All Press Releases

RICHMOND, VA / BALTIMORE, MD – January 29, 2024 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane (“Eastern Sierra” or the “Company”) on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) (“Ferrellgas”). The Company is one of the […]

RICHMOND, VA / BALTIMORE, MD – January 26, 2024 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Shape LLC (“Shape” or the “Company”) to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap […]

RICHMOND, VA / BALTIMORE, MD – January 11, 2024 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. (“BTOC” or the “Company”) to Parker Oil Company Incorporated. Based in Fayetteville, […]

RICHMOND, VA / BALTIMORE, MD – December 18, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. (“Santmyer” or the “Company”) on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its […]

RICHMOND, VA/BALTIMORE, MD – November 14, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Day Motor Sports, LLC (“Day Motor Sports” or the “Company”) to Chief Executive Officer Dan Hamilton and Chief Financial Officer Stacy Hamilton. Prior to […]

RICHMOND, VA/BALTIMORE, MD – November 9, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Coborn’s, Inc. (“Coborn’s” or the “Company”) on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC. […]

RICHMOND, VA/BALTIMORE, MD – November 2, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates (“Springer Eubank” or the “Company”) on the sale of the Company’s assets including the travel center & […]

RICHMOND, VA / BALTIMORE, MD – August 23, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Mystic Oil Company, Inc. and its affiliates (“Mystic Oil” or the “Company”) on its sale to Petroleum Marketing Group, Inc.  The Company sells fuels […]

RICHMOND, VA / BALTIMORE, MD – August 17, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised H.A. Mapes, Inc. (“H.A. Mapes” or the “Company”) on its sale to Nouria Energy Retail, Inc., a subsidiary of Nouria Energy Corporation (“Nouria”). While […]

RICHMOND, VA / BALTIMORE, MD – August 10, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the recapitalization of American Producers Supply Co., Inc. (“American Producers”, “APS” or the “Company”), a leading value-added distributor of industrial and construction supplies, by Merit […]

RICHMOND, VA / BALTIMORE, MD – July 18, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. (“Vital Plastics” or the “Company”), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners […]

RICHMOND, VA / BALTIMORE, MD / NEW YORK, NY – July 17, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised BeWell Network, LLC (“BeWell” or the “Company”) on its successful sale to H.E.R. Management, LLC. BeWell is a residential and […]

RICHMOND, VA / BALTIMORE, MD – June 28, 2023 –Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division (“Antilles L&G” or the “Company”) of Antilles Power Depot Inc. (“APD”) to Freije Supply Inc. (“Freije Supply”). Antilles […]

RICHMOND, VA / BALTIMORE, MD – June 12, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that it served as lead advisor on Apollo Veterinary Medical Hospitals and AVMH Ventures’ (“Apollo” or the “Company”) recapitalization and acquisition of a multi-state portfolio of Pet Supplies […]

RICHMOND, VA/BALTIMORE, MD – June 7, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, today announced the successful closing on the sale of the retail motor fuels, convenience retail, and fleet fueling businesses of WTG Fuels Holdings, LLC (“WTG Fuels” or the “Company”) to subsidiaries […]

RICHMOND, VA / BALTIMORE, MD – June 1, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised TBC Corporation (“TBC” or the “Company”) on the sale of TBC’s company operated retail businesses to Mavis Tire Express Services Corp. (“Mavis”). The sale […]

RICHMOND, VA / BALTIMORE, MD – May 11, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Modesto, CA-based Boyett Petroleum (“Boyett” or the “Company”) on the sale of its ten company-operated petroleum marketing and convenience retail stores to Apro, LLC […]

RICHMOND, VA / BALTIMORE, MD – April 20, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it served as lead advisor on Santmyer Companies, Inc.’s (“Santmyer” or the “Company”) financing and acquisition of Cole Distributing, Inc. located in Shelby, Ohio. A privately-owned and […]

RICHMOND, VA / BALTIMORE, MD – April 12, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Fayetteville, NC-based Li’l Thrift Food Marts, Inc. and its affiliates d/b/a Short Stop (“Li’l Thrift” or the “Company”) on the sale of the Company’s […]

RICHMOND, VA / BALTIMORE, MD – January 26, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Alpena Oil Company, Inc. (“Alpena Oil” or the “Company”) on its sale to Blarney Castle Oil Co.  Alpena is a leading, northern Michigan grocery […]

As we embark on our 35th year, we would like to thank all of our clients who made 2022 such a great year at Matrix.  We sincerely appreciate the trust they placed in us to advise on their M&A transactions, capital raising needs, and valuation mandates. For over 35 years, […]

RICHMOND, VA / BALTIMORE, MD – January 10, 2023 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Bond Distributing Company (“Bond”) to Origlio Beverage (“Origlio”). Origlio acquired Bond in partnership with “HOBO” (the Honickman, Origlio, and Bergson families), which […]

RICHMOND, VA / BALTIMORE, MD – December 14, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that Tri Gas & Oil Co., Inc. (“Tri Gas & Oil”) and its affiliate Comfort Plus Services, LLC have acquired Pep-Up, Inc. (“Pep-Up”), a leading Delmarva Peninsula based […]

RICHMOND, VA / BALTIMORE, MD – November 21, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it served as lead financial advisor on Carroll Independent Fuel’s (“Carroll” or the “Company”) syndicated debt refinancing. A privately-owned, full-service fuel company established in 1907 in Baltimore, […]

RICHMOND, VA / BALTIMORE, MD – November 10, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Community Service Stations, Inc. (“CSS” or the “Company”) on its sale to CrossAmerica Partners LP (NYSE: CAPL). CSS is a leading New England based […]

RICHMOND, VA / BALTIMORE, MD – November 9, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Holt Oil Company, Inc. (“Holt” or the “Company”) on the sale of its 19 petroleum marketing and convenience retail stores and wholesale dealer business […]

RICHMOND / BALTIMORE – October 17, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to share the following announcements: In addition to his role as Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group, Spencer P. Cavalier, CFA has been named […]

RICHMOND, VA / BALTIMORE, MD – October 11, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Green Castle Recovery Centers, LLC d/b/a Sanford Behavioral Health (“Sanford”) on a successful capital raise. Sanford is a residential and outpatient behavioral health provider […]

RICHMOND, VA / BALTIMORE, MD – September 21, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Tidewater Convenience, Inc., d/b/a Tidewater Convenience, and its affiliates (collectively, “Tidewater” or the “Company”) on the sale of the Company’s 14 company-operated petroleum marketing […]

RICHMOND, VA / BALTIMORE, MD – July 25, 2022 –Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the fleet fueling and dealer supply businesses of Quarles Petroleum, Incorporated (“Quarles” or the “Company”) to GPM Investments, LLC, a subsidiary of […]

RICHMOND, VA / BALTIMORE, MD – July 13, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that Penn Tank Lines, Inc. (“Penn Tank Lines” or the “Company”) has acquired Jet Star, Inc. (“Jet Star”), a leading aviation fuels, food grade products, ethanol, and other […]

RICHMOND, VA / BALTIMORE, MD – June 7, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of MXL Industries, Inc. (“MXL” or the “Company”), a manufacturer of high-quality optical plastic products, to Plaskolite LLC (“Plaskolite”), a global leader in […]

RICHMOND, VA / BALTIMORE, MD – June 6, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Haywood Oil Company, Inc. d/b/a Peak Energy (“Peak” or the “Company”) on the sale of its heating oil and commercial fuels businesses to Colonial […]

RICHMOND, VA / BALTIMORE, MD – June 2, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Fikes Wholesale, Inc., d/b/a CEFCO Convenience Stores, and its affiliates (“CEFCO” or the “Company”) on the divestment of 50 of the Company’s company-operated petroleum […]

RICHMOND, VA / BALTIMORE, MD – June 1, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the propane and refined products distribution business of Quarles Petroleum, Inc. (“Quarles” or the “Company”) to Superior Plus Energy Services, Inc., […]

RICHMOND, VA / BALTIMORE, MD – May 18, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it served as lead advisor on Saratoga Casino Holdings’ (“SCH” or the “Company”) financing and acquisition of Magnolia Bluffs Casino Hotel in Natchez, Mississippi (acquisition subject to […]

RICHMOND, VA / BALTIMORE, MD – April 29, 2022 – Matrix is pleased to announce that Casey Van de Walle has been named to ABF Journal’s 2022 Top Women in Asset-Based Lending.  Female professionals from multiple disciplines including, investment banking and strategic advisory, lending, private equity, accounting and legal are […]

RICHMOND, VA / BALTIMORE, MD – April 12, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Melvin L. Davis Oil Company, Inc.  d/b/a Davis Travel Centers (“Davis” or the “Company”) on the sale of its highway travel centers, convenience retail […]

RICHMOND, VA / BALTIMORE, MD – April 4, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Global Partners LP (NYSE:GLP) (“Global” or the “Company”) on the sale of select fuel and convenience retail outlets (the “Stores”) to an affiliate of […]

RICHMOND, VA/BALTIMORE, MD – March 18, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce several promotions, as well as welcome new team members. Several team members have made outstanding contributions to the firm and are being recognized for the following achievements: […]

RICHMOND, VA / BALTIMORE, MD – February 2, 2022 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Miller Oil Company, Inc., d/b/a Millers Energy, and its affiliates (“Miller” or the “Company”) on the sale of the Company’s 21 company-operated petroleum marketing […]

Friends, We sincerely hope that you and your families continue to be healthy and safe.  We want to start by thanking all of our clients who made 2021 the most successful year in the history of Matrix.  We greatly appreciate that they entrusted us to advise them on their M&A […]

