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Press Releases

February 1, 2017

Matrix Announces the Successful Sale of Leonard E. Belcher, Inc.’s Terminals and Commercial Fuels and Wholesale Distillate Businesses

RICHMOND, VA – February 1, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful sale of Leonard E. Belcher, Inc.’s (“L.E. Belcher” or the “Company”) distillate terminal assets and commercial fuels and wholesale distillate businesses to Sprague Operating Resources LLC, a subsidiary […]

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December 27, 2016 Matrix Announces the Successful Sale of Campbell Oil Company’s Heating Oil & Commercial Fuels Business to Lykins Energy Solutions

RICHMOND, VA – December 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Campbell Oil Company’s (the “Company” or “Campbell Oil”) residential heating oil and commercial fuels business to Lykins Energy Solutions. Campbell’s heating oil and commercial fuels business is one of the leading wholesale distributors […]

September 27, 2016 Matrix Announces the Successful Sale of State Oil Company’s Retail Assets and Wholesale Fuels Distribution Business

RICHMOND, VA – September 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of State Oil Company and certain related entities’ (collectively “State Oil” or the “Company”) retail assets and wholesale fuels distribution business to CrossAmerica Partners LP (NYSE:CAPL) and its affiliates (collectively “CrossAmerica”). Immediately prior […]

June 1, 2016 Matrix Announces the Successful Sale of Mutual Oil Co., Inc.’s Unbranded Wholesale Fuels Distribution Business

RICHMOND, VA – June 1, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Mutual Oil Co., Inc.’s (“Mutual” or “Company”) high volume unbranded wholesale refined fuels business to Truman Arnold Companies (“TAC Energy”), an independent national wholesale fuels distributor of refined petroleum products, headquartered in Dallas, […]