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Matrix Serves as Exclusive Advisor to Butler Woodcrafters, Inc. on its Sale to Sauder Manufacturing Co.

RICHMOND, VA – February 4, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Butler Woodcrafters, Inc. (“Butler”) to Sauder Manufacturing Co., a wholly owned subsidiary of Sauder Woodworking Company (“Sauder”). Headquartered in Richmond, Virginia, Butler is a leading manufacturer of institutional furniture for the education and human services markets. Sauder, headquartered in Archbold, Ohio, serves as one the largest manufacturers of seating products for the worship, healthcare and education markets.

Matrix Capital Markets Group served as exclusive financial advisor to Butler. The transaction was led by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral. Mike Morrison, President of Matrix, commented, “We are pleased to have assisted Larry and Mary Ellen Giaimo in this transaction. This is a fantastic outcome that provides an ideal cultural fit and positions the Butler brand for an exciting new chapter.”

Larry Giaimo, President of Butler said, “This is an excellent result for Butler and our valued employees. We are thrilled to partner with the Sauder team to construct new ways to deliver value to customers in our respective markets. We also appreciate the tremendous efforts of Matrix Capital throughout the transaction. They exceeded our expectations in every respect.”

Phil Bontrager, President and CEO of Sauder added, “We have a tremendous amount of respect for Larry and Mary Ellen Giaimo and the business they have built. We are excited to strengthen our presence in existing markets and enter into new markets already served by Butler. We share their enthusiasm and believe the combination of our businesses will create an enhanced experience for all of our customers.”

Attorneys involved in the transaction included Williams Mullen, who represented the seller, and Varnum LLP, who represented the buyer.

About Matrix Capital Markets Group
Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA. Since 1988, Matrix has provided merger & acquisition and financial advisory services for privately-held, private-equity owned and publicly traded companies, including sell-side M&A advisory, recapitalizations, asset divestitures, corporate valuations, corporate recovery, buy-side M&A advisory, capital raises of debt and equity, management buyouts, corporate advisory and fairness opinions. Matrix has served clients in a wide range of industries, including building products, business services, consumer products, energy & multi-site retail, healthcare, industrial products, lumber and media & communications. For additional information, please visit www.matrixcmg.com.

Securities offered by Matrix Private Equities, Inc., an affiliate of Matrix Capital Markets Group,  Inc., Member FINRA & SIPC.