We hope that you and your families continue to be healthy and safe.  We want to start by thanking all of our clients who made 2021 the most successful year in the history of Matrix, and in particular, our Downstream Energy & Convenience Retail (DER) Investment Banking Group.  We greatly […]

RICHMOND, VA / BALTIMORE, MD – December 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Penta Operating, LLC d/b/a Jack’s Convenience Stores (“Jack’s” or the “Company”) on the sale of eight petroleum marketing and convenience retail stores and one […]

RICHMOND, VA / BALTIMORE, MD – December 20, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Haywood Oil Company, Inc. d/b/a Peak Energy (“Peak” or the “Company”) on the sale of its convenience retail, petroleum marketing, and wholesale fuels business […]

RICHMOND, VA / BALTIMORE, MD – December 20, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Berger & Burrow Enterprises, Inc. d/b/a Dynamic Mobile Imaging (“Dynamic” or “DMI”), on its successful sale to True North Health Navigation LLC d/b/a DispatchHealth, […]

RICHMOND, VA / BALTIMORE, MD – December 17, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of ICAT Logistics, Inc. (“ICAT” or the “Company”) to an investment group led by KCM Capital Partners LLC (“KCM”), Lightspring Capital Partners (“Lightspring”), […]

RICHMOND, VA / BALTIMORE, MD – December 17, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the assets of Slidell Oil Company, LLC (“Slidell” or the “Company”) to Circle K Stores Inc. Slidell owned a chain of […]

RICHMOND, VA / BALTIMORE, MD – December 16, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Tri-State Petroleum Corporation and its affiliates (“Tri-State” or the “Company”) on the sale of the Company’s 25 company-operated petroleum marketing and convenience retail stores, […]

RICHMOND, VA / BALTIMORE, MD – December 15, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Diversified Energy, LLC (“Diversified Energy” or the “Company”) on the sale of its propane distribution business to Sharp Energy, Inc., a wholly owned subsidiary […]

RICHMOND, VA / BALTIMORE, MD – December 10, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Southern Counties Oil Co., L.P. d/b/a SC Fuels (“SC Fuels” or the “Company”) on its sale to Pilot Company (“Pilot”).  In addition to operating […]

RICHMOND, VA/BALTIMORE, MD – November 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the s­ale of the assets of Rusher Oil Company and Rushco Food Stores, Inc. to Sampson-Bladen Oil Co., Inc. and its affiliates. Rusher Oil Company distributed […]

RICHMOND, VA / BALTIMORE, MD – November 10, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised E.J. Pope & Son, Inc. d/b/a Handy Mart (“EJP” or the “Company”) on the sale of its 36 petroleum marketing and convenience retail stores […]

RICHMOND, VA/BALTIMORE, MD – November 2, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce that Tod Butler has received the Society of Independent Gasoline Marketers of America (SIGMA) 2021 Distinguished Statesman Award. The award was presented to Mr. Butler as an […]

RICHMOND, VA/BALTIMORE, MD – October 25, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce several promotions, as well as welcome new team members. Several team members have made outstanding contributions to the firm and are being recognized for the following achievements: […]

RICHMOND, VA/BALTIMORE, MD – October 12, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Jacksons Food Stores, Inc. (“Jacksons” or the “Company”) on the acquisition of 62 Speedway and 7-Eleven convenience stores with fuels in California, Arizona and Nevada from […]

RICHMOND, VA/BALTIMORE, MD – October 5, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Spencer Turbine  (the “Company”) to a wholly-owned subsidiary of Howden Group Limited (“Howden”), a portfolio company of KPS Capital Partners, LP (“KPS”).   Spencer Turbine […]

RICHMOND, VA/BALTIMORE, MD – October 1, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Lykins Companies, Inc., t/a Lykins Energy Solutions, (“Lykins” or the “Company”) on the sale of the Company’s commercial fuels, heating oil & propane, wholesale fuels, and […]

RICHMOND, VA/BALTIMORE, MD – September 14, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Mercury Fuel Service, Inc. (“Mercury” or the “Company”) on the sale of the Company’s twenty (20) petroleum marketing and convenience retail stores (the “Stores”) and fuels […]

RICHMOND, VA/BALTIMORE, MD – August 10, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Sherman V. Allen, Inc. (“SVA” or the “Company”) on the sale of its thirteen (13) “Mac’s Market” branded convenience retail stores and one (1) commissioned agent […]

RICHMOND, VA/BALTIMORE, MD – August 6, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce that Amanda Verner Thompson was recently appointed to the Board of Directors for HealthCare Access Maryland (“HCAM”). HCAM’s Board of Directors provides strategic focus and guidance to […]

RICHMOND, VA / BALTIMORE, MD – July 13, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the formation of a new Capital Advisory Investment Banking Group.  John J. Whalen, Managing Director, has been named head of the new group and M. […]

RICHMOND, VA/BALTIMORE, MD – June 28, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Circle K Stores Inc. (“Circle K” or the “Company”) on the sale of forty-eight (48) petroleum marketing and convenience retail stores (the “Stores”) to Casey’s General […]

RICHMOND, VA/BALTIMORE, MD – June 16, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Freeman Gas and Electric Co., Inc. (“Freeman” or the “Company”) to Superior Plus Energy Services, Inc., a subsidiary of Superior Plus Corp. (TSX:SPB).  […]

RICHMOND, VA/BALTIMORE, MD – June 10, 2021 – Matrix is pleased to announce that Amanda Verner Thompson and Vasanta Pundarika have been named to ABF Journal’s 2021 Top Women in Asset-Based Lending. Female professionals from multiple disciplines including, strategic advisors, lenders, private equity, accounting and legal were included in this […]

RICHMOND, VA/BALTIMORE, MD – June 2, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Toms Sierra Company, Inc. (“Sierra” or the “Company”) on the sale of thirteen (13) of the Company’s sixteen (16) petroleum marketing and convenience retail stores to […]

RICHMOND, VA/BALTIMORE, MD – May 21, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Van Unen/Miersma Propane, Inc. (“VMP”), in some markets as d/b/a Sierra Propane, and its affiliate Windmill Propane, Inc. (“Windmill Propane”) or collectively the (“Company”) on its […]

RICHMOND, VA/BALTIMORE, MD – March 30, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce two promotions and welcomes our newest member to the Downstream Energy & Convenience Retail Investment Banking Group. John T. Mickelinc has been promoted to Associate. He has […]

RICHMOND, VA/BALTIMORE, MD – March 1, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Walker Magnetics Group, Inc. (“Walker Magnetics” or the “Company”) to Industrial Magnetics, Inc. (“IMI”), a portfolio company of DNS Capital, LLC (“DNS”).  Prior to […]

RICHMOND, VA/BALTIMORE, MD – February 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of ASAP Expediting & Logistics, LLC and G&H Transport, LLC (collectively, “ASAP”, “ASAP Expediting & Logistics” or the “Company”) to Trump Card Holdings, LLC (“TrumpCard”), […]

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 […]

We sincerely hope that you and your families are well and safe. 2020 will certainly be a year we will always remember. None of us could have imagined all the difficulties we would be facing: a pandemic that spread quickly throughout the world; businesses closed; family and friends unemployed; remote […]

RICHMOND, VA/BALTIMORE, MD – January 26, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised R.M. Parks, Inc. (“R.M. Parks” or the “Company”) on the sale of its U.S. wholesale petroleum distribution assets to PacWest Energy, LLC, a joint venture between […]

RICHMOND, VA/BALTIMORE, MD – January 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the relocation of their downtown Richmond headquarters from James Center II to Gateway Plaza, effective February 1, 2021.  Their new address will be:  Gateway Plaza, 800 East […]

RICHMOND, VA/BALTIMORE, MD – January 15, 2021 –Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Pester Marketing Company (“Pester” or the “Company”) d/b/a Alta Convenience on its sale to a joint venture entity between Fortress Investment Group LLC (“Fortress”) and a subsidiary […]

RICHMOND, VA / BALTIMORE, MD – January 15, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the promotion of Matt C. Oldhouser, CPA to Associate. Mr. Oldhouser has been a member of Matrix’s Consumer & Industrial Investment Banking Group since 2019.  […]

RICHMOND, VA / BALTIMORE, MD – January 13, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, has expanded its Healthcare Investment Banking Group with the addition of two new team members. Casey Van de Walle has joined the firm as a Director.  She was previously […]

RICHMOND, VA/BALTIMORE, MD – January 7, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that Penn Tank Lines, Inc. (“Penn Tank Lines” or the “Company”) has acquired Stardust Transportation, LLC (“Stardust”), a leading aviation gasoline and jet fuel transportation company based in Fishers, Indiana. […]

RICHMOND, VA/BALTIMORE, MD – December 21, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that Tri Gas & Oil Co., Inc. (“Tri Gas & Oil”) and Comfort Plus Services, LLC (“Comfort Plus Services” or “CPS”) or (collectively, the “Company”) has acquired a leading Delmarva […]

RICHMOND, VA / BALTIMORE, MD – December 9, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised on the sale of New West Oil Company, L.L.C. (“New West” or the “Company”) to RelaDyne LLC, a portfolio company of Audax Private Equity. […]

RICHMOND, VA / BALTIMORE, MD – December 2, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces the successful closing on the sale of the assets of Stop-N-Go of Madison, Inc. and its affiliates (“Stop-N-Go” or the “Company”) to Kwik Trip, Inc. Based in Madison, […]

RICHMOND, VA / BALTIMORE, MD – November 3, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has served as financial advisor to Montana Children’s Home and Hospital d/b/a Shodair Children’s Hospital (“Shodair”) on the successful issuance of its Series 2020A/B Bonds.  Shodair, […]

RICHMOND, VA / BALTIMORE, MD – October 26, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces the successful closing on the sale of the propane, petroleum, and lubricant operations of Dixie Gas & Oil Corporation (“Dixie” or the “Company”) to Quarles Petroleum, Inc. Based […]

