RICHMOND, VA – February 2, 2016 – The Downstream Energy & Retail Group of Matrix Capital Markets Group, Inc. (“DER Group”) continued to be the most active transactional advisory services provider to downstream energy and convenience retailing companies in 2015, successfully advising on eighteen (18) M&A transactions that closed during the year. The clients the DER Group advised in 2015 included public companies, multi-generational privately-held companies, and a Foundation, and many of the transactions involved iconic companies and/or industry leaders, including; Warren Equities, Tedeschi Food Shops, Pester Marketing Company, Erickson Oil Products, Biscayne Petroleum and Everglades Petroleum, and Kocolene Marketing. There were seventeen (17) different buyers in these transactions, including Global Partners LP (NYSE:GLP), Petroleum Marketing Group, 7-Eleven, Inc., CrossAmerica Partners LP (NYSE:CAPL), TravelCenters of America LLC (NYSE:TA), Sunoco LP (NYSE:SUN), Quality Oil Company and World Fuel Services, Inc. (NYSE:INT). In addition to these transactions, the twelve (12) investment bankers in the DER Group, who are solely dedicated to advising companies in these industries, managed a number of other confidential valuation and corporate advisory assignments.
Thomas Kelso, Managing Director & Head of Matrix’s Downstream Energy and Retail Group commented, “We congratulate all of our clients on their successes which, in many cases, represent the work of multiple generations. We thank them for the confidence and trust they had in our DER Group when they chose to exit the industry and we wish them all well in their next endeavors.”
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Contact:
Tom Kelso, Managing Director, Head of Downstream Energy & Retail Group | 667.217.3330 | tkelso@matrixcmg.com
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