Spencer Cavalier and Cedric Fortemps, Co-Heads of Matrix's Downstream Energy & Convenience Retail Investment Banking Group, recently had the honor of presenting at the 2020 SIGMA Virtual Annual Conference.
“We are very pleased to have transitioned the ownership of our business to a buyer committed to the continued success and long-term growth of Budget Signs. The Matrix team proved to be extremely valuable in running a highly disciplined process that identified a buyer that satisfied the objectives we were looking to accomplish.”Ed Armentrout, President
“Our experience with Matrix was exceptional. Their professionalism and experience was instrumental in developing a competitive bid process and their expertise in the petroleum distribution and convenience retail space created a broad spectrum of prospects. As a legacy, family owned marketer, it was very important that we partnered with a buyer of integrity and character for our employees, our customers and our supplier partners. Matrix was instrumental in achieving a successful sale on all fronts.”Edward Hough, President
“After considerable research, we settled on Matrix to represent us and feel we could not have made a better selection. They did a great job of keeping the process moving in a positive direction and we were extremely pleased with the outcome.”James Barnwell, President
“Matrix did an outstanding job of identifying a partner that both shared my vision and accomplished my goals in this transaction without a prolonged and time-consuming auction process. I look forward to the opportunity to partner with J.H. Whitney and to continue to serve all of our customers’ needs.”Stephen Fogler, President
“When we approached Matrix, we asked them to explore alternatives to create liquidity for a departing shareholder. Their marketing efforts generated attractive opportunities from a wide range of capital providers; however, we ultimately decided that a minority capital raise through a senior debt instrument was the right solution and best achieved our objectives. The Matrix team was extremely professional throughout the process and did an excellent job managing a highly complex transaction.”Bryan Johnson, CEO