RICHMOND, VA / BALTIMORE, MD – September 23, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised EnergyUnited Electric Membership Corporation (“EMC”) on the sale of its wholly-owned propane distribution subsidiary, EnergyUnited Propane, LLC (“EUP”), to ThompsonGas, LLC (“ThompsonGas”). EUP is […]

RICHMOND, VA / BALTIMORE, MD – September 15, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Martin Eagle Oil Company (“Martin Eagle” or the “Company”) on the sale of its convenience retail and wholesale motor fuels businesses to an undisclosed […]

RICHMOND, VA / BALTIMORE, MD – September 9, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, has expanded its industry coverage with the establishment of the Matrix Healthcare Investment Banking Group. Leading this dedicated industry group will be Amanda Verner Thompson and Vasanta B. Pundarika, […]

RICHMOND, VA/BALTIMORE, MD – September 1, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Medical Gas Supply, LLC d/b/a Bestway Welding Supply (“Bestway” or the “Company”) to American Welding & Gas, Inc. (“AWG”), one of the nation’s largest […]

RICHMOND, VA / BALTIMORE, MD – August 27, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Wadsworth Oil Company of Clanton, Inc. (“Wadsworth” or the “Company”) on the sale of the Company to Circle K Stores Inc. Wadsworth was founded […]

RICHMOND, VA / BALTIMORE, MD – August 11, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce two promotions, as well as the addition of two new team members. John C. Duni, CFA, CPA has been promoted to Vice President. Mr. Duni […]

RICHMOND, VA / BALTIMORE, MD – August 6, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Midwestern Propane Gas Co. (“Midwestern Propane” or the “Company”) on the sale of its propane distribution business to ThompsonGas, LLC. Midwestern Propane is one […]

RICHMOND, VA / BALTIMORE, MD – April 23, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Double Quick, Inc. (“Double Quick”) on the sale of its convenience retailing, petroleum marketing, and quick service restaurant (“QSR”) assets to Charleston, SC based […]

RICHMOND, VA / BALTIMORE, MD – April 20, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Martin Eagle Oil Company (“Martin Eagle” or the “Company”) on the sale of its municipal and commercial fuels businesses and transportation affiliate, Southwest Transport […]

RICHMOND, VA / BALTIMORE, MD – March 17, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the recapitalization of Shades of Light, LLC (“Shades of Light” or the “Company”). Matrix assisted Shades of Light in raising capital for the purpose of […]

RICHMOND, VA / BALTIMORE, MD – February 3, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Quarles Petroleum, Inc., (“Quarles” or the “Company”) on the sale of its propane rail terminal to an undisclosed buyer. The state-of-the-art rail terminal provides […]

RICHMOND, VA / BALTIMORE, MD – January 23, 2020 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce several promotions, as well as the addition of a new team member. William J. O’Flaherty has been promoted to Director. He has been a member […]

As we reflect on 2019, we would like to take this opportunity to thank our clients for the privilege of working with them, and we appreciate the trust they placed in us as their advisor. Our investment banking professionals are passionate about helping our clients achieve the best result possible […]

RICHMOND, VA/BALTIMORE, MD – December 16, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces the successful closing on the sale of Boulden, Inc.’s (“Boulden” or the “Company”) propane distribution business to Sharp Energy, Inc., a Dover, Delaware based subsidiary of Chesapeake Utilities Corporation (NYSE:CPK). […]

RICHMOND, VA / BALTIMORE, MD – November 1, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised ITOCHU Corporation (TYO:8001) (“ITOCHU”) and its subsidiary IPC (USA), Inc. (“IPC”) on the sale of IPC’s U.S. wholesale petroleum distribution business to TACenergy, a […]

RICHMOND, VA / BALTIMORE, MD – October 16, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised The Hartley Company, d/b/a Starfire, (“Hartley” or the “Company”) on the sale of its convenience retailing and petroleum marketing assets to Massillon, Ohio based […]

RICHMOND, VA / BALTIMORE, MD – October 1, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of G.G. Schmitt & Sons, Inc. (“G.G. Schmitt” or the “Company”) to Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick”), a manufacturer and distributor of […]

RICHMOND, VA / BALTIMORE, MD – September 18, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce the addition of three new team members. Matt C. Oldhouser, CPA has joined the firm as a Senior Analyst with Matrix’s Consumer & Industrial Products […]

RICHMOND, VA / BALTIMORE, MD – August 27, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Schmuckal Oil Company and its affiliates (“Schmuckal” or the “Company”) on the sale of its 25 convenience retailing and petroleum marketing assets to True […]

RICHMOND, VA / BALTIMORE, MD – July 24, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Richmond Electric Supply Co., LLC (“RESCO” or the “Company”) to Locke Supply Co. (“Locke”), an employee-owned plumbing, electrical, and HVAC distributor located […]

RICHMOND, VA / BALTIMORE, MD – July 1, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Fastrac Markets, L.L.C., Fastrac Transportation of New York, LLC, and related real estate entities (collectively, “Fastrac” or the “Company”) on the sale of its […]

RICHMOND, VA / BALTIMORE, MD – June 27, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Apache Oil Company, Inc. and its affiliates (“Apache” or the “Company”) on the sale of its petroleum marketing and retail fuels distribution business to […]

RICHMOND, VA / BALTIMORE, MD – June 18, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce two recent promotions, as well as the addition of a new team member. Sean P. Dooley, CFA, ASA has been promoted to Director. He has […]

BALTIMORE, MD – May 23, 2019 – Thomas E. Kelso, President of Matrix Capital Markets Group, Inc., has been named the 2019 recipient of the Reverend Charles K. Riepe Alumni Award. Presented by The John Carroll School, an independent Catholic high school in Bel Air, MD, the award recognizes alumni […]

RICHMOND, VA / BALTIMORE, MD – May 20, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the closing of the previously announced sale of California-based Certified Tire & Service Centers, Inc. (“Certified Tire” or the “Company”) to Monro, Inc. (NASDAQ: MNRO) […]

RICHMOND, VA – May 1, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised West Oil, Inc. (“West” or the “Company”) on the sale of its 25 Markette convenience stores and one Lotto Land convenience store in South Carolina to FR […]

RICHMOND, VA – February 25, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Chesapeake, VA-based Tri-State Utilities Company (the “Company” or “Tri-State”) to Hoffman Southwest Corp. (“HSW”), a portfolio company of ORIX Capital Partners LLC (“ORIX”). Founded in 1990 by Steve […]

RICHMOND, VA – January 23, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank is pleased to announce several promotions, expansion of its Marketing Group, and the addition of a new industry team member. We would also like to take this opportunity to thank all of […]

RICHMOND, VA – January 18, 2019 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Schmitt Sales, Inc.’s (“Schmitt Sales” or the “Company”) convenience retailing and wholesale fuel assets to Sunoco LP (NYSE: SUN). Schmitt Sales owned and operated […]

RICHMOND, VA – December 20, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Revere Gas, Inc.’s (“Revere” or the “Company”) propane distribution and rail terminal business to Quarles Petroleum, a Virginia based provider of residential and commercial […]

RICHMOND, VA – December 4, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful acquisition of Ricker Oil Company, Inc. (“Ricker Oil”) by Giant Eagle, Inc. (“Giant Eagle” or the “Company”). Ricker Oil owns and operates 56 Ricker’s convenience stores located in the […]

RICHMOND, VA – November 5, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Petr-All Petroleum Consulting Corporation’s, d/b/a Express Mart (“Petr-All”, “Express Mart”, or the “Company”), 78 convenience retailing and petroleum marketing assets to Speedway LLC, a wholly […]

RICHMOND, VA – October 1, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of West Columbia, South Carolina-based Engineered Metals and Composites, Inc. (“EMC” or the “Company”) to Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick”), a publicly-traded manufacturer of component […]

RICHMOND, VA – September 28, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Croix Oil Company’s (“Croix” or the “Company”) convenience retailing assets to Northern Tier Retail, LLC (d/b/a SuperAmerica® and Tesoro), a subsidiary of Andeavor and […]

RICHMOND, VA – September 17, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent, investment bank, is pleased to announce the formation of a new in-house business consulting group, Matrix Consulting Services Group (“MCS”), and welcomes Melvin L. Strine as Director of the new endeavor. This specialized group […]

RICHMOND, VA – September 10, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Tevis Oil, Inc.’s (collectively “Tevis” or the “Company”) convenience retailing and wholesale motor fuel assets to SMO, Incorporated (d/b/a SMO Motor Fuels and […]

RICHMOND, VA – August 13, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces that it has advised Carolina Convenience Corporation (“Carolina Convenience” or the “Company”) on the sale of seven of its S-Mart branded convenience stores and its wholesale fuels distribution business in […]

RICHMOND, VA – July 26, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces that it has advised Cheshire Oil Company, LLC (“Cheshire Oil” or the “Company”) on the sale of its ten (10) “T-Bird Mini Marts” branded convenience stores located in New Hampshire […]

RICHMOND, VA – July 18, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Champlain Oil Company, Inc. and Coco Mart, Inc. (collectively “Champlain” or the “Company”) to Global Partners LP (NYSE: GLP). The acquired assets include 37 company operated convenience stores […]

RICHMOND, VA – July 2, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the sale of NEMO Oil Company, d/b/a New England Motor Oil (“NEMO” or the “Company”) to a subsidiary of a publicly-traded company.  The transaction closed on June […]

RICHMOND, VA – June 20, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the promotion of two professionals, as well as the addition of a new team member to the firm. Matrix would like to recognize the following individuals whose […]

