Mr. Corbett was an investment banker at Raymond James & Associates and Morgan Keegan & Company focused on the downstream energy and convenience retailing sector.

He received a B.A. in Journalism with a concentration in Public Relations from The University of Georgia and an M.B.A. from Georgia State University.  He is a CFA Charterholder and member of the CFA Institute and the CFA Society Atlanta.

Kyle B. Tipping has been promoted to Associate. He has been a member of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group since 2017.  During that time, he has assisted on eight successful engagements including the sale of Petr-All Petroleum and Apache Oil, as well as Giant Eagle’s acquisition of Ricker Oil.  Prior to joining the firm, Mr. Tipping was a research analyst at JoycePayne Partners.  He received a B.A. in Mathematics and Economics from Washington & Lee University.  He has also successfully completed the CFA Level III exam and will be eligible to receive his charter upon application approval by the CFA Institute.

Spencer Cavalier, Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group, said “We are very excited that David has joined Matrix as he brings a tremendous amount of additional industry transaction experience and knowledge to our team.  Kyle has been a very strong contributor as an analyst, and his promotion is well deserved.  We look forward to his continued growth at Matrix and service to our downstream energy and convenience retail clients.”