RICHMOND, VA – April 19, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces that it has advised Brabham Oil Company, Inc. (“Brabham” or the “Company”) on the sale of its 34 E-Z Shop convenience stores in South Carolina to Enmark Stations, Inc. d/b/a Enmarket, a subsidiary of […]

RICHMOND, VA – March 23, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces that it has advised CHS Inc. (“CHS” or the “Company”) on the sale of its 33 Cenex Zip Trip convenience stores in eastern Washington and northwestern Idaho to a subsidiary […]

RICHMOND, VA – March 13, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Polsinello Fuels, Inc.’s (“PFI” or the “Company”) Home Heating and Commercial Fuels Business to Mirabito Holdings, Inc. The acquired assets consist of PFI’s […]

RICHMOND, VA – March 7, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”) announces that it has advised Crenco Food Stores, Inc. and Crenshaw Oil Company, Inc. (hereinafter referred together as “Crenco” or “Company”) on the sale of their four convenience stores and one truck stop location to GPM Southeast, […]

RICHMOND, VA – March 2, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the sale of Connecticut Warehouse Distributors, Inc. and its subsidiaries (the “Company” or “CWD”) to Elliott Auto Supply Co., Inc. d/b/a Factory Motor Parts. The transaction closed […]

RICHMOND, VA – February 26, 2018 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is celebrating its 30th Anniversary this year. In addition, Matrix is pleased to announce the promotion of Christian Klawunder, and welcome Kevin Moyer and John Mickelinc to the firm’s Downstream Energy […]

RICHMOND, VA – December 11, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Jet-Pep, Inc. and Bama Terminaling and Trading, LLC (collectively “Jet-Pep” or the “Company”) to CrossAmerica Partners LP (NYSE: CAPL) and Circle K Stores, Inc., […]

RICHMOND, VA – October 18, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Honey Farms, Inc. (“Honey Farms” or the “Company”) to Global Partners LP (NYSE: GLP).  Headquartered in Worcester, Massachusetts, the Iandoli family has owned […]

RICHMOND, VA – September 25, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce that Andrew A. LoPresti, John C. Duni and Kyle A. Profilet have received the Chartered Financial Analyst® (CFA®) designation and are now members of the CFA Institute. Mr. […]

RICHMOND, VA – September 11, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the promotion of three professionals, as well as the expansion of two key industry groups. Matrix would like to recognize the following individuals whose continued contributions to the firm and […]

RICHMOND, VA – August 8, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful acquisition of two propane gas companies by Revere Gas, Inc. (“Revere” or the “Company”). On June 1, Revere closed on the acquisition of Dixie Fuel Company, which is […]

RICHMOND, VA – June 5, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Superior Transport, Inc.’s (the “Company” or “STi”) consignment and wholesale motor fuels supply businesses and the related fuels transportation assets. The consignment and wholesale assets were acquired by Empire Petroleum Partners, LLC, […]

RICHMOND, VA – April 27, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of all of Leonard E. Belcher, Inc.’s (“L.E. Belcher” or the “Company”) retail assets and its branded and unbranded wholesale business to Petroleum Marketing Group, Inc. (“PMG”) of Woodbridge, Virginia. The Company’s retail […]

RICHMOND, VA – February 14, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, announces the successful closing on the sale of Bradley Petroleum, Inc. and Sav-O-Mat, Inc. (collectively the “Company”) to Stinker Stores, Inc. (“Stinker”).  Headquartered in Denver, Colorado, the Company’s operating history spans […]

RICHMOND, VA – February 7, 2017 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent middle-market investment bank, is pleased to announce the following recent promotions. Thomas E. Kelso has been elected by the Board of Directors to serve as President of Matrix.  This new role will be in […]

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 […]

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 […]

RICHMOND, VA – December 1, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of two truck stops and one convenience store owned by 7-Eleven, Inc. (the “Company”) to Parkland Fuel Corporation (“Parkland”). 7 Eleven acquired the three facilities (the “Stores”), two of which […]

RICHMOND, VA – November 1, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce Robbie L. Radant has joined the firm as a Director in its Downstream Energy & Retail Group (“Group”). Mr. Radant will head Matrix’s new Dallas office, originate new client assignments, and execute transactions, […]

RICHMOND, VA – October 18, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of F.L. Roberts and Company, Inc.’s (the “Company”) convenience store, car wash, and Jiffy Lube businesses. The convenience store and car wash businesses were acquired by affiliated companies of Nouria Energy […]

RICHMOND, VA – October 6, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce that it advised on the successful acquisition of Dealers Building Supply, Inc., d/b/a Dealers Wholesale (the “Company”) supported by The Firefly Group and Kocolene Development Corporation. The investment positions the Company to further […]

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 […]

RICHMOND, VA – September 27, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Budget Signs, LLC (“Budget Signs” or the “Company”) to a Salem, Virginia-based franchisee of FASTSIGNS International, Inc. (“FASTSIGNS”). FASTSIGNS is a Carrollton, Texas-based portfolio company of Levine Leichtman Capital Partners. Matrix served […]

RICHMOND, VA – July 12, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”), is pleased to announce the recapitalization of Business and Legal Resources (“BLR”) by Northcreek Mezzanine, Tenth Street Capital and management. BLR, headquartered in Brentwood, TN, is a leading provider of compliance and training solutions in the B2B […]

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, […]

RICHMOND, VA – May 31, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of District Petroleum Products, Inc. & Related Entities (the “Company” or “District Petroleum”) to an affiliate of Dunne Manning, Inc. The Company, headquartered in Huron, OH, owns and operates twenty-two (22) […]

RICHMOND, VA – May 4, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of the contract dealer business owned by Harbor Petroleum of New England, Inc. (the “Company” or “Harbor Petroleum”) to SEI Fuel Services, Inc., a wholly owned subsidiary of 7-Eleven, Inc. […]

RICHMOND, VA – April 13, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce that it successfully advised on 25 merger and acquisition transactions in 2015. We would like to thank all of our clients for the privilege of working with them this past year and appreciate […]

RICHMOND, VA – April 7, 2016 – SIGMA: America’s Leading Fuel Marketers and Matrix Capital Markets Group, Inc. (“Matrix”) are pleased to announce that Matrix will moderate the Opening General Session at the SIGMA 2016 Spring Convention, May 10-13, in Scottsdale, AZ, “Using Alternative Capital to Grow Your Company – […]

RICHMOND, VA – February 23, 2016 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Next Generation Children’s Centers (“NGCC” or the “Company”) to Cadence Education, Inc. (“Cadence”), a Scottsdale, AZ based portfolio company of Audax Group, Inc. Matrix served as exclusive financial advisor to NGCC. The […]

Matrix Capital Markets Group, Inc. established its Healthcare Group in late 2014 and has gained traction throughout 2015 and into 2016 by advising on several engagements in the laboratory, behavioral health, wellness, and education sectors. Across the Healthcare Group’s assignments in 2015 strategic acquirers and financial sponsor-backed companies were the […]

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 […]

Matrix Capital Markets Group, Inc. established its Media & Communications Group in late 2014. Throughout 2015, Matrix’s Media & Communications team has advised on several transactions in the broadcasting, outdoor advertising and fiber-to-the-premises (FTTP / FTTH) sectors.  At the start of 2016, the team looks forward to another successful year […]

RICHMOND, VA – December 16, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Alta East, Inc. and certain related entities’ (collectively the “Company”) fuels distribution business to a wholly owned subsidiary of Sunoco LP (NYSE: SUN). The Company, headquartered in Middletown, NY, owns or […]

RICHMOND, VA – December 9, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of CMA Supply Co., Inc. (“CMA Supply” or the “Company”) to Carter-Waters, LLC, a Kansas City, Missouri based portfolio company of Merit Capital Partners and Aiglon Capital Management, LLC. The acquisition forms a […]

RICHMOND, VA – November 10, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Biscayne Petroleum, LLC and Everglades Petroleum, LLC (collectively the “Company”) to 7-Eleven, Inc. and its wholly owned subsidiary, SEI Fuel Services, Inc. The Company, headquartered in Miami, FL, owns and operates convenience […]

RICHMOND, VA – November 6, 2015 – Matrix Capital Markets Group, Inc. (Matrix) announces the successful sale of Safe Foods International Holdings, LLC (SFIH) to Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH). Matrix served as exclusive financial advisor to SFIH. The transaction was led by David Keys, Head of […]

RICHMOND, VA – November 4, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of the fuels transportation, residential heating oil and tank wagon commercial fuels businesses owned by CrossAmerica Partners LP (the “Company” or “CrossAmerica”) that were formerly operated by wholly owned subsidiary, Petroleum Marketers, Inc. (“PMI”) to […]

RICHMOND, VA – October 30, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of one hundred percent of the equity securities of Pester Marketing Company and its wholly owned subsidiaries, Alta Fuels, LLC and Alta Transportation, LLC (“Pester” or the “Company”) to World Fuel […]

RICHMOND, VA – October 28, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of eight stores owned by Stop-a-Sec, Inc. and Seck Enterprises Inc. of Luck, Wisconsin (collectively the “Company”) to TravelCenters of America LLC (NYSE: TA). All eight of the sites were […]

RICHMOND, VA – September 24, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Kocolene Marketing, LLC’s (the “Company”) convenience store assets to Alimentation Couche-Tard, Inc. (TSX: ATD.A, ATD.B), through its wholly-owned subsidiary, Mac’s Convenience Stores, LLC (collectively “Couche-Tard”). The Company’s assets acquired […]

RICHMOND, VA – September 22, 2015 – Matrix Capital Markets Group’s Downstream Energy & Retail team has successfully completed three sell-side advisory assignments in the month of August, bringing the total of firm-wide transactions to seventeen so far for this year. Matrix provided merger and acquisition advisory services, which included […]

RICHMOND, VA – August 27, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the sale of Thoroughbred Energy, LLC’s and its related entities’ (“Thoroughbred” or the “Company”) petroleum marketing and convenience store assets to an undisclosed buyer.  The buyer has closed on 21 of the stores and the wholesale […]

RICHMOND, VA – August 27, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the following personnel updates: Pratik Thakral has been promoted to Senior Analyst.  He has been with Matrix since 2013 and is a member of the Consumer & Industrial Products Group.  Over the years, […]

RICHMOND, VA – August 25, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Tedeschi Food Shops, Inc. and related real estate entities (collectively “Tedeschi” or “Company”) to 7-Eleven, Inc. Headquartered in Rockland, Massachusetts, Tedeschi is a leading convenience retailing and foodservice company located in the New England area, with […]

RICHMOND, VA – August 18, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of GOGAS Corporation’s (“GOGAS” or the “Company”) assets to Quality Oil Company, LLC (“Quality Oil”). Prior to the sale, Wilmington, NC based GOGAS directly operated twenty (20) high volume retail […]

RICHMOND, VA – August 12, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce that AllOver Media, the largest alternative out-of-home advertising platform in the U.S., and a portfolio company of Audax Private Equity, has acquired certain assets of Zoom Media, the world’s largest provider of digital […]

RICHMOND, VA – July 6, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”), a leading middle-market investment bank, is pleased to announce that they have provided corporate advisory services to Arista Laboratories (“Arista”) in the sale of its assets.  Arista, based in Richmond, VA, is a leading independent tobacco testing […]

RICHMOND, VA – June 2, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the addition of John D. Ellison, CFA, Associate to the Media & Communications Group and John C. Duni, CPA, Senior Analyst to the Downstream Energy & Retail Group.  In addition, Stephen C. Lynch, CFA, […]

RICHMOND, VA – April 2, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce several recent transactions, including two sell-side engagements, Area Equipment Rentals & Sales, based in Chesapeake, VA, was acquired by Blue Line Rental, a portfolio company of Platinum Equity; the retail assets of Best […]

RICHMOND, VA – March 20, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of the nineteen (19) Little Store brand c-stores of Best Oil Company (the “Company”) to TravelCenters of America LLC (NYSE: TA) and the sale of Best Oil Company’s wholesale fuel […]

Richmond, VA – March 6, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the launch of their newly designed website, www.matrixcmg.com, which highlights the look and feel of the firm’s updated national brand. Informative and easy to navigate, the new site reflects the firm’s many years of experience, industry […]

RICHMOND, VA – February 20, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of one hundred percent of the equity securities of Erickson Oil Products, Inc. and select assets of Team Investments LLC (“Erickson” or the “Company”) to CrossAmerica Partners LP (NYSE: CAPL).  […]

RICHMOND, VA – February 11, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Mutual Oil Co., Inc.’s (“Mutual” or “Company”) branded, contract dealer business, comprised of over 150 dealer supply contracts, structured agreements and transportation fleet.  The dealer supply contracts and structured agreements have been […]

RICHMOND, VA – February 5, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the expansion of its Healthcare Advisory Team with the addition of David Endom, Senior Associate. Mr. Endom will join David Keys, Director, who launched the practice in 2014, and Braden Hill, Senior Analyst. Mr. Endom […]

RICHMOND, VA – January 21, 2015 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of certain assets of Mid-Atlantic Petroleum Properties, LLC (“MAPP” or the “Company”) to Petroleum Marketing Group, Inc. and affiliates.  Headquartered in Germantown, Maryland, MAPP has been a leading owner and […]

RICHMOND, VA – January 8, 2015 – Matrix Capital Markets Group, Inc. announced today the successful closing on the sale of Warren Equities, Inc. (“Warren” or the “Company”), which is owned by The Warren Alpert Foundation (the “Foundation”).  Through Warren’s subsidiaries, Warex Terminals Corporation, Inc. and Drake Petroleum Company, Inc., […]

RICHMOND, VA – December 22, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the sale of Southern Filter Media, LLC (“Southern Filter”) to Vance Street Capital, LLC (“Vance Street”), a Los Angeles-based private equity firm.  Southern Filter, based in Hixson, TN and a portfolio company of […]

Richmond, VA – November 26, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) is  pleased to announce several promotions and personnel updates. John J. Underwood was promoted to Director in the Matrix Energy & Multi-Site Retail  Group (“EMR Group”). He was previously the Retail Portfolio Manager for BP and was  […]

Richmond, VA – October 31, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce that it is expanding its industry coverage by establishing a Media and Communications Group. Leading the team will be Michael S. McHugh, Managing Director, who recently joined Matrix and will be located in the Richmond office. […]

RICHMOND, VA – October 16, 2014– Matrix Capital Markets Group, Inc. announces that effective December 31, 2014, Jeffrey G. Moore, Managing Director, will retire from Matrix after 27 years with the firm. Mr. Moore, who co-founded Matrix in 1988 and served as President of the firm for over 25 years, […]

RICHMOND, VA – September 29, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce that Stephen C. Lynch, CFA, CPA, Associate, has successfully completed the CFA Program. He now holds the Chartered Financial Analyst designation and is a member of the CFA Institute. Prior to joining our Energy […]

RICHMOND, VA – August 20, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the transition of Stevens Manufacturing Co., Inc. (“Stevens Manufacturing” or the “Company”) to J.H. Whitney Capital Partners, LLC (“J.H. Whitney”). Stevens Manufacturing, based in Milford, CT, is a leading supplier of high quality precision […]

RICHMOND, VA – August 5, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the recapitalization of Banker Steel Company (“Banker Steel”) with Atlas Holdings LLC, through its operating company, Bridge Fabrication Holdings, LLC, (“Atlas”) and Turnspire Capital Partners (“Turnspire”). Banker Steel, based in Lynchburg, VA is a […]

RICHMOND, VA – July 31, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announced today that John J. Underwood has been promoted to Director in the Energy & Multi-Site Retail Industry Group. Mr. Underwood joined the firm in April, 2011 after a successful career at BP. At Matrix, he has […]

RICHMOND, VA – July 22, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announces that it has advised Guttman Energy, Inc. (“Guttman”) on the successful sale of its Columbus, Ohio based propane and lubricants division, doing business as Guttman Oil Company (“Guttman Oil-Columbus Division”). Guttman Oil-Columbus Division sells propane and […]

RICHMOND, VA – May 27, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful closing on the sale of Atlas Oil Company’s (“Atlas”) BP Branded Chicago area assets. The assets included 99 sites currently supplied by Atlas, two sites under contract to be supplied by Atlas, four undeveloped […]

RICHMOND, VA – April 29, 2014 – Matrix Capital Markets Group, Inc. announces the successful closing on the sale of twenty-seven (27) of Cumberland Farms, Inc.’s convenience stores to Petroleum Marketing Group (PMG). The convenience stores are located in New Jersey, Pennsylvania, and Delaware and include seventeen (17) stores that […]

BALTIMORE, MD – March 12, 2014 – Matrix Capital Markets Group, Inc. (“Matrix”) announces that it has advised the members of Wooster, OH based Ports Investments, LLC (“Ports”) on the successful sale of its controlling ownership interest in Irwin, PA based Horizontal Wireline Services, LLC (“Horizontal” or “Company”). Horizontal was […]

RICHMOND, VA – March 7, 2014 – The Matrix deal team of Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral, which recently closed on the sale of Dimex, LLC and Butler Woodcrafters, is pleased to announce the sale of the assets of Coxe-Lewis Corporation and Coxe International Sales Corp. […]

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 […]

RICHMOND, VA – January 14, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Dimex, LLC (“Dimex”) to Grey Mountain Partners (“Grey Mountain”). Dimex, based in Marietta, OH and a portfolio company of The Brookside Group, LLC (“Brookside”), is an innovative and industry leading plastics […]

RICHMOND, VA – December 26, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the successful sale of Manchester Marketing Incorporated’s (“Manchester” or “Company”) wholesale fuels distribution business to Lehigh Gas Partners LP (NYSE: LGP) and affiliated entities. The Manchester distribution assets are primarily located in Central […]

RICHMOND, VA – October 10, 2103 – Matrix Capital Markets Group, Inc. is pleased to announce the following promotions for members of our Energy and Multi-Site Retail Group (“EMR Group”), as well as the addition of our newest team member: Spencer P. Cavalier, CFA, ASA has been promoted to the position […]

RICHMOND, VA – September 23, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the successful sale of Rogers Petroleum, Inc.’s (referred to herein as “Rogers” or “Company”) seventeen (17) company operated convenience stores to Lehigh Gas Partners LP (NYSE: LGP) and Lehigh Gas – Ohio, LLC. […]

BALTIMORE, MD – September 9, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of the assets of Jump Oil Company, Inc., a Debtor-in-Possession, Case #13-41130, U.S. Bankruptcy Court for the Eastern District of Missouri (referred to herein as “Jump” or “Company”). Jump was a motor fuels […]

BALTIMORE, MD – September 5, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of twenty-four (24) wholesale & retail fuel assets located in the Tidewater region of Virginia (collectively the “Tidewater Fuel Assets”) for SMO, Inc. (“SMO” or “Company”). The Tidewater Fuel Assets have been sold […]

BALTIMORE, MD – August 13, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the successful sale of Kilmarnock, VA based Hurst Harvey Oil, Inc. (“Hurst Harvey”) to GPM Investments, Inc. (“GPM”), as well as the sale of Bagwell Oil Company, Inc. of Onancock, VA (“Bagwell”) to […]

BALTIMORE, MD – August 2, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of the assets of RWJ Management Co., Inc., RWJ Crestwood LLC, RWJ Downers Grove LLC, RWJ Elmhurst LLC, RWJ Forestview LLC, RWJ Glen Ellyn LLC, RWJ Management Co. II, Inc., RWJ Munster LLC, […]

RICHMOND, VA – July 10, 2013 – Matrix Capital Markets Group, a leading middle-market investment bank, is pleased to announce the opening of its newly established Chicago, IL office. The company is headquartered in Richmond, VA with an additional office in Baltimore, MD. As part of the company’s expansion into […]

BALTIMORE, MD – March 11, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”), together with Marshall & Stevens, Inc. (“Marshall & Stevens”), announce the successful establishment of Pester Marketing Company’s (“Pester” or “Company”) Employee Stock Ownership Plan (ESOP). Pester established its ESOP in order to provide employees with another qualified, […]

BALTIMORE, MD – February 18, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Belleville, IL based Dickerson Petroleum, Inc. & Related Entities (“Dickerson” or “Company”) t/a Gas Mart, to Alimentation Couche-Tard, Inc. (TSX: ATD.A, ATD.B), through its wholly-owned indirect subsidiary, Mac’s Convenience Stores, LLC (collectively […]

Dear friends of the firm: Matrix is off to an excellent start in 2013 as we continue to experience strong momentum from a record 2012. As such, we wanted to share some highlights from this past year, as well as our outlook for the balance of 2013. At Matrix, we concentrate […]

RICHMOND, VA – January 15, 2013 – Matrix Capital Markets Group is pleased to announce the addition of David M. Keys, CFA as Vice President and the promotion of Cedric C. Fortemps, CFA to Director. David Keys recently joined Matrix as Vice President in the Richmond office. He brings nearly […]

RICHMOND, VA – January 10, 2013 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Old Dominion Peanut Company, Inc. (“ODP”), a wholly owned subsidiary of The Virginia Food Group, Inc., to Hammond’s Candies (“Hammond’s”). Bill Del Chiaro, CEO of ODP noted, “The entire Matrix team […]

RICHMOND, VA – January 7, 2013 – Matrix Capital Markets Group, Inc. is pleased to announce that VIP Parts, Tires & Service (“VIP”) has sold its 56 retail auto parts stores to O’Reilly Automotive, Inc. (“O’Reilly”). Lewiston, Maine-based VIP is a privately held automotive parts, tires and service chain that […]

RICHMOND, VA – January 3, 2013 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of nineteen (19) gas station and convenience store wholesale assets for Mutual Oil Co., Inc. (“Mutual” or “Company”). The wholesale assets have been sold to multiple buyers including Alliance Energy LLC, a wholly-owned […]

RICHMOND, VA – December 26, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Lynn Haven, Florida based Express Lane, Inc. (“Express Lane”) to affiliates of Lehigh Gas Partners, LP (NYSE:LGP) (“Lehigh”). Express Lane directly operates forty-five (45) retail convenience stores with gasoline. Seven (7) of […]

RICHMOND, VA – December 21, 2012 – Matrix Capital Markets Group, Inc. announced today that it has successfully advised Getty Realty Corp. (NYSE:GTY) (“Getty”) during the repositioning of their portfolio of properties previously leased to Getty Petroleum Marketing, Inc. Through this effort, Getty has successfully leased 443 properties on a […]

RICHMOND, VA – December 20, 2012 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Richmond Electric Supply Company, Inc. (“RESCO”) to RESCO Acquisition, LLC, an investment group comprised of RESCO’s recently appointed CEO, Mike Bourn, a leader in the electrical wholesale distribution industry, and other […]

RICHMOND, VA – December 13, 2012 – Matrix Capital Markets Group, Inc. announced today the successful sale of substantially all of the assets of Red Eagle Oil, Inc., et al, Debtor-in-Possession (the “Debtor”) in Case No. 11-20857 of the United States Bankruptcy Court for the District of Wyoming (the “Court”) […]

BALTIMORE, MD – September 18, 2012 – Tom Kelso, Managing Director, and Spencer Cavalier, Director, investment banking professionals with the Energy & Multi-Site Retail Team of Matrix Capital Markets Group, will present an educational workshop entitled “Capital Planning for Growth”. The presentation will take place during the Association for Convenience […]

RICHMOND, VA – September 4, 2012 – Matrix Capital Markets Group, Inc. is pleased to announce the following promotions for members of our Energy and Multi-Site Retail Group: M. Vance Saunders, CPA has been promoted to the position of Vice President. He has been a member of the Matrix Energy […]

RICHMOND, VA – September 4, 2012 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of RCC Western Stores (“RCC”) to Boot Barn. Headquartered in Rapid City, South Dakota, RCC has become one of America’s foremost western apparel and boot retailers. Boot Barn, headquartered in Irvine, CA, […]

BALTIMORE, MD – AUGUST 28, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of the assets of Orlando, Florida based Florida Oil Holdings, LLC (“Florida Oil” or “Company”) to Circle K Stores, Inc., a wholly owned subsidiary of Alimentation Couche-Tard, Inc. (TSX: ATD.A, ATD.B) (“Couche-Tard”). Florida […]

RICHMOND, VA – August 14, 2012 – Matrix Capital Markets Group, Inc. is pleased to announce the sale of Wagner Lumber (“Wagner”) to Baillie Lumber Co., L.P. (“Baillie”). Headquartered in Owego, NY, Wagner serves as one of the premier producers of hardwood lumber in the Northeast region. Baillie, headquartered in […]

During the first half of this year we completed eight engagements in the downstream energy sector. These assignments include a broad range of transactions that reflect the expert capabilities our investment banking professionals bring to every transaction, and demonstrates that “We’re Known By The Work We Do”. These transactions include: […]

RICHMOND, VA – July 9, 2012 – Matrix Capital Markets Group, Inc., a leading middle-market investment bank, is pleased to announce the addition of two new employees, Brady Hill and Andrew LoPresti, CPA, CFE. Brady has joined the Richmond team as an Analyst in our Consumer & Industrial Products division […]

RICHMOND, VA – June 26, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce the addition of Andrew LoPresti to their Energy and Multi-Site Retail (EMR) Group. Effective June 25, 2012, Mr. Andrew LoPresti, CPA, CFE, will join the firm as a Senior Analyst. He will be […]

RICHMOND, VA – June 14, 2012 – Matrix Capital Markets Group, Inc. announced today the successful closing on the sale of most retail assets of Strasburger Enterprises, Inc. (“Strasburger” or “Company”), a Shell, Mobil, Chevron and Citgo branded petroleum distributor and convenience store operator in Texas. The Company is family […]

BALTIMORE, MD – APRIL 3, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful refinancing and expansion of Pester Marketing Company’s (“Pester” or “Company”) senior credit facilities and treasury management services. Pester management sought to consolidate, expand and reconfigure its debt capital structure and treasury management services to […]

BALTIMORE, MD – March 1, 2012 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of Hanover, MD based High’s of Baltimore, Inc., t/a High’s Dairy Stores (“High’s” or “Company”) to The Carroll Independent Fuel Company (“Carroll”). High’s directly operates forty-six (46) retail convenience stores and gas stations […]

RICHMOND, VA – November 18, 2011 – Matrix is pleased to announce the closing of its tenth transaction of the year. Matrix served as exclusive advisor to American Industrial Partners (“AIP”), a New York City based private equity firm, on its acquisition of Coastal Lumber located in Charlottesville, VA. Coastal […]

Richmond, VA – October 3, 2011 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce several recent personnel changes. Mr. Vance Saunders, CPA, was promoted to the position of Senior Associate on August 1. Mr. Saunders has been with Matrix since 2006. He received his B.S.B.A with concentration […]

Richmond, VA – September 29, 2011 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce several personnel changes in their Energy and Multi-Site Retail (EMR) Group. Mr. Vance Saunders, CPA, was promoted to the position of Senior Associate on August 1, 2011. Mr. Saunders is responsible for financial, […]

BALTIMORE, MD – September 19, 2011 – John Underwood, Vice President and R.H. “Tod” Butler, Vice President of Business Development, two investment banking professionals with the Matrix Energy & Multi-Site Retail Team (EMR), will present an educational workshop entitled “Building the Best Financial Strategy”. The presentation will take place during […]

RICHMOND, VA – September 6, 2011 – Matrix Capital Markets Group, Inc. announced today the sale of ShelterLogic, LLC and its subsidiaries to a private equity investor group led by RFE Investment Partners and Charter Oak Equity, LP in conjunction with management. Financing for the transaction was provided solely by […]

RICHMOND, VA – July 25, 2011 – Matrix Capital Markets Group, Inc. is pleased to announce that Ohio based Belden Brick Company, through its subsidiary Redland Brick, has acquired the assets of Lawrenceville Brick, Inc., “Virginia’s Finest Brick Maker.” Matrix served as the exclusive financial advisor to both Lawrenceville Brick […]

RICHMOND, VA – June 1, 2011 – Matrix Capital Markets Group, Inc. announces the successful sale of twenty-nine (29) retail assets of Framingham, MA based Cumberland Farms, Inc. The retail assets have been sold to multiple buyers, including regional jobbers, individual store buyers, and individual store operators. Closings have occurred […]

Richmond, VA –May 11, 2011. Matrix Capital Markets Group is pleased to announce that it participated in the first Dealer Network Strategies & Development Masters Program presented by the Society of Independent Gasoline Marketers of America (SIGMA) that was held May 4– 5, 2011 at the Hyatt Dulles Hotel, Washington, […]

BALTIMORE, MD – April 21, 2011 – Matrix Capital Markets Group, Inc. (“Matrix”) announces the successful sale of twenty (20) retail assets of Hanover, MD based High’s of Baltimore, Inc., t/a High’s Dairy Stores (“High’s” or “Company”). The retail assets have been sold to multiple buyers, including national consolidators, regional […]

Richmond, VA – April 4, 2011 –Matrix Capital Markets Group, Inc. (“Matrix”) announced today that John J. Underwood has joined the firm as a Vice President in the Energy & Multi-Site Retail Industry Group. At Matrix he will be responsible for new client development and co-managing all aspects of client […]

RICHMOND, VA – February 8, 2012 – Matrix Capital Markets Group, Inc. announced today the sale of North American Propane, Inc. (“NAP”) to NGL Energy Partners LP (NYSE: NGL) for approximately $66.8 million in cash, subject to adjustment for certain assumed liabilities, working capital and other specified items. North American […]

BALTIMORE, MD – January 13, 2011 – Matrix Capital Markets Group, Inc. (“Matrix”) announced today the successful closing on the sale of the wholesale distribution assets of Atlanta, GA based Triton Marketing, Inc. (“Triton”) to Cary Oil Company, Inc. (“Cary”) of Cary, NC. The asset portfolio is comprised of over […]

RICHMOND, VA – January 3, 2011 – Matrix Capital Markets Group, Inc. (“Matrix”) announced today the successful closing on the sale of select retail assets of Lehigh Gas Corporation, a petroleum marketer and convenience store operator in the Northeast. The assets, located in New York, Pennsylvania and New Jersey include […]

RICHMOND, VA – November 15, 2010 – Matrix Capital Markets Group announces the successful completion of the Matrix Petroleum/C-Store M&A Deal Summit sponsored by Oil Price Information Service (OPIS) held on November 11-12, 2010 at the Westin Copley Place in Boston, MA. It was a lively, fun and informative event […]

Richmond, VA – September 1, 2010 – Matrix Capital Markets Group, Inc. announced today that it has successfully advised Advantor Systems and its shareholders in obtaining an equity investment by McCarthy Capital. McCarthy Capital manages a $500 million private equity fund and is based in Omaha, NE with offices in […]

RICHMOND, VA – July 6, 2010 – Matrix Capital Markets Group, Inc. announced today the successful closing on the sale of the retail assets of Quarles Petroleum, Inc., a mid-Atlantic fuel oil distributor, propane supplier, motor fuels supplier, fleet fuel site provider, and convenience store chain. The retail stores are […]

RICHMOND, VA – July 1, 2010 – Matrix Capital Markets Group, Inc. announced today that Cedric Fortemps has been promoted to Senior Vice President. Mr. Fortemps has been a member of Matrix’s Energy and Multi-Site Retail Group and the Bankruptcy and Reorganization Practice since joining the firm in 1998. Over […]

RICHMOND, VA – April 27, 2010 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Stalcop LP by Alpha Capital Partners, a private equity firm based in Chicago, IL. Stalcop, headquartered in Thorntown, IN and with additional manufacturing facilities in Germany and the […]

RICHMOND, VA – April 20, 2010 – Matrix Capital Markets Group, Inc. is pleased to announce that Sean P. Dooley has joined the firm’s Energy and Multi- Site Retail Group as a Senior Analyst. He will be responsible for conducting financial, industry, and buyer research, creating valuation and financing models, […]

RICHMOND, VA – March 24, 2010 – Matrix Capital Markets Group, Inc. announced today that it has successfully advised on the sale of O’Sullivan Films, Inc. to Konrad Hornschuch AG of Weissbach, Germany. This strategic acquisition is part of an overall plan to further expand geographically, as well as deliver […]

RICHMOND, VA – February 16, 2010 – Matrix Capital Markets Group, Inc.(“Matrix”) announced today that it provided financial advisory services and a fairness opinion to the Special Committee (the “Special Committee”) of the Board of Directors for United Fuel & Energy Corporation (Pink Sheets: UFEN) (“United Fuel”) on its merger […]

RICHMOND, VA – February 4, 2010 – Matrix Capital Markets Group, Inc. announced today that it has successfully advised the Connecticut Department of Transportation on a thirty-five (35) year agreement with Project Service LLC to overhaul and manage the operations of the state’s twenty-three (23) owned travel plazas located on […]

BALTIMORE, MD – January 11, 2010 – Matrix Capital Markets Group, Inc. announced today the successful sale and closing of all of the retail convenience stores and petroleum distribution assets of Uni-Marts, LLC., et al, Debtors-in- Possession in Case No. 08-11037 (MFW) of the United States Bankruptcy Court for the […]

RICHMOND, VA – December 21, 2009 – Matrix Capital Markets Group, Inc. announced today the sale of Jones & Frank Corp. to an investor group that was led by BB&T Capital Partners and included Parkway Capital Investors and the company’s former owners and existing management team. Senior and subordinated debt […]

RICHMOND, VA – October 6, 2009 – Matrix Capital Markets Group, Inc. (“Matrix”) and Hunter Hotels (“Hunter”) are pleased to announce that they will partner to provide advisory solutions to lodging companies with financially distressed hotel properties. The broad array of services provided by the partnership will include the restructuring […]

BALTIMORE, MD – October 1, 2009 – Matrix Capital Markets Group, Inc.’s Energy and Multi-Site Retail Group (EMR) announced today that it will now formally offer Strategic Planning and Corporate Valuation consulting services in addition to the other investment banking services it currently provides. These services are designed to assist […]

BALTIMORE, MD – September 24, 2009 – Kwik Pik, LLC, (“Kwik Pik”) an affiliate of Lehigh Gas Corporation and other various parties were named the successful bidders of the Uni-Marts’ assets for a total of approximately $19.6 million plus assumption of certain of the Debtor’s liabilities in an auction managed […]

BALTIMORE, MD – September 8, 2009 – Matrix Capital Markets Group, Inc. (“Matrix”) has provided further details on the Uni-Marts Bankruptcy Stalking Horse Bid. Kwik Pik, LLC (“Kwik Pik”), an affiliate of Lehigh Gas Corporation, was approved as the Stalking Horse Bidder in the Uni-Marts Bankruptcy Asset Sale by the […]

RICHMOND, VA – August 21, 2009 – Matrix Capital Markets Group, Inc. (“Matrix”) is pleased to announce that it has successfully advised the Official Committee of Unsecured Creditors (the Committee”) of Crescent Oil Company, Inc., et al. (“Crescent”) in Crescent’s Chapter 11 Bankruptcy Case in the Kansas City Division of […]

BALTIMORE, MD – August 17, 2009 – Matrix Capital Markets Group, Inc. (“Matrix”) announced today that Kwik Pik, LLC (“Kwik Pik”), an affiliate of Lehigh Gas Corporation, has been selected as the Stalking Horse Bidder in the Uni- Marts Bankruptcy Asset Sale. A motion to approve Kwik Pik as the […]

RICHMOND, VA – August 13, 2009 – Matrix Capital Markets Group, Inc. is pleased to announce that Spencer P. Cavalier, CFA has been promoted to Director of the Firm’s Energy and Multi-Site Retail Group (EMR). Over the past ten years, Mr. Cavalier has co-managed many successful merger and acquisition transactions, […]

RICHMOND, VA – June 30, 2009 – Matrix Capital Markets Group, Inc. (Matrix) announced today the successful sale of thirty-eight (38) operating convenience stores and travel center units, along with one (1) additional fee simple property, owned by Herndon Oil Corporation (Herndon) to The Pantry, Inc. (NASDAQ: PTRY). The units […]

RICHMOND, VA – May 15, 2009 – Matrix Capital Markets Group, Inc. today announced the successful sale of certain convenience store assets on behalf of MAPCO Express, Inc., a subsidiary of Delek US Holdings. As of Mar. 31, 2009, 24 of MAPCO’s East Coast branded convenience stores had been sold. […]

RICHMOND, VA – February 26, 2009 – Matrix Capital Markets Group, Inc. is pleased to announce that it has joined the Petroleum Marketers Association of America (PMAA) as a National Partner. According to Tom Kelso, a Managing Director & Principal at Matrix and head of the firm’s Energy and Multi-Site […]

RICHMOND, VA – February 19, 2009 – Matrix Capital Markets Group, Inc. is pleased to announce that Vance Saunders has been promoted to Associate in the firm’s Energy and Multi-Site Retail Group. Mr. Saunders has been with Matrix since July, 2006 and has worked on a number of successful transactions […]

RICHMOND, VA – January 13, 2009 – Matrix Capital Markets Group, Inc. announced today the sale of ASAP Industries, LLC to an investor group led by Hudson Ferry Capital, LLC and the company’s existing management team. ASAP Industries, based in Houma, Louisiana, is an American Petroleum Institute certified company that […]

Richmond, VA – September 13, 2008 – Matrix Capital Markets Group is proud to sponsor the 21st Annual Virginia Beach Polo Benefit “Chukkers for Charity”. The two day event kicked off with a black tie Players Party the evening before the match at the Signature at West Neck Golf Club […]

RICHMOND, VA – July 17, 2008 – When Matrix first opened its doors as an M&A advisory firm over 20 years ago, our main focus was a commitment to excellence, passion for what we do and building long-lasting, solid relationships with our clients. Today, those principles still hold true. Over […]

RICHMOND, VA – June 19, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing of sixty-eight (68) convenience store and dealer assets owned by Peterborough Oil Company, Inc., a Leominster, Massachusetts based owner and operator of retail petroleum marketing outlets and convenience stores branded as Mr. Mike’s […]

RICHMOND, VA – June 9, 2008 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of The Sharon Companies, LTD. to Worthington Integrated Building Systems, a subsidiary of Worthington Industries (NYSE:WOR). The Sharon Companies, LTD., established in 1963 and based in Akron, OH, designs […]

RICHMOND, VA – April 29, 2008 – Matrix Capital Markets Group’s Energy & Multi-Site Retail Team, led by Managing Director, Tom Kelso, successfully completed five advisory assignments in the first quarter of 2008. “Due to the hard work and dedication of our team, we had an amazing first quarter. We […]

RICHMOND, VA – February 29, 2008 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Riddleberger Brothers, Inc. to Comfort Systems USA, Inc. (NYSE: FIX), the nation’s premier mechanical systems installation and service provider headquartered in Houston, Texas. Riddleberger Brothers is based in […]

RICHMOND, VA – February 21, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing on certain assets of Huffman Oil Company, Inc., a Burlington, North Carolina based motor fuels distributor and convenience store chain trading as Huff’s Neighborhood Store. The 35 stores are all located in central […]

RICHMOND, VA – January 23, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing on certain assets of Neighborhood Convenience, Inc., an Eastern Virginia based convenience store chain trading as Little Sue. The stores are all located in the Gloucester and Middlesex counties of Virginia and sell […]

RICHMOND, VA – January 15, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing on substantially all of the assets of C.R. Quesenberry, Inc., a leading petroleum marketing and convenience store company. The Company is headquartered in Abingdon, Virginia and has stores throughout Southwest Virginia and Eastern […]

RICHMOND, VA – January 14, 2008 – Matrix Capital Markets Group, Inc. announced today the successful closing on substantially all of the assets of Rennie Petroleum Corporation, a Virginia-based operator of convenience stores & gas stations and a motor fuels distributor. In the Summer of 2007, Matrix was approved by […]

RICHMOND, VA – December 19, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Paladin Tools to Greenlee, an operating subsidiary of Textron, Inc. (NYSE: TXT), based in Rockford, IL. Paladin Tools, headquartered in Oilville, VA, is a leading provider of hand […]

RICHMOND, VA – October 18, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Rossi American Hardwoods (RAH) and Hardwood Lumber Manufacturing, Inc. (HLM) to H.I.G. Capital, a private equity firm headquartered in Miami, FL and Fifth Street Capital, headquartered in White […]

RICHMOND, VA – August 28, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of three hospitality properties located in Richmond, VA all owned by affiliates of Briggs Hospitality. The properties, which consist of the Sheraton Park South Hotel, the Holiday Inn I-64 […]

RICHMOND, VA – August 14, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing on the sale of twelve (12) convenience stores owned by Wooten Oil Company, a Goldsboro, North Carolina based owner and operator of retail petroleum marketing outlets and convenience stores branded as Kwik Mart […]

RICHMOND, VA – July 19, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Affiliated Mortgage Protection, a leading independent insurance agency based in Clark, NJ that specializes in the sale of mortgage protection life insurance. Wachovia Bank provided the exclusive financing […]

RICHMOND, VA – July 11, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Club Colors, Inc. to CID Capital, a private equity firm headquartered in Indianapolis, IN. Club Colors, based in Schaumburg, IL is a portfolio company of Philadelphia-based private equity […]

RICHMOND, VA – May 23, 2005 – Matrix Capital Markets Group, Inc. announced today the successful closing of RPF Oil Company’s (“RPF” or the “Company”) acquisition of 44 BP retail and wholesale fuel assets in the Greater Detroit market. Matrix provided acquisition and capital raising advisory services to consummate the […]

RICHMOND, VA – May 22, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of The Spencer Turbine Company to its employees and Alliance Holdings, Inc., a 100% employee owned holding company. The Spencer Turbine Company, founded in 1892 and based in Windsor […]

RICHMOND, VA – May 3, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Garsite/Progress LLC, to Insight Equity. Garsite/Progress, based in Kansas City, KS is a portfolio company of Chicago-based private equity firm 13i Capital and operates two distinct divisions, Garsite […]

RICHMOND, VA – March 1, 2007 – Matrix Capital Markets Group announced today that it’s Energy & Multi-Site Retail team has successfully completed the following transactions for January, 2007: On January 8, 2007, Matrix successfully closed on substantially all of the assets of Southern Convenience Stores, Inc., a North Carolina […]

RICHMOND, VA – February 21, 2007 – A leading petroleum marketing, distribution, and convenience store company in the Southeastern U.S. is offering to sell forty-six (46) convenience stores through a structured sale process to be managed by Matrix Capital Markets Group, Inc. The stores are located at prime traffic locations […]

RICHMOND, VA – January 29, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing of twenty-four (24) convenience stores owned by The Hartley Company (Hartley), a Cambridge, Ohio based owner and operator of retail petroleum marketing outlets and convenience stores throughout Ohio as part of Hartley’s plan […]

RICHMOND, VA – January 16, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing of Uni-Marts’ acquisition of 28 BP retail and wholesale fuel assets in the Youngstown, Ohio market. Matrix provided acquisition advisory services to consummate the transaction. Tom Kelso, Managing Director and Head of the […]

RICHMOND, VA – January 16, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Fast Fabricators, Inc. to Mueller Water Products, Inc. (NYSE: MWA, MWA-B). Fast Fabricators is based in Bloomfield, CT and is a leading fabricator of ductile iron pipe products […]

RICHMOND, VA – January 9, 2007 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Tri State Foam Products, Inc., a Martinsville, Virginia based manufacturer of expanded polystyrene foam (“EPS”). Harbert Management Corporation, a $7.1 billion private investment firm headquartered in Birmingham, Alabama, […]

RICHMOND, VA – January 8, 2007 – Matrix Capital Markets Group, Inc. announced today the successful closing on substantially all of the assets of Southern Convenience Stores, Inc., a North Carolina based owner and operator of retail petroleum marketing outlets and convenience stores throughout North and South Carolina. In July […]

RICHMOND, VA – November 14, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of American Commercial, Inc. to DSI USA, Inc. American Commercial, based in Bristol, VA with operations in Louisville, KY, is the leading North American designer and manufacturer of underground […]

RICHMOND, VA – October 19, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Louisville, Kentucky based capital equipment manufacturer Thermex-Thermatron, Inc. to Dyad Partners, a private equity firm headquartered in Bethesda, Maryland. Matrix served as the exclusive financial advisor to Thermex-Thermatron […]

RICHMOND, VA – September 11, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Aeriform Corporation, an industrial gas and welding supply distributor based in Houston, TX to Airgas, Inc., the largest US distributor of industrial, medical and specialty gases and related […]

RICHMOND, VA – August 22, 2006 – Matrix Capital Markets Group, Inc. announced today the successful closing on substantially all of the assets of FFP Operating Partners LP, a Texas-based owner and operator of convenience stores and gas stations and fuel supply agreements in various states in the South and […]

RICHMOND, VA, July 27, 2006 – Matrix Capital Markets Group, Inc. announced today the successful closing on the Corner Mart chain of convenience stores, owned by Bagwell Oil Company. The ten (10) store chain, located on the Eastern Shore of Virginia, was acquired by Petroleum Marketing Group, Inc., a Maryland-based […]

RICHMOND, VA · February 17, 2006 · Matrix Capital Markets Group, Inc. announced today the successful management buyout of PolyOne Corporation’s (NYSE: POL) Engineered Films business unit. The buyout was led by the unit’s management team along with an investor group formed by Matrix. Senior financing for the transaction was […]

RICHMOND, VA – January 24, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Board Dudes, Inc. to Rose Art Industries, Inc., a wholly owned subsidiary of Mega Bloks, Inc. (TSX: MB). Ben Hoch, Chief Executive Officer, and Mike Cerillo, President, the […]

RICHMOND, VA – January 17, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Ann Arbor Machine Company to a private investment company organized and controlled by the Borman family, based in the Detroit, Michigan area. The family has several investments in […]

RICHMOND, VA – January 11, 2006 – Matrix Capital Markets Group, Inc. announced today the successful closing of Carroll Independent Fuel Company’s acquisition of 70 BP retail and wholesale fuel assets in the Baltimore and Washington, DC metropolitan markets. Matrix provided acquisition and capital raising advisory services to consummate the […]

RICHMOND, VA – December 15, 2005 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Aces Ltd. and Northeast Consolidators, Inc., to Kuehne-Nagel, Inc. Kuehne-Nagel is one of the largest and most diversified logistics providers in the world, serving customers across five continents. […]

RICHMOND, VA – December 9, 2005 – Matrix Capital Markets Group, Inc. announced today the successful closing on substantially all of the assets of Angus I. Hines, Inc. t/a Sentry Food Mart, located in the Tidewater and Western regions of the state of Virginia. The overall transaction involved multiple closings […]

RICHMOND, VA – November 28, 2005 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the recapitalization of Flowers Today, Inc., one of the largest marketers and sellers of flowers in the nation operating under the trade names Blooms USA, Flowers Sent Today and American Blooms. […]

RICHMOND, Va.–(BUSINESS WIRE)—Nov. 2, 2005— Matrix Capital Markets Group, Inc. recently announced the successful closing of the sale of Kadant Composites LLC, a leading manufacturer of composite decking and roofing products, to Minneapolis -based LDI Composites. Kadant Composites is a subsidiary of Kadant Inc. (NYSE: KAI). LDI Composites is a […]

RICHMOND, VA – July 7, 2005 Matrix Capital Markets Group, Inc. announced today the successful sale of 45 Sentry Food Mart Stores located in the Tidewater and Western regions of Virginia. All of the stores were sold through a sale process managed by Matrix. Twenty-three (23) stores were sold to […]

RICHMOND, VA – May 23, 2005 – Matrix Capital Markets Group, Inc. announced today the successful closing of RPF Oil Company’s (“RPF” or the “Company”) acquisition of 44 BP retail and wholesale fuel assets in the Greater Detroit market. Matrix provided acquisition and capital raising advisory services to consummate